Top 5 stocks in focus on October 25: BHEL, SKF India to L&T Finance, here are the 5 newsmakers of the day

Despite a weak handover from the US markets, Indian markets opened sharply higher on October 24, 2018, and closed in the green. But there were certain stocks that came in the news thereafter and these can have an impact on the market on October 25, 2018. Here is the list of five stocks:

Bharat Heavy Electricals Ltd (BHEL): The board of BHEL will meet on Thursday to consider a proposal for buyback of shares and the unaudited financial results for the quarter ended September 30, 2018. 

SKF India Ltd.: The board of directors of the company has approved a proposal for buyback of 1,900,000 Equity Shares at a price of INR 2,100 per Equity Share. 

Telecom Sector: Shares of the telecom sector will remain in focus today India’s telecom subscriber base reached 1.18 billion in August 2018. Mukesh Ambani-owned Reliance Jio has added 1.22 crore subscribers while Vodafone and Bharti Airtel have added 11.4 lakh and 10 lakh subscribers in its list.

Tata Steel/Tata Sponge/Usha Martin: Stocks of these three companies will remain in focus because Tata Steel Ltd. has announced its plans to takeover Usha Martin’s steel business through its associate Tata Sponge Iron through a slump sale process. 

Watch this Zee Business Live TV below 

L&T Finance Holdings: The company has posted September quarter earnings and has reported a decent growth in profits at Rs 560 crore, up 18.4per cent. It made a profit of ₹538 crore in the year-ago period. In addition, it also released details related to its exposure to IL&FS related entities and Supertech. Its exposure in IL&FS and Supertech stands at Rs 1800 crore and Rs 800 crore respectively.