Stocks in Focus: PVR, Titan, Inox, SBI; Indices open positive with Nifty trading above 10k mark

The Indian indices opened on positive global cues with Nifty above 10,100 level. At 10.12 IST, Sensex was trading high by 318 points at 34,689. whereas Nifty climbed 90 points to 10,258.

Currently, Sun Pharma, Dr. Reddys Labs, Induslnd Bank, Cipla, and Asian Paints are the top gainers on the NSE. GAIL, which became the top gainer in the previous session is trading on the red side. Moreover, IOC, Titan Company, Coal India, and Wipro are trading lower.

Further, Hero MotoCorp, Bombay Dyeing, Century Enka, eClerx Services, Gujarat Pipavav Port, Graphite India, among others are to post their Q4 results in the trading session.

Take a look at some of the stocks to watch in the market session as of June 9, 2020:

Titan Company:

The company reported a 21.11 percent increase in its net profit at Rs. 346.35 crore for the fourth quarter. This was against a net profit of Rs. Rs 353.6 crore in the same quarter last fiscal. In addition, the revenue was posted at Rs 4,711.50 crore compared to Rs 4,888.77 crore in Q4FY19.

PVR Limited:

The company faced a severe impact on its business owing to the nationwide lockdown. It reported a consolidated net loss of Rs. 74.61 crore for the fourth quarter ended in March. Earlier, the company had reported a net profit of Rs 46.75 crore in the same quarter last fiscal year.

Inox Leisure:

The firm reported its consolidated net loss for the fourth quarter to stand at Rs. 82.15 crore. In the fourth quarter of 2019, the company had put up a net profit of Rs 48.08 crore.

PNB Housing Finance Limited:

According to an exchange filing, the company will hold a meeting of the Board of Directors on June 13, 2020, to consider and approve results for the fourth quarter in the current fiscal year. As reported by CNBC-TV18, the company will consider raising funds through external borrowings and non-convertible debentures up to 750 million dollars on June 13.

State Bank of India:

From June 10, the bank is said to reduce the marginal cost of fund-based lending rate (MCLR) by 25 points withing all tenors. In a release, the bank said that the one-year MCLR is revised to 7 percent from 7.25 percent.

In addition, some of the other stocks in focus today comprise CRISIL, Gayatri Projects, RITES, Chalet Hotels, State Bank of India, among few others.