TCS, Axis Bank and Bharti Airtel among top stocks to track today
NEW DELHI: Weak global cues and Nifty futures on Singapore Stock Exchange (SGX) signal a negative opening for domestic stocks on Wednesday. At 08:12 am, the Nifty futures on SGX traded 23 points or 0.21 per cent lower at 10,935.
Here is a list of stocks that are likely to be in focus in today's trading session:
TCS: The IT major on Tuesday reported a 23.46 per cent year-on-year (YoY) growth in consolidated profit for June quarter at Rs 7,340 crore. Sales for the quarter under review rose 16 per cent.
Axis Bank: The bank's board has shortlisted three candidates for the post of CEO in an order of preference for approval from the Reserve Bank of India (RBI), the bank said in a notice to the stock exchanges.
KEC International: It has secured new orders worth Rs 1,357 crore. The company secured orders worth Rs 1,234 crore under transmission and distribution segment and bagged orders worth Rs 123 crore under cables business.
Glenmark Pharmaceuticals: The pharma company has expanded its oncology franchise in India with the launch of Helsinn’s Akynzeo, a combination drug for the prevention of chemotherapy-induced nausea and vomiting (CINV).
MCX: According to a report by ET, MCX and NSE are in talks to team up for bigger exchange play.
Tata Motors: Tata Motors said on Tuesday it has bought 26 per cent stake in TruckEasy, a tech-based freight aggregator, marking its first investment in a startup. It did not disclose the deal value.
Vedanta: Vedanta may partner Anglo American to bid for coal mines in India.
PNB, PNB Housing Finance: According to reports, PNB and Carlyle Group will offload 51 per cent stake in PNB Housing Finance.
Bharti Airtel: The telecom major plans to raise about $1 billion (Rs 6,900 crore) through overseas loans as it aims to refinance its high-cost debt.
Kridhan Infra: The company's unit Vijay Nirman Company has won new orders worth Rs 74.20 crore.
KIC Metaliks: The board of KIC Metaliks will consider proposal for sub-division of Equity shares on July 27.
Capital First: The company raised Rs 50 crore by issue of NCD's on private placement basis.
ONGC: CLSA has a ‘buy’ rating on ONGC with a target price of Rs 240. A clear formula may add $19 billion-$20 billion to ONGC’s market capitalisation, it said.
Mahindra & Mahindra: HSBC has maintained ‘buy’ rating on Mahindra & Mahindra and raised target price to Rs 1,020 from Rs 950.
Here is a list of stocks that are likely to be in focus in today's trading session:
TCS: The IT major on Tuesday reported a 23.46 per cent year-on-year (YoY) growth in consolidated profit for June quarter at Rs 7,340 crore. Sales for the quarter under review rose 16 per cent.
Axis Bank: The bank's board has shortlisted three candidates for the post of CEO in an order of preference for approval from the Reserve Bank of India (RBI), the bank said in a notice to the stock exchanges.
KEC International: It has secured new orders worth Rs 1,357 crore. The company secured orders worth Rs 1,234 crore under transmission and distribution segment and bagged orders worth Rs 123 crore under cables business.
Glenmark Pharmaceuticals: The pharma company has expanded its oncology franchise in India with the launch of Helsinn’s Akynzeo, a combination drug for the prevention of chemotherapy-induced nausea and vomiting (CINV).
MCX: According to a report by ET, MCX and NSE are in talks to team up for bigger exchange play.
Tata Motors: Tata Motors said on Tuesday it has bought 26 per cent stake in TruckEasy, a tech-based freight aggregator, marking its first investment in a startup. It did not disclose the deal value.
Vedanta: Vedanta may partner Anglo American to bid for coal mines in India.
PNB, PNB Housing Finance: According to reports, PNB and Carlyle Group will offload 51 per cent stake in PNB Housing Finance.
Bharti Airtel: The telecom major plans to raise about $1 billion (Rs 6,900 crore) through overseas loans as it aims to refinance its high-cost debt.
Kridhan Infra: The company's unit Vijay Nirman Company has won new orders worth Rs 74.20 crore.
KIC Metaliks: The board of KIC Metaliks will consider proposal for sub-division of Equity shares on July 27.
Capital First: The company raised Rs 50 crore by issue of NCD's on private placement basis.
ONGC: CLSA has a ‘buy’ rating on ONGC with a target price of Rs 240. A clear formula may add $19 billion-$20 billion to ONGC’s market capitalisation, it said.
Mahindra & Mahindra: HSBC has maintained ‘buy’ rating on Mahindra & Mahindra and raised target price to Rs 1,020 from Rs 950.