Amidst mixed cues from the global markets, the Indian stock market is likely to open with a negative bias on Tuesday. The SGX Nifty was trading 0.04% lower at 7:51 am, indicating a flat start for Nifty50.
Whereas, the US stocks ended the Monday higher as the tech stocks rallied amid the stimulus hopes. The Dow Jones Industrial Average closed 250.62 points higher; whereas the S&P 500 was up over 1.6%.
These are the stocks to watch out for during the trading session on October 13:
Lakshmi Vilas Bank
The private lender Lakshmi Vilas Bank (LVB) informed stock-exchanges that its board would meet on October 15 to consider a rights issue to raise capital up to ₹1,000 crore.
The shares of Lakshmi Vilas Bank closed 5% lower yesterday.
Reliance Industries The Mukesh-Ambani owned Reliance Jio became the first telecom company in India to cross 40 crore customers mark with the net addition of over 35 lakh subscribers in July, according to the telecom regulator TRAI data released on October 12.
The shares of RIL closed 0.11% higher yesterday.
Airtel and Vodafone The stocks of other telecom giants Airtel and Vodafone, will also remain in focus. As per the TRAI data, Vodafone Idea lost 3.7 million users, and Bharti Airtel added over 3.26 million wireless subscribers in July.
The shares of Airtel and Vodafone closed nearly 3% lower yesterday.
InfosysThe IT giant Infosys has completed the acquisition of a US-based product design and development firm Kaleidoscope Innovation for about ₹308 crore. The company will also be posting its quarterly earnings tomorrow.
The shares of Infosys closed 2.93% higher yesterday.
SRF Limited
The fluorochemicals, speciality chemicals manufacturing company SRF has set the floor price of its qualified institutional placement (QIP) at ₹4,168.73 per share.
The shares of SRF Limited closed 2.67% higher yesterday.
Shalby
Multispeciality hospital chain Shalby reported a consolidated net profit of ₹24.5 crore in the second quarter ended September 30 compared to ₹12.9 crore year-on-year. However, the company’s overall revenue fell to ₹115.6 crore from ₹125.7 crore at the same time last year.
The shares of Shalby closed 4% higher yesterday.
Cipla
The drug major Cipla said the company’s step-down associate firm Avenue Therapeutics Inc had received a complete response letter (CRL) from the US health regulator for its new drug application for intravenous tramadol.
The letter stated that IV tramadol intended to treat patients in acute pain who require an opioid is not safe for the intended patient population.
The shares of Cipla closed 1.81% higher yesterday.
Wipro The tech giant Wipro is slated to announce its earnings for the second quarter ended September 30.
The shares of Wipro closed 1.47% higher yesterday.
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