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CNBC-TV18's top stocks to watch out for on January 11

Updated : 2021-01-11 07:31:34

The Indian market is likely to open higher on Monday following gains in Asian peers amid positive global cues. At 7:00 am, the SGX Nifty was trading 99.50 points or 0.69 percent higher at 14,476.00, indicating a positive start for the Sensex and Nifty50.

 Tata Consultancy Services  | The IT major reported a 7.2 percent rise in profit at Rs 8,701 crore against Rs 8,118 crore, revenue rose 4.7 percent to Rs 42,015 crore from Rs 40,135 crore QoQ.
Tata Consultancy Services | The IT major reported a 7.2 percent rise in profit at Rs 8,701 crore against Rs 8,118 crore, revenue rose 4.7 percent to Rs 42,015 crore from Rs 40,135 crore QoQ.
 Vedanta  | The promoters of the company announced an open offer to acquire 37.2 crore equity shares, representing 10 percent equity stake in the company, at Rs 160 per share. The offer is made at a 12 percent discount to Friday’s closing price.
Vedanta | The promoters of the company announced an open offer to acquire 37.2 crore equity shares, representing 10 percent equity stake in the company, at Rs 160 per share. The offer is made at a 12 percent discount to Friday’s closing price.
 Tata Steel  | The company's India business production in Q3FY21 increased 0.2 percent QoQ and 2.9 percent YoY to 4.6 mt, but deliveries fell 7.7 percent QoQ and were down 3.9 percent YoY to 4.66 mt. (Image: Reuters)
Tata Steel | The company's India business production in Q3FY21 increased 0.2 percent QoQ and 2.9 percent YoY to 4.6 mt, but deliveries fell 7.7 percent QoQ and were down 3.9 percent YoY to 4.66 mt. (Image: Reuters)
 HDFC Bank  | ICICI Prudential Life held 1.23 percent stake in the company in the September quarter but its name did not appear in the December quarter shareholding.
HDFC Bank | ICICI Prudential Life held 1.23 percent stake in the company in the September quarter but its name did not appear in the December quarter shareholding.
 Bharti Airtel  | The company has announced the appointment of Pradipt Kapoor as its Chief Information Officer (CIO).
Bharti Airtel | The company has announced the appointment of Pradipt Kapoor as its Chief Information Officer (CIO).
 SAIL  | The company’s crude steel output in Q3FY21 rose 9 percent to 4.37 million tonnes (MT) from 4 MT, YoY. Its total sales were up about 6 percent at 4.32 MT from 4.09 MT, YoY.
SAIL | The company’s crude steel output in Q3FY21 rose 9 percent to 4.37 million tonnes (MT) from 4 MT, YoY. Its total sales were up about 6 percent at 4.32 MT from 4.09 MT, YoY.
 Avenue Supermarts  | The company reported a rise of 16.4 percent in its consolidated net profit at Rs 446.95 crore in Q3FY21 as against Rs 384.01 crore, YoY. Revenue from operations increased 10.77 percent to Rs 7,542 crore from Rs 6,808.93 crore, YoY.
Avenue Supermarts | The company reported a rise of 16.4 percent in its consolidated net profit at Rs 446.95 crore in Q3FY21 as against Rs 384.01 crore, YoY. Revenue from operations increased 10.77 percent to Rs 7,542 crore from Rs 6,808.93 crore, YoY.
 Cipla  | The company is recalling over 5.8 lakh packets of gastric ulcer treatment drug from the US market.
Cipla | The company is recalling over 5.8 lakh packets of gastric ulcer treatment drug from the US market.
 PVR  | Foreign portfolio investors raised stake in the company to 38.5 percent in the December quarter from 34.6 percent in the previous quarter.
PVR | Foreign portfolio investors raised stake in the company to 38.5 percent in the December quarter from 34.6 percent in the previous quarter.
 Union Bank of India  | The bank has reduced Marginal Cost of Funds-based Lending rate (MCLR) by 15 basis points and 5 basis points in the overnight and 1 Month tenor, respectively. Overnight MCLR now stands at 6.60 percent, down from 6.75% and 1 Month MCLR now stands at 6.70 percent, down from 6.75 percent. Revised MCLR will be effective from Jan 11, 2021.
Union Bank of India | The bank has reduced Marginal Cost of Funds-based Lending rate (MCLR) by 15 basis points and 5 basis points in the overnight and 1 Month tenor, respectively. Overnight MCLR now stands at 6.60 percent, down from 6.75% and 1 Month MCLR now stands at 6.70 percent, down from 6.75 percent. Revised MCLR will be effective from Jan 11, 2021.
 Prestige Estates Projects, DB Realty  | DB Realty acquired a 49 percent equity stake and Prestige Estates Projects a 50 percent stake in Pandora Projects.
Prestige Estates Projects, DB Realty | DB Realty acquired a 49 percent equity stake and Prestige Estates Projects a 50 percent stake in Pandora Projects.
 NHPC  | The company has signed an agreement with the Indian Renewable Energy Development Agency (IREDA) for assistance in setting up renewable energy (RE) projects.
NHPC | The company has signed an agreement with the Indian Renewable Energy Development Agency (IREDA) for assistance in setting up renewable energy (RE) projects.
 Mishra Dhatu Nigam  |  HDFC AMC increased stake in the company to 9.13 percent from 7.10 percent via open market transaction.
Mishra Dhatu Nigam |  HDFC AMC increased stake in the company to 9.13 percent from 7.10 percent via open market transaction.
 Reliance Infrastructure  | The company has completed the sale of its entire 74 percent stake in PKTCL to India Grid Trust for Rs 900 crore. The proceeds will be utilised for debt reduction, and the company's dues will come down by 6 percent to Rs 13,100 crore from Rs 14,000 crore.
Reliance Infrastructure | The company has completed the sale of its entire 74 percent stake in PKTCL to India Grid Trust for Rs 900 crore. The proceeds will be utilised for debt reduction, and the company's dues will come down by 6 percent to Rs 13,100 crore from Rs 14,000 crore.
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