Best Stock Tips for Today (3rd July)

Equity benchmarks opening gains reduced by more than 50 percent due to correction in HDFC Group, oil, infra and select technology stocks. ITC also erased some opening gains but still maintained its top position in the buying list among Sensex stocks, up 6 percent. The 30-share BSE Sensex was up 130.52 points at 31,052.13 and the 50-share NSE Nifty rose 30.75 points to 9,551.65. About 1,067 shares advanced against 438 declining shares on the BSE.

Top Gainers: ITC, Hindalco, Bharti Infratel, Bank of Baroda, Eicher Motors

Top Losers: NTPC, HCL Tech, Wipro, Bajaj Auto, Tata Power

Kalpataru Power
Kalpataru Power got an order worth Rs 676 crore.

JMC Projects
JMC projects got an order worth Rs 257 crore from Madhya Pradesh for pipeline. Besides, the company has got 4 commercial projects worth Rs 340 crores from Bangalore and Chennai. Apart from this, there is a residential project of Rs. 115 crores in Chennai.

Tata Chemicals / GHCL
Anti-dumping duty will continue till July 2, 2018 on soda ash. Anti-dumping duty was imposed on soda ash in 2012.

RCF / FACT / NFL / Chambal Fertilizer
The government has given some relief to the farmers. At the GST Council meeting on the evening of June 30, it has been decided to increase the GST rates on fertilizers to 5 per cent instead of 12 per cent. At the same time, the tractor components will be 18 percent GST instead of 28 percent. Finance Minister Arun Jaitley says that this decision has been taken to give relief to the farmers.

NHPC / SJVN
Hydro-power policy can be approved from the cabinet. The benefit of Rs. 16,709 crore is possible for 40 projects stranded in the policy. Power Ministry has sent a policy to the Finance Ministry.