7. As per media reports, Japanese major, Kubota Corp might be looking to increase its stake by 5% to 7% in Escorts. Kubota currently has a ~9% stake in Escorts.
8. Tyre stocks to be in focus – According to ATMA, the industry is lobbying the government to remove restrictions on import of natural rubber.
*Fund Flow:*
FII: (-) Rs 10.88 bn; DII : (+) Rs 5.06 bn
*Stocks to focus :*
Large Cap : Abbott India, Bajaj Finance, Divis Lab, HDFC Bank, HCL Tech, HUL, Infosys, ICICI Lombard, Maruti, Nestle, Tata Steel
Mid Cap : AAVAS Financiers, Amber Ent, Apollo Tyres, Gmm Pfaudler, GNFC, Mrs Bectors Food, Nalco, Poly Medicure, Westlife Development.
8. Tyre stocks to be in focus – According to ATMA, the industry is lobbying the government to remove restrictions on import of natural rubber.
*Fund Flow:*
FII: (-) Rs 10.88 bn; DII : (+) Rs 5.06 bn
*Stocks to focus :*
Large Cap : Abbott India, Bajaj Finance, Divis Lab, HDFC Bank, HCL Tech, HUL, Infosys, ICICI Lombard, Maruti, Nestle, Tata Steel
Mid Cap : AAVAS Financiers, Amber Ent, Apollo Tyres, Gmm Pfaudler, GNFC, Mrs Bectors Food, Nalco, Poly Medicure, Westlife Development.