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Top 10 stocks to track in trade today

The BSE Sensex runs the risk of some consolidation after indexes ended at their highest close since November 2010 on Friday. The Sensex and Nifty posted their fifth consecutive week of gains on hopes of rate cuts as early as next month. Strong gains in global share markets have also helped domestic indexes. Foreign investors have been net buyers for 21 consecutive sessions as of Thursday, bringing in a net of about $13 billion in 2013.
  1. ABB is likely to correct sharply after the company said there is no plan to delist the stock from the stock exchange. ABB shares have jumped over 27 per cent in the last week.

  2. Dhanlakshmi Bank posted strong numbers in the fourth quarter. The lender reported a profit of Rs 28.6 crore against a loss of Rs 86.5 crore a year ago. However, net non-performing assets rose to 3.36 per cent of advances against 2.93 per cent last quarter.

  3. Coal India Q4 sales seen rising 2.5 per cent at Rs 19,914 crore, while net profit is seen up 27 per cent at Rs 5,050 crore.

  4. Lupin: Credit Suisse has downgraded the stock to neutral (from outperform) with a 12-month target price of Rs 755 citing unfavourable risk-reward.

  5. Voltas Q4 net is seen falling 24 per cent year-on-year on sales of Rs 1,426 crore (down 9 per cent).

  6. Cairn India: UBS recommends buy with a target of Rs 445 saying the company has made good progress to raise production. Valuations are attractive.

  7. Reliance Industries: CLSA maintains outperform with a target of Rs 930 citing positive exploration and production news flow in 2013-14. RIL's ebitda can double in next five years. CLSA said.

  8. State Bank of India, PNB, Bank of Baroda: CLSA is positive on these public sector banks saying they can witness 15-60 per cent boost in their Q1 earnings. Treasury gains will allow PSU banks to offset near term asset quality pressure, CLSA added.

  9. Apollo Hospital Q4 sales is seen rising 27 per cent year-on-year at Rs 745 crore, while net is seen up 25 per cent at Rs 74 crore.

  10. Divis Lab Q4 net is seen rising 3.5 per cent to Rs 221 crore on sales of Rs 804 crore (up 13 per cent year-on-year).

Story first published on: May 20, 2013 08:45 (IST)

Tags: BSE Sensex, Nifty

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