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    Stocks to watch on July 12: Infosys, HCL Technologies, Dr Reddy's Labs

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    Stocks to watch on July 12: Infosys, HCL Technologies, Dr Reddy's Labs

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    After TCS's stellar performance, which came on the back of the company beating estimates on Q1 results, investor sentiment remains upbeat on IT stocks. 

    Indian markets are set for a flat to positive opening on Thursday on mixed global cues amid escalating US China trade war.
    On Wednesday, the 30-share Sensex closed at 36,265.93, up 0.07 percent while the Nifty settled at 10,948.30, gaining 0.01 per cent. The rupee ended at 68.77 a dollar, up 0.04 percent from its previous close of 68.82.
    Here are the top stocks to watch out for today:
    Bharti Infratel:
    Telecom tower operator Bharti Infratel Ltd’s shares gained as much as 4.55 percent on Wednesday, their biggest intraday gain since March 20.  Stock’s wave pattern suggests it has completed a five-wave downtrend and is in wave ‘A’ of a three wave correction of the downtrend, according to Reuters.
    Dr Reddy's Labs: The pharma company announced the launch of hydroxychloroquine sulphate in US. Hydroxychloroquine sulphate has US sales of approximately $215 million.
    Tata Power: The Tata group company has bagged 250 MW solar power project in Karnataka.
    Alembic Pharma: The company has got tentative US FDA nod for Forlloperidone tablets (1-12 mg).
    HCL Tech: The software company's board is going to consider a proposal to buyback equity shares on Thursday.
    Karnataka Bank, Cyient, Talwalkars Lifestyle: The companies will declare their Q1 results on Thursday.
    Ashok Leyland: The automobile company is set to launch a strategic new customer initiative on Thursday.
    IT shares: After TCS's stellar performance which came on the back of the company beating estimates on Q1 results, investor sentiment remains upbeat on IT stocks.
    Infosys: The software maker will announce its June quarter results on July 13.
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