May 14: Here are the top stocks to watch out for today

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Indian market closed at over three-month high on Friday, due to major gains in heavyweight stocks such as HDFC, HDFC Bank, Reliance, ITC and ICICI Bank and backed by strong global cues.

Asian Paints also had a positive outing as its Q4 earnings exceeded the expectation. The stock gained more than 5% in trade.

The BSE Sensex and the NSE Nifty gained 1% each with the Nifty closing at 10,807 and the Sensex at 35,536.

Here are the top stocks to watch out for today

• Bharti Airtel: The merger of Bharti Infratel and Indus Towers to create a $ 14.6 billion firm with world’s second-largest number of mobile masts — is not expected to lead to any job loss given the disparate and largely non-overlapping nature of operations of both companies, a senior Bharti official said.
• Tata Group: The New Delhi Municipal Council (NDMC) has announced the e-auction of three of its premium hotels in Lutyen’s Delhi, including the five-star property Taj Mansingh, for a period of 33 years.
• Hindustan Unilever, Dr Lal PathLabs, Bombay Dyeing, Blue Star, among others will declare their quarterly earnings today.
• OBC: Public sector lender Oriental Bank of Commerce’s (OBC) net loss widened to Rs 1,650.22 crore for the quarter ended March of 2017-18.
• M&M: The auto company has seen a surge in its tractor volume by more than 2%.
• RIL, Airtel: Reliance Jio has alleged that Bharti Airtel is offering eSim service on Apple Watch in violation of licence norms, prompting the Sunil Mittal-led firm call it a “frivolous complaint”.
• Telco stocks: Reliance Jio on Thursday announced its first-ever postpaid offer  “hello-postpaid,” at a price of Rs 199 per month which led the telco stocks to trade under pressure on Friday.
• Kotak Mahindra Bank: The bank may look to sell its 15% stake in country’s largest commodity exchange, Multi Commodity Exchange of India (MCX).
• JSW Steel:  The steel firm on Saturday said the Competition Commission of India has approved the bid by a consortium led by it to acquire bankrupt Monnet Ispat and Energy Ltd (MIEL) in an insolvency auction.
• Infosys:  The IT company’s director Ravi Venkatesan steps down as from his responsibilities ‘to pursue a new role.’
• Fortis: The board of directors decided to recommend the binding offer of the Burman-Munjal consortium late on Thursday, which, however, has made the fall dip to nearly 3% on Friday.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow