Top stocks to watch — Infosys, RIL, SBI, ICICI Bank, HDFC Bank, NMDC, Jubilant Foodworks, and others

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Top stocks to watch — Infosys, RIL, SBI, ICICI Bank, HDFC Bank, NMDC, Jubilant Foodworks, and others
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Amidst mixed cues from the global markets, the Indian equities are likely to open flat on Thursday. In the Asian market, the SGX Nifty was trading 0.19% higher at 7:49 am, indicating a green start for Nifty50.

However, the US stocks ended lower on Wednesday as hopes of a US coronavirus stimulus deal waned. The Dow Jones Industrial Average slid 165.81 points, whereas the S&P 500 fell 0.66%.

These are the stocks to watch out for during the trading session on October 15:

Infosys

Indian IT giant Infosys has reported a stellar quarter led by record deal wins, and it has also raised the FY21 guidance. The company also gave its employees 100% variable pay over the last three months and restarted the promotion process for junior-level employees.

The shares of Infosys ended 1.71% lower yesterday.

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SBI, ICICI Bank, HDFC Bank, and others

Bank stocks will be in focus today after the Supreme Court adjourned the hearing on the ‘interest-on-interest’ waiver case on loan moratoriums to November 2. It has asked the Centre and banks to flesh out the details on implementation of the waiver.

National Mineral Development Corporation (NMDC)

The government on Wednesday, during the cabinet meeting, approved demerger of the under-construction Nagarnar steel plant (NSP) from NMDC and its strategic disinvestment by selling the entire stake of the Centre to a strategic buyer.

“Shareholders of NMDC will also be shareholders of the demerged company (NSP) in the proportion of their shareholding. The investors will have better visibility of the operations and cash flow of NMDC and NSP separately,” the official statement said.

The shares of NMDC ended 0.88% higher yesterday.

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Reliance Industries

The Mukesh Ambani owned Reliance Industries’ retail arm Reliance Retail Ventures has received the subscription amount of ₹5,550 crore from KKR as per their earlier agreement.

The shares of RIL ended 0.10% higher yesterday.

PVR and Inox Leisure

PVR and Inox Leisure share will also be in focus during the trade today. As per the MHA guidelines cinema halls are set to reopen in the different parts of the country adhering to the social distancing norms.

The shares of PVR and Inox Leisure ended nearly a percent higher yesterday.
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United Spirits

The Indian alcoholic beverages company United Spirits has entered into a definitive agreement to sell its entire shareholding in its non-operative subsidiary - Tern Distilleries Private Limited for ₹30 crore.

The shares of United Spirits ended 0.62% lower yesterday.

Indiabulls Housing Finance

The National Housing Bank has levied a penalty of ₹3.5 lakh on Indiabulls Housing Finance for non-disclosure of related party transactions

The shares of Indiabulls Housing Finance ended 7% higher yesterday.
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Tata Steel BSL

Tata Steel BSL reported a consolidated net profit at ₹341.7 crore for the quarter ending September 30 compared to the loss of ₹244 crore during the same period last year. The revenue increased by 21.1% to ₹5,519.4 crore.

The shares of Tata Steel BSL ended 5% higher yesterday.

Jubilant Foodworks

FPIs raised stake in the Indian parent company of pizza maker Jubilant Foodworks to 37.86% in September, up from 36.19% in the June quarter.

The shares of Jubilant Foodworks ended 1.81% higher yesterday.
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Likhitha Infrastructure

The shares of oil and gas pipeline infrastructure service provider, Likhitha Infrastructure will list on the bourses today.

SEE ALSO: Infosys to reinstate wage hikes, promotions and hiring — will impact margins over the next six months

Likhitha Infrastructure trades at 13% grey market premium ahead of listing today

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