Top stocks to watch — Pfizer, HDFC, TCS, HFCL, Inox Leisure, M&M, GAIL India, Oil India and others

Top stocks to watch — Pfizer, HDFC, TCS, HFCL, Inox Leisure, M&M, GAIL India, Oil India and others
BCCL
Despite positive cues from the western markets, the Indian equities may open on a cautious note on Tuesday. The SGX Nifty was trading 0.67% lower at 7:45 am, indicating a subdued start for Nifty50.

However, the U.S. stock markets soared on Monday, the progress in the development of a COVID-19 vaccine was all that investors needed to hear to help propel stocks to hit new heights. The Dow Jones Industrial Average closed 835 points higher after hitting an intraday record on Pfizer vaccine news, and the S&P 500 gained 1.17%.

These are the stocks to watch out for during the trading session on November 10:

Pfizer Limited

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Pfizer says an early peek at its vaccine data suggests that its shots prevented more than 90% of symptomatic infection, indicating the company is on track later this month to file an emergency use application with U.S. regulators.

The shares of Pfizer Limited ended 0.19% higher on Monday.

HDFC

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Mortgage lender HDFC has reduced its retail prime lending rate (RPLR) on housing loans by 10 basis points (0.10%). The change will benefit all existing HDFC retail home loan customers, it added.

The shares of HDFC ended 0.82% higher on Monday.

HFCL

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HFCL has received a letter of award worth ₹678.50 crore from L&T for the supply of I.T. equipment, software solutions and associated equipment. The project is expected to be completed by April next year.

The shares of HFCL ended flat on Monday.

Tata Consultancy Services

Tata Consultancy Services (TCS) and Deutsche Bank AG announced an agreement, under which TCS will acquire 100% shares of Postbank Systems AG (PBS) from the latter.
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PBS is the full-range captive I.T. service provider that provides project management, application management and infrastructure support services to Postbank and other subsidiaries of Deutsche Bank. PBS has around 1,500 employees and they will become a part of TCS after acquisition.

The shares of Tata Consultancy Services ended 0.69% higher on Monday.

Engineers India

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Engineers India board is slated to meet on November 12 to consider buyback of equity shares.

The shares of Engineers India ended 0.59% lower on Monday.

Inox Leisure

The cinema giant Inox Leisure has launched qualified institutional placement (QIP) at ₹263.1 per share. The floor price is set at a 1.42% discount to Monday’s closing price.
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The shares of Inox Leisure ended 0.53% higher on Monday.

Oil India

State-owned oil and gas explorer Oil India Ltd (OIL) on Monday reported a net profit of ₹238.95 crore during the second quarter compared to a net loss of ₹248.61 crore during the sequential quarter. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin reduced to 37.21% in Q2 from 43.39% in the same quarter last year.

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The shares of Oil India ended 0.69% higher on Monday.

GAIL India, Mahindra & Mahindra, Hindalco Industries, Tata Power and GMR Infrastructure

GAIL India, Mahindra & Mahindra, Hindalco Industries, Tata Power and GMR Infrastructure are the companies among others that are slated to report their quarterly earnings today.

SEE ALSO: Pfizer’s COVID-19 vaccine is 90% effective in preventing coronavirus in those who haven’t been infected ever before, shows data from latest trials

Strong tractor sales may cushion M&M’s revenue but profit is likely to remain under pressure, say analysts
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