Tag: Stocks to Watch

Top stocks to watch out for on October 31: IL&FS, Tech Mahindra, Tata Steel, Bank of Baroda

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

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Indian shares looked set for positive start on Wednesday, following a rebound on Wall Street but investors’ sentiment is likely to remain cautious on global growth worries and slew of corporate earnings back home.

At 06.50 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was up 0.62 percent to 10,292, indicating a negative start for the Indian market today.

Here are the top stocks to watch out for in today’s trade:

Fortis Healthcare: Anti-trust regulator Competition Commission of India (CCI) has approved the IHH Healthcare’s acquisition of a controlling stake in Fortis Healthcare.

IL&FS Transportation Network: IL&FS Transportation Network, an entity of the crippled IL&FS group, Tuesday said it has again defaulted on interest payments on six of its NCDs. The company in a regulatory filing said all the payments were due between October 29 and 30, 2018.

ITC: Diversified conglomerate ITC Limited has decided to enhance its dairy portfolio by entering the paneer and milkshakes segments within two months, a company official said on Tuesday.

Punjab National Bank: Sebi on Tuesday exempted the government from making an open offer to the shareholders of Punjab National Bank (PNB) following the proposed equity infusion that will hike its stake in the state-owned lender by nearly six per cent. The central government, a promoter of PNB, has proposed to infuse capital worth Rs 5,431 crore against allotment of equity on preferential basis.

State Bank of India: The country’s largest lender SBI has halved the daily cash withdrawal limit from ATMs for certain debit-card holders to Rs 20,000 from Wednesday.

Tata Steel: The European Commission said on Tuesday it was investigating whether a planned joint venture between Indian steelmaker Tata Steel and Germany’s ThyssenKrupp could reduce competition in the high-end steel sector.

Coal India: The government is stepping up its divestment drive as it will sell 3 percent stake in Coal India on Wednesday for Rs 266 a share through offer for sale (OFS) route. The sale is likely to fetch the exchequer Rs 5,000 crore.

Bank of Baroda:  The bank posted a 19.7 percent rise in second-quarter net profit on Tuesday as the lender made lower provisions for bad loans amid strong growth in retail banking.

Tech Mahindra: IT services major Tech Mahindra on Tuesday posted a 27 percent year-on-year (YoY) rise in net profit at Rs 1,064.33 crore for the quarter ended September 30, 2018 as it clocked more deals in the July-September period.

Results on Wednesday: L&T, Vedanta Ltd, Dabur India, Tata Motors & DVR, Lupin, Canara Bank, Adani Power, Castrol India, Ajanta Pharma, Escorts Ltd, Syndicate Bank, Balrampur Chini Mills, HEG, Honeywell Auto, AIA Eng, Sanofi India, Reliance Nippon, TI financial, Future Lifestyle, Blue Dart Express, Cochin Shipyard, Gujarat Pipavavport, Narayana Hrudayalaya, Moil Ltd, Kalpataru Power Trans, Prism Johnson, Jagran Prakashan, Sharda Cropchem, Minda Corporation, Schneider Electric Infra, Himachal Futuristic, Navneet education, Kei Industries, Heritage Foods, GHCL, ITD cementation, Dhampur Sugar, Dixon Tech, Acrysil Ltd, Adani green, Bajaj Steel, Balaji Amines, BF utilities, Filatex India, Hindustan Urban Infra, Indostar Capital Finance, LG Balakrishnan & Bros, Mafatlal Industries, Matrimony.com, Nitin spinners, Orient paper, Ramco industries, Ramco system, Sanwaria consumer, Siti network, Srikalahasthi pipes, TBZ, Tinplate.

(With inputs from agencies)

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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

Top stocks to watch out for on October 30: Tech Mahindra, HDFC Bank, BPCL

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

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Indian shares are likely to open lower on Tuesday, tracking weak Asian peers amidst renewed worries over global trade after a Bloomberg report that the United States is preparing to announce tariffs on all remaining Chinese imports by early December.

At 07.22 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was down 0.32 percent to 10,243, indicating a negative start for the Indian market today.

Here are the top stocks to watch out for in today’s trade:

• BPCL:  State-run Bharat Petroleum Corporation Limited (BPCL) on Monday posted a 48.3 per cent decline in its net profit to Rs 1,218.71 crore for the second quarter ended September 2018. The company had earned a net profit of Rs 2,357.40 crore in the same quarter a year ago.
• Jet Airways:  The airline said on Monday it is actively engaged in updating partners, including lessors, about steps being taken to improve liquidity. The full-service carrier has been grappling with financial woes and has also delayed payment of salaries.
• Reliance Industries: Reliance took more interest in the country’s retail fuel sector and has opened more than 1,300 service stations. The company’s shares plunged 6.9 percent on the day of the announcement and are down about 20 percent since their record close on Aug. 28. 
• Bharti Airtel: The company, in an exchange filing, said the Airtel Africa IPO preparations are proceeding as per the plan and a new board is in place with new investors’ representatives.
• HDFC Bank: The Reserve Bank of India has given its approval to reappoint Aditya Puri as managing director and chief executive officer of to HDFC Bank till October 2020.
• Allahabad Bank: State-owned Allahabad Bank on Monday raised benchmark lending rate by 5 basis points or 0.05 percent, a move that will make all its loans including home loan costlier.
• Tech Mahindra: Tech Mahindra and Japanese telecom firm Rakuten Mobile Network on Monday said they have entered into an agreement to set up 5G and 4G network labs in Tokyo and Bengaluru.
• Tata Power: Tata Power on Monday said its board has approved plan to raise up to Rs 5,500 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.
• State Bank of India: Country’s largest lender State Bank of India (SBI) and payments solution provider Hitachi Payment Services India Monday entered into an agreement to form a joint venture for establishing a card acceptance and digital payment platform.
• Results on Tuesday: Tech Mahindra, Bank of Baroda, Torrent Power, Chola, CONCOR, IDFC Ltd, Cummin India, Dalmia Bharat, Tata Global Beverages, Pidilite Industries, Ramco cement, IRC infra, Emami Ltd, Teamlease, Symphony Ltd, Blue star, Birla corporation, ABB India, Unichem Lab, Take solutions, Redington Ltd, Prestige estates, Phillips carbon Black, NOCIL, Navkar corp, Navin fluro, Info edge, Motilal oswal financial services, Manpasand Beverages, Bank of Maharashtra, Jindal Stainless (Hisar), JK tyre & industries, Gateway Distriparks, EIH, Dena bank, BASF India, 3M India, Shree renuka Sugars, Talwalkars Better value Fitness, TCI Finance, TD Power, Vakrangee Ltd, Tata teleservices, Welspun enterprises, Alembic Ltd, Bharat Gears, Bhushan Steel, Binani Industries, Borosil Glass works, Eletrosteel Steels, Gujarat Borosil, Hind Rectifiers, JMC Projects, Merck Ltd, National fertilizer, Orient Refractories, Shemaroo Entertainment, Emkay global services, Opto Circuits.

(With inputs from agencies)

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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

Top stocks to watch out for on October 29: Yes Bank, ICICI Bank, BPCL, IL&FS

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

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Indian shares were set to bounce back on Monday after hitting seven-month low in the previous session, but investor sentiment will likely remain fragile on concerns surrounding global growth and corporate earnings.

At 07.10 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was up 0.84 percent to 10,131.50, indicating a moderate start for the Indian market today.

Here are the top stocks to watch out for in today’s trade:

• ICICI Bank: Private sector lender’s second-quarter profit fell 55 percent year-on-year to Rs 908.9 crore on higher gross NPA (non-performing assets) provisioning.
• Yes Bank:  Private lender on Friday said it has shortlisted potential candidate profile to possibly succeed its managing director (MD) and chief executive officer (CEO) Rana Kapoor.
• Jet Airways: The airline has given pink slips to 20 employees, including some senior-level executives, who were working in the airline’s crucial in-flight services department, to curtail costs amid the severe cash crunch, an airline source told PTI said on Friday.
• Dr Reddy’s Labs: Pharma major Dr Reddy’s on Friday reported a rise of 77 percent in its consolidated net profit for the second quarter of 2018-19, at Rs 504 crore from Rs 285 crore during the corresponding period of the previous fiscal.
• Coffee Day: Leading cafe chain, Cafe Coffee Day, aims to have a network of around 2,500 stores in the next 7-8 years as part of its expansion plans, a top company official said.
• Avenue Supermarts: In an interview with CNBC-TV18, CEO Neville Noronha said the company is not looking aggressively to expand the stores in new states. On D-Mart’s philosophy, he said the ethos, the principles, the values of the business hasn’t changed since the very beginning. “Ecommerce is our limitation,” he said.
• Axis Bank, HDFC Bank: Axis Bank on Friday sold 4.95 percent stake in National Securities Depository Limited (NSDL) to its peer HDFC Bank for a consideration of Rs 163.34 crore. Post the sale, Axis Bank would be left with 0.05 per cent holding in NSDL, the lender said in a filing.
• IL&FS: The new board of Infrastructure Leasing & Financial Services (IL&FS) led by Kotak Mahindra Bank vice-chairman Uday Kotak has detected anomalies in governance that may have pushed the company into a financial mess, sources privy to the developments told CNBC-TV18.
• Nestle India: FMCG major Nestle India reported a 29.99 percent increase in net profit to Rs 446.11 crore for the third quarter ended September 2018, supported by broad-based volume growth.
• Results on Monday: BPCL, Colgate Palmolive, LIC Housing Finance, Tata Power, Century Textile, Union Bank, Chennai petroleum corporation, Just dial, Granules India, Gruh finance, Supreme industries, Sundaram Fasteners, Solar Industries, KRBL, SPARC, Carborundum Universal, Finolex Industries, DCM Shriram Ltd, Chambal Fertilizer, Vijaya Bank, Mondanto India, KPR Mills, IFB industries, Mahindra Holidays, Sudarshan Chemcicals, Nikamal Ltd. Meghmnai organics, HSIL Ltd, HDFC AMC, ACE, Hester Biosciences, Deccan Gold mines, Nelcast, Sagar Cements, Steelcast, Thirumalai Chemicals, Transcorp International, Wonderla Holidays, Snowman Logistics.

(With inputs from agencies)

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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

Top stocks to watch out for on October 26: ICICI Bank, Bharti Airtel, Yes Bank, ITC

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

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Indian shares looked set for a tepid start on Friday as Asian peers struggled to recover from previous sessions’ global market rout amid disappointing US earnings.

At 07.16 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was down 0.15 percent to 10,168, indicating a tepid start for the Indian market today.

These are the stocks making the biggest moves premarket today:

• Yes Bank: The lender missed second-quarter profit estimates by a wide berth on Thursday as provisions for bad loans and mark-to-market losses were more than doubled, exacerbating woes at the bank in search of a new CEO.
• JSW Steel:  The company said on Thursday net profit more than doubled in the second quarter, handily beating market estimates on the back of higher steel prices and strong production growth.
• Bharti Airtel: The telco posted a 65.4 percent fall in quarterly profit on Thursday, as it faces pricing pressure amid aggressive competition in the country’s telecom sector.
• Vijaya Bank, Dena Bank and Bank of Baroda: The three public sector banks have asked for a request for proposal (RFP) to appoint valuers for an independent valuation of their banks for the merger, Moneycontrol reported.
• Tata Steel: The company on Thursday indicated that it was unlikely to raise its Rs 17,000-crore bid for debt-ridden Bhushan Power and Steel. Around 90 percent of lenders of Bhushan Power and Steel Ltd (BPSL) has voted in favour of JSW Steel’s bid of more than Rs 19,000 crore, sources told PTI last week.
• IL&FS Transportation Networks Ltd: The group company of crisis-hit IL&FS on Thursday said it proposes to divest its stake in certain road projects to ease liquidity concerns. Besides, the company said former civil servants Vineet Nayyar and CS Rajan have been inducted in the board.
• Piramal Enterprises: The company on Thursday reported a 25 percent year-on-year growth in consolidated net profit at Rs 480 crore for the three months to September, driven by a healthy loan book that clipped at 59 percent.
• Aditya Birla group: Aditya Birla group chairman Kumar Mangalam Birla on Thursday said the conglomerate is looking at a capital investment of $5 billion over the next three years across its businesses both in the home market and abroad.
• Hindalco:  The Odisha government on Thursday cleared the project proposal of Hindalco Industries Ltd worth Rs 5,000 crore. The project is to set up an aluminium flat-rolled product unit of 0.375 MTPA at Sambalpur, The Economic Times reported.
• Results on Friday: ICICI Bank, ITC, Dr Reddy, UPL, Nestle India, BEL, Capital First, Shopper Stop, Atul Ltd, Deepak Nitrite, Coromandel International, Edelweiss Financial services, IOB, Mahindra Lifespaces, PI industries, Supreme Petrochem, Jindal Stainless, Astec Lifesciences, DB Realty, Godawari Power & Ispat, Kolte Patil, Westlife Development Emami Paper Mills, Eros International, Hindustan Media Ventures, Kirloskar Oil engines, Mawana Sugars, Sintex Plastics, Uniphos Enterprises, Shanti gears, Subros, Nuclear software.

(With inputs from agencies)

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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

Top stocks to watch out for on October 25: Interglobe Aviation, Maruti, Yes Bank, Wipro

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

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Indian shares looked set for a gap-down opening on Thursday, tracking selloff in Asian equities after Wall Street wiped out all its gain for the year following disappointing earnings by tech companies.

At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was down 1.16 percent to 10,118.50, indicating a negative start for the Indian market today.

These are the stocks making the biggest moves premarket today:

• Wipro:  IT major Wipro on Wednesday appointed former State Bank of India (SBI) chairman Arundhati Bhattacharya as an independent director of the company beginning January 1, 2019. The company reported a 14 percent decline in consolidated net profit at Rs 1,889 crore for September quarter, mainly on account of higher expenses.
• Interglobe Aviation:  Domestic carrier IndiGo on Wednesday reported a net loss of Rs 652.1 crore for the quarter ended September 30, 2018, due to high fuel cost, rupee depreciation and intense competition. IndiGo had reported a net profit of Rs 551.6 crore for the same period last year.
• IDFC Bank: Private sector IDFC Bank on Wednesday reported a net loss of Rs 369.69 crore for the September quarter due to higher provisioning even as the bank’s bad loans came down.
• Kotak Mahindra Bank: Kotak Mahindra Bank temporarily suspended its digital savings account opening scheme ‘811’ after the Supreme Court verdict on Aadhaar, Moneycontrol reported. The lender reported an in-line performance with reference to balance sheet growth and profit and loss.
• Jet Airways: The airline clarified its cash-strapped situation and has asked banks for a loan rejig. The company, in an exchange filing, said it did not seek any moratorium on any loans or reduction of interest rates from its lenders.
• Tata Steel, Tata Sponge Iron: Tata Steel, in an exchange filing on Wednesday, said its listed subsidiary Tata Sponge will proceed further with the acquisition of the steel business of Usha Martin Limited through a slump sale.
• Vijaya Bank, Dena Bank and Bank of Baroda: The three banks have set up panels to integrate operations and proceed with the PSU merger, Mint reported.
• IIFL: IIFL Finance and JM Financial group companies together bought back around Rs 2,600 crore of commercial papers, The Economic Times reported.
• Bharti Infratel: Telecom tower firm on Bharti Infratel Wednesday reported a 6 per cent decline in profit after tax to Rs 600 crore for the quarter ended September on account of reduction in tenancy. The company had registered a profit after tax of Rs 638 crore in the same period a year ago.
• Results on Thursday: Maruti Suzuki India Ltd, Bharti Airtel, JSW Steel, Yes Bank, Biocon, Piramal Enterprises, BHEL, Shriram Transport, Dish TV, V-Guard, PVR, Kajaria Ceramic, CEAT, OBC, Raymond, Crompton greaves, DB Corp, Force motors, Gujarat Mineral Development, Heidelbergcement, Intellect Design Arena, JM financial, L&T Tech, Quess Corp, SCUF, TATA Coffee, Varun Beverages, Liberty Shoes, Mastek, NIIT Ltd, MBL, Shalby, Shalimar Paints, 63moons tech, HCL Info systems, HIL, Jubliant Industries, Kirloskar Industries & Bro, Kewal Kiral, Kriti Industries, Praj Industries, Punj Lloyd.

(With inputs from agencies)

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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

Top stocks to watch out for on October 17: Infosys, Reliance Industries, JSW Steel

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

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Indian shares looked set for a strong start on Wednesday, in line with gradual recovery seen in Asian equities and upbeat second-quarter earnings report by software major Infosys.

At 06.52 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was up 1.06 percent to 10,697, indicating a positive opening for the Indian market today.

Here are the top stocks to watch out for today:

• Infosys: India’s second largest IT services firm, Infosys, on Tuesday reported a 10.3 percent growth in consolidated net profit at Rs 4,110 crore for the quarter ended on September 30, 2018.
• Reliance Industries: The company will report its second-quarter earnings on Wednesday.
• JSW Steel: The company emerged as the highest bidder for the debt-laden Bhushan Power. It has taken a lead in the race by securing 66.6 percent of the lenders’ vote, said sources familiar with the matter.
• ONGC: The Congress on Tuesday demanded a court-monitored probe by experts to look into the affairs of ONGC in the past 52 months as it alleged a “systematic and calibrated” attempt by the government to destroy the country’s public sector.
• L&T: Engineering and construction major Larsen & Toubro, which is majority owned by its employees, is the only domestic firm to be featured among the top 25 companies in the Forbes’ global 2000 best employers list that is led by Google parent Alphabet.
• IIFL Holdings: IIFL Holdings announced on Tuesday that its subsidiary IIFL Home Finance has raised Rs 1,000 crore from the National Housing Bank (NHB).
• IL&FS: Crippled IL&FS group faced on Tuesday more embarrassments after India Ratings downgraded its various mutual fund schemes and placed them on a rating watch negative (RWN).
• Jet Airways:  Jet Airways is offering its flight attendants leave up to 50 days without pay, Moneycontrol reported.
• Hero MotorCorp: Country’s largest two-wheeler maker, Hero MotoCorp, on Tuesday posted a 3 percent decline in net profit to Rs 980 crore for the second quarter ended September 30, 2018.
• Tata Motors: The auto company has made a separate division to explore methods to tap its passenger and commercial vehicles range, Mint reported.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know. 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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

Top stocks to watch out for on October 16: Infosys, RIL, Hero MotoCorp, PNB

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

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Indian shares looked set for a positive start on Tuesday, in line with modest recovery seen in Asian equities, although increasing tensions between Saudi Arabia and the West coupled with higher crude oil prices are likely to limit gains.

At 07.15 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was up 0.17 percent to 10,536, indicating a mildly positive opening for the Indian market today.

Here are the top stocks to watch out for today:

• Reliance Industries: British oil major BP is in talks with Reliance Industries Ltd (RIL) to enter retail fuel business in five years, said CEO Bob Dudley.
• Infosys, Hero MotoCorp: The two companies will declare their second quarter results on Tuesday.
• Allahabad Bank: Government’s stake in the Allahabad Bank has increased by 7.6 percent post allotment of equity shares on preferential basis, the state-owned lender said on Monday.
• Punjab National Bank: The country’s second largest public sector lender Punjab National Bank (PNB) has identified various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal.
• Indiabulls Housing Finance: Indiabulls Housing Finance (IBHFL) Monday reported a profit of Rs 1,044.1 crore for the second quarter of the current fiscal, up 21.2 per cent over the year-ago period.
• Oil companies: Prime Minister Narendra Modi appealed to oil producing countries to channel their investible surplus to pursue commercial exploitation in oil sector in the developing countries.
• IL&FS: India’s ailing Infrastructure Leasing & Financial Services Ltd (IL&FS) said on Monday the country’s appellate company law tribunal has passed an interim order granting a moratorium on all creditor actions against the company and its group firms.
• DHFL: DHFL is planning to divest some of its stake in Aadhaar and Avanse and the chief added that regulators will have to sit with mutual funds and ensure the system is unclogged.
• PSU Banks: State-run banks are likely to write to the finance ministry on cross-selling commissions over selling products like insurance and mutual funds. The government had expressed concerns to the banks over this issue.

(With inputs from PTI)

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know. 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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

Top stocks to watch out for on October 15: HUL, Liquor stocks, IndusInd Bank, IL&FS

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

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Indian shares are likely to open lower on Monday, tracking weak Asian equities as worries over Sino-US trade disputes and higher US borrowing costs are likely to weigh on investors’ sentiment.

At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was down 0.14 percent to 10,464, indicating a weak opening for the Indian market today.

Here are the top stocks to watch out for today:

• HUL: The consumption bell-weather Hindustan Unilever reported its Q2FY19 results on Friday post-market close. For the quarter ended September 30th 2018, the company reported 10 percent domestic volume growth beating analyst expectations of 8-9 percent.
• Sun Pharma: Assam government on Saturday said Sun Pharma will invest an additional Rs 200 crore at its plant in the state to augment operations.
• Liquor stocks: The Maharashtra government has decided to allow online sale and home delivery of liquor in the state, saying it could curb the cases of drunken driving. The potential move could boost liquor stocks such as Pincon Spirit, Jagatjit Industries, United Spirits and G M Breweries.
• Auto companies: Unfavorable base effect, along with high fuel and interest costs dented the sales of domestic passenger vehicles in September 2018, Society of Indian Automobile Manufacturers (SIAM) data showed on Friday.
• IL&FS: As the government plans to resurrect the beleaguered Infrastructure Leasing & Financial Services (IL&FS), its newly-appointed board has made “considerable progress on resolving the crisis,” said a source familiar with the matter.
• Indiabulls Housing Finance: The company will report its second quarter of the financial year on Monday.
• NALCO: The company board proposed a buyback of 67.3 crore shares, that is  3.48 percent, at Rs75 each,  amounting to Rs 504 crore.
• Infosys:  India’s second largest IT services firm Infosys on Saturday said it has completed the acquisition of Finland-based company Fluido.
• AU Small Finance Bank:  The bank on Saturday reported about 40 per cent rise in net profit at Rs 91.41 crore for the second quarter of 2018-19. The bank had reported a net profit of Rs 68.24 crore in the July-September period of 2017-18.
• IndusInd Bank: The bank will report its second quarter results on Monday.
• Oil companies: Indian Oil Corporation (IOC), Oil and Natural Gas Corp (ONGC) and Oil India are likely to soon consider buying back their shares worth Rs 10,000 crore amid pressure from the government, The Economic Times reported.
• JSW Energy: As uncertainties loom over the solar power sector, mainly on the policy front, the Sajjan Jindal-led JSW Energy has put its ambitious expansions plans in the segment on the backburner.

(With inputs from PTI)

Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know. 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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

Top stocks to watch out for on October 12: TCS, HUL, Yes Bank, IL&FS

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

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Indian equity market looked set for a mildly positive start on Friday after the benchmark index Sensex erased all gains of 2018 in the previous session following a selloff in global stocks.

At 07.15 AM, SGX Nifty, an early indicator of the Nifty 50’s trend in India, was up 0.25 percent to 10,307, indicating a positive opening for the Indian market today.

Here are the top stocks to watch out for today:

• Tata Consultancy Services (TCS): The company on Thursday reported a net profit of Rs 7,901 crore in the second quarter of this fiscal helped by strong growth in its banking, financial services and insurance and retail segments.
• Hindustan Unilever Ltd (HUL): The company will report its second quarter results on Friday.
• Life Insurance Corporation (LIC), IDBI Bank: LIC’s open offer to purchase shares from the minority shareholders of IDBI Bank will kick-start from December 3, IDBI Bank said on Thursday. The open offer, at Rs 61.73 per equity share, will close on December 14.
•  IL&FS: Recent defaults by Infrastructure Leasing and Financial Services (IL&FS) have highlighted the continuity risks of the country’s asset-backed security (ABS) servicers, Fitch said in its report on Thursday.
• JSW Energy: Billionaire Sajjan Jindal’s JSW Energy is no longer interested in acquiring bankrupt Monnet Power, a senior company executive told CNBC-TV18 on Thursday.
• Yes Bank: Yes Bank on Thursday appointed US-based headhunter Korn Ferry to assist an expert panel searching for a successor to outgoing MD and CEO Rana Kapoor.
• Bank of India: State-run Bank of India on Thursday said it has increased its marginal cost of funds based lending rate (MCLR) by 0.05 percent for overnight and one month tenure, effective October 10.
• Bank of Baroda: The bank in an exchange filing said it extended the term of PS Jayakumar, the managing director and chief executive officer, by a year.
• Indian Oil Corporation (IOC): State-owned Indian Oil Corp (IOC) on Thursday said it will invest Rs 5,463 crore in setting up city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.
• GMR Infrastructure: GMR Infrastructure on Thursday said its arm Kakinada SEZ has inked a pact with Andhra Pradesh Gas Development Corporation (APGDC) for supply of piped natural gas.

(With inputs from PTI)

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