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Stocks to Watch on 18 July 2019

18 July 2019

MCX:

Multi Commodity Exchange of India reported a 496 per cent increase in its net profit for the first quarter (Q1) of 2019-20. Technically MCX has also trading on its all time high. Hence there is a good expectation of movement.

Union Bank of India:

RBI imposed Rs 10 lakh penalty for non-compliance with cyber security norms. Moreover the consolidated structure it is maintaining indicates a good movement in near future.

MTNL:

Group of Ministers led by Home Minister Amit Shah discussed revival of loss making telecom firms BSNL and MTNL. This news may impact the movement of the underlying stock.

Adani Ports:

The company said it will raise up to $650 million by issuing unsecured notes.Hence, there is an expectation of of volume.

Tata Power:

The company said it has partnered with NTT Com-Netmagic to build 50 megawatt (MW) solar photovoltaic power plant in Solapur, Maharashtra.The NTT Com-Netmagic is a managed hosting and multi-cloud hybrid IT solution provider.

BHEL:

NMDC has sent a termination notice to state-owned firm BHEL for not completing in time a contract to set up a raw material handling system (RMHS) at the miner's under-construction integrated steel plant at Nagarnar.

Mindtree:

After acquiring Mindtree in a hostile takeover, Larsen and Toubro (L&T) Tuesday sought to assuage investor concerns, saying it can provide further impetus to the IT company's growth by way of board-level oversight and relevant client connects.

DCB Bank:

The bank reported a rise of 17 per cent in its net profit to Rs 81 crore for the first quarter ended June 30.The bank's net profit in the April-June 2018 quarter had stood at Rs 70 crore.

Oil India:

State-owned ONGC and Oil India alongside private sector Vedanta walked away with almost all of the oil blocks auctioned in the latest licensing round as part of the government's effort to raise domestic production.

TV18 Broadcast:

The company reported a consolidated net profit of Rs 23.17 crore in the first quarter ended June 30.

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