Infosys, Fortis Healthcare and HCL Technologies among top stocks to track today
NEW DELHI: Domestic stocks are likely to open on a positive note on Friday, tracking Asian markets and Nifty futures on Singapore Stock Exchange (SGX). At 08:12 am, the Nifty futures of SGX traded 25.50 points or 0.23 per cent higher at 11,048.50.
Here is a list of top stocks that are likely to be in focus in today's trading session –
Infosys: The IT major is slated to declare its June quarter results today. Brokerage firm Phillip Capital expects it to maintain revenue growth guidance for FY19 at 6-8 per cent constant currency growth, with a brighter outlook. Kotak Institutional Equities estimates 6.4 per cent annual growth in PAT.
Fortis Healthcare: According to an ETNOW report, the hospital chain has approved binding investment offer from IHH for equity infusion of Rs 4,000 crore.
HCL Technologies: The company's board on Thursday approved a share buyback of up to Rs 4,000 crore at Rs 1,100 apiece.
Avanti Feeds: Thai Union Group has assured continuity of investment in Avanti Feeds.
Allahabad Bank: The state-run bank on Thursday said it was mulling to off-load non-core assets like shareholding in various joint ventures and sell immovable properties to shore up its capital base.
HIL: HIL has agreed to acquire German building materials maker Parador Holding GmbH in a bid to gain entry into the European market and expand its product portfolio.
HUDCO: It sanctioned cumulative loans of Rs 4,072 crore as on June 30.
Cyient: The IT firm's Q1 net dipped 6 per cent to Rs 82 crore. Revenues from operations was up by 19 per cent at Rs 1,080 crore during the quarter under review.
Vakrangee: It has entered an alliance with Reliance Nippon Life Asset Management, which shall offer distribution of mutual fund products to the citizens on PAN India basis.
Earnings today: 3i Infotech, Bajaj Corp are expected to release their Q1 results today.