Mid-Day Stock Watch on April 13

Hours since the markets opened today, after a careful observation of stocks' movements and analysis, we find these below mentioned five stocks worth watching during rest half of the day.

a) Madhucon Projects: Madhucon Projects completed its strategic stake sale of Agra-Jaipur Expressways. The company sold its 74 per cent stake in Madhucon Agra-Jaipur Expressways to Cube Highways and Infrastructure. After the deal, the funds will be utilized to cut down its debt burden.

b) Larsen & Toubro (L&T): L&T’s IT subsidiary, Larsen & Toubro Infotech files IPO papers with Securities and Exchange Board of India (SEBI). A day before yesterday, L&T Infotech had withdrawn its IPO papers which was filed in September 2015 due to change in offer structure. The share price of L&T will be focused rest of the trading session.

c) Bajaj Corp: Bajaj Corp declared its fourth quarter results on April 12 after market hours. The company bottom line remained flat in Q4FY16 as compared to same period in previous fiscal year. Its share price will be focused rest of the day.

d)Titan company/PC Jeweller: Jewellers in Maharashtra have called off their strike temporarily, from April 14 to 24. The stocks like Titan company and PC Jeweller will be in limelight rest of the trading session.

e) Axis Bank: Axis Bank reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 15 basis point across all tenors. This follows the reduction in Policy rates by RBI on April 5. The reduced MCLRs will be effective from April 18, 2016.