The Indian market is likely to open on a flat note following a mixed trend among global competitors. cncbctv18.com reported that at 7:00 am, the SGX Nifty was trading 26.00 points or 0.16 per cent lower at 15,862.50, indicating a flat-to-negative start for the broader index in India.
Top stocks to watch for the day:
Tata Consultancy Services: The IT giant will announce its June quarter earnings session (Q1FY22) on Thursday. Dollar revenue growth of 3.6 percent and constant currency revenue growth of 3.3 percent is expected during the first quarter of fiscal year 2012.
Bajaj Healthcare: The company has received a license from the Defense Research and Development Organization (DRDO) for the manufacture and marketing of “2-Deoxy-D-Glucose” (2-DG) to be used in the control and treatment of COVID-19 .
PNB Housing Finance: Promoter Punjab National Bank (PNB) has asked the company to consider restructuring its fund raising plan. The proposed Rs 4,000-crore capital investment deal is being led by US-based Carlyle Group.
Hindustan Oil Exploration: HDFC sold 2.46 per cent equity stake in the company for Rs 37.2 crore, thus, reducing the shareholding to 8.75 per cent from the earlier 11.21 per cent.
REC Ltd.: The company has raised USD 400 million (approximately Rs 2,986 crore) by issuing bonds to finance the power sector. The bonds will be issued under the company’s existing USD 7 billion Global Medium Term Note Program.
KPR Mills: The company’s board will consider a stock split on July 27.
Piramal Enterprises: The company’s board will consider the issue of non-convertible debentures (NCDs) worth Rs 200 crore on private placement basis on July 12.
Zee Entertainment Enterprises: The company has received government nod to sell its digital publishing business division to RapidCube Technologies.
RailTel Corporation of India: The company has received a work order of Rs 23.43 crore from Sagar Cable Network.
Zuari Global: The company has acquired 13.19 per cent shares in Fort Furniture Products India from the company’s subsidiary Indian Furniture Products (IFPL).
Angel Broking: ICICI Prudential Asset Management Company sold 0.09 per cent equity stake in the company through an open market sale on July 5. Thus, reducing the shareholding from 3.11 per cent to 3.03 per cent.
Garware Hi-Tech Films: Rating agency CARE has upgraded its rating and outlook on the company’s banking facilities from A/positive to A+/stable.
Earnings: Gammon Infrastructure Projects, Tata Consultancy Services and Shyam Metallics & Energy among others will release their quarterly earnings on July 8.
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