Indian shares are likely to open higher on Monday, tracking gains in Asian equities following favorable US jobs data.
The SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, was up 0.48 percent at 10,818 as of 0718 IST. On Friday, the 50-share Nifty advanced 23 points to close at 10,773, while the Sensex rose 83 points to end at 35,658.
Here are the top stocks to watch out for in Monday's trade:
Dish TV and Uttam Galva Steels:
Both the companies will declare its first quarter results later in the day.
Fortis Healthcare: Malaysia’s IHH Healthcare Bhd is likely to acquire control of Fortis Healthcare with a binding offer to buy at least 51 percent for Rs 4,700-5,400 crore, Mint reported.
Varroc Engineering: The company’s shares made a firm debut on Friday, listing at Rs 1,015, gaining nearly 5 percent against the issue price of Rs 967. Shares of the auto component maker closed at Rs 1,037.35 each on the NSE, up 7.28 percent from its issue price of Rs 967.
Tata Group shares: The Mumbai bench of the National Company Law Tribunal will pronounce its judgment on Cyrus Mistry-Tata Sons case on Monday.
IT, energy stocks: The Indian rupee may go past 70 per US dollar this week, news wire PTI reported. The report added that a strengthening US dollar, lack of foreign investment and concerns over rising crude oil prices are likely to keep the rupee under pressure this week.
Jaiprakash Associates: The crisis-hit JP Associates has bagged a Rs 2,850-crore contract from Chenab Valley Power Projects to construct diversion tunnel and concrete face dam for a hydro-electric project in Jammu and Kashmir, taking its order book to about Rs 14,000 crore, PTI reported.
ONGC: State-owned Oil and Natural Gas Corp has pushed back the start of natural gas production from its biggest project in KG basin to December 2019 as it reworked the $5.07 billion development to accommodate new policies like GST and local purchase preference rules.
Bank of Baroda: The state-owned bank is in the process of selling its domestic loan exposure in Essar Steel Ltd worth Rs 1,200 crore to Hong Kong-based loan and bond trading firm SC Lowy, Mint reported.
Cadila: Zydus has received tentative approval from US Food & Drug Administration for Deferasirox tablets for oral suspension, Moneycontrol reported.
Reliance Industries: Reliance Industries plans to ship aviation turbine fuel from its Jamnagar refinery to the Pirpau Jetty in Trombay, and then use the pipelines of Indian Oil and others to transport the fuel to Mumbai airport, Mint reported.
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