Eighteen stocks in focus in Monday morning trade

NEW DELHI: The Indian market is expected to trade in a range on Monday tracking muted trend seen in other Asian markets.

"I do not see weakness in the Nifty. It may not move as much as the Bank Nifty or some other stocks, some small cap stocks as you are mentioning. But, now that we are very clearly moving towards 8000," said Sandeep Wagle, Founder & CEO, Power My Wealth.

"After 8,000, we could probably head towards 8050 over the next few days or weeks and looking at the strength in the Bank Nifty, I do not know the reasons, you know it better, that would not let the Nifty fall is what I would talk of," he added.

Here is a list of top eighteen stocks that are likely to be in focus today:

Amtek Auto Ltd: The troubled auto component maker Amtek Auto said it has suffered a consolidated net loss of Rs 987 crore for the year ended September against a net profit of Rs 848.21 crore last year.

Reliance Industries Ltd: RIL is facing a 40 per cent cut in the marketing margin it charges on selling its KG-D6 gas to fertilizer and LPG plants after the government notified a ceiling of Rs 200 per thousand standard cubic meters (scm).

Nestle India Ltd: The Company which is facing a fresh controversy over its pasta products after Maggi noodles, questioned the validity of lab test done by the UP government saying it was neither "NABL accredited" nor "notified by FSSAI".

Colgate India Ltd: FMCG firm Colgate-Palmolive (India) Ltd declared a second interim dividend at Rs 3 per share for the current financial year.

Cipla Ltd: Drug major Cipla is exploring all legal options in the wake of Delhi High Court's ruling that it has infringed Swiss drug major Hoffman-La Roche's patent on lung cancer drug erlotinib hydrochloride sold under Tarceva.

Maruti Suzuki India Ltd: India's largest carmaker aims to increase its annual sales to about 2 million units by 2020, will invest Rs 15,000 crore over the next five years in procuring land for doubling its dealership network and expanding stockyard, warehouse and transportation infrastructure, said a media report.

Monnet Ispat Ltd: Lenders to Blackstone-backed Monnet Ispat and Energy plan to convert their unsecured loans into equity shares, according to a BSE filing.

Welspun Corp Ltd: The Welspun Group has put its renewable energy business on the block and has appointed British bank Barclays to look for a buyer, two people with direct knowledge of the plan said, as the pipe-to-textile maker seeks to trim debt amid concerns of a fall in solar power prices hurting its margin.

Lux Industries Ltd: Hosiery maker Lux Industries' shares will list on the National Stock Exchange on Monday. Currently, the company's shares are listed on the Calcutta and Ahmedabad stock exchanges. As per the company's annual report for 2014-15, shares were not traded on both these stock exchanges.

Polaris Consulting Ltd: Polaris promoter Arun Jain and former Chief Financial Officer R Srikanth have been penalised by markets regulator Sebi for alleged insider trading in the shares of the Chennai-based IT services firm during 2008, said a media report.

Bharat Forge Ltd: Bharat Forge of the Kalyani Group will be investing about ?500 crore in setting up a defence systems facility in association with a joint venture partner, said a media report.

Ashiana Housing Limited: Leading real estate development company Ashiana Housing Limited expressed confidence that construction work of its ambitious project 'Marine Plaza' here will restart from next month.

United Breweries (Holding) Ltd: Capital markets regulator Sebi slapped a fine of Rs 15 lakh on United Breweries (Holding) Ltd for not making disclosures regarding creation and invocation of certain pledge transactions in shares of United Spirits.

Yes Bank Ltd: Private sector lender Yes Bank has invoked 3.02 per cent stake of United Breweries, pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group, by selling shares worth Rs 778 crore.

Essar Steel Ltd: Some 30 lenders of Essar Steel have agreed to move Rs 14,500 crore of its term loans under the 5:25 flexible structuring scheme, extending enormous flexibility to the Ruias-promoted company to repay the loan.

PVR Ltd: Multiplex chain operator PVR expects to add at least 23 screens in the current financial year to take the total to 500 in the same fiscal.

Jamna Auto Industries Ltd: Private equity firm Clearwater Capital Partners has hired investment bank ICICI Securities Ltd to sell its 24% stake in auto component maker Jamna Auto Industries Ltd, said a media report. A deal is likely at Rs.250-300 crore, the persons mentioned above said requesting anonym, the report added.

IVRCL Ltd: Hyderabad-based IVRCL Limited has made an allotment of 24.27 million equity shares of Rs 2 each at issue price of Rs 24.39 per share on Friday to the CDR (corporate debt restructuring) lenders who have signed the master restructuring agreement last year, said a media report.