Motilal Oswal
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Motilal Oswal
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Top stocks to watch out for on July 11: IndiGo, DHFL, HDFC

Updated : 2019-07-11 07:34:42

Indian shares are likely to open higher on Thursday, tracking gains in Asia, after US Federal Reserve chair Jerome Powell reinforced prospects of a US interest rate cut later this month. At 7.10 AM, the SGX Nifty futures traded 0.30 percent up, pointing to a higher start for the Sensex and the Nifty 50. On Wednesday, the Sensex ended 174 points lower while the Nifty closed below 11,500 for the first time since May 17, dragged mainly by auto, metal and PSU Bank stocks. Here are the top stocks to watch out for today:

InterGlobe Aviation: InterGlobe Enterprises clarified that the related party transactions (RPTs) it entered with group entities — a sore point in the acrimonious spat between IndiGo co-founders Rahul Bhatia and Rakesh Gangwal — are public and only a fraction of the total revenues of the airline’s holding company.  (Image: PTI/)
InterGlobe Aviation: InterGlobe Enterprises clarified that the related party transactions (RPTs) it entered with group entities — a sore point in the acrimonious spat between IndiGo co-founders Rahul Bhatia and Rakesh Gangwal — are public and only a fraction of the total revenues of the airline’s holding company.  (Image: PTI/)
HFCL:  The telecom gear maker on Wednesday posted over two-fold jump in a consolidated profit after tax at Rs 117 crore in the first quarter ended June 30, on account of accelerated project executions. (stock image)
HFCL:  The telecom gear maker on Wednesday posted over two-fold jump in a consolidated profit after tax at Rs 117 crore in the first quarter ended June 30, on account of accelerated project executions. (stock image)
HDFC Ltd: The firm on Wednesday said it will raise up to Rs 3,000 crore by issuing bonds on a private placement basis to shore up its long-term capital needs. (stock image)
HDFC Ltd: The firm on Wednesday said it will raise up to Rs 3,000 crore by issuing bonds on a private placement basis to shore up its long-term capital needs. (stock image)
Telecom companies: RIL-led Jio maintained its lead over other telecom service providers in adjusted gross revenue (AGR) for the March 2019 quarter at about Rs 9,839 crore, according to data from Trai. Vodafone Idea, the country's largest telecom operator by subscriber base, recorded AGR of Rs 7,133.4 crore (1.25 percent dip over December quarter), and Bharti Airtel Rs 5,920.2 crore (over eight percent fall on a sequential basis) during the March quarter.  (stock image/Caption: PTI)
Telecom companies: RIL-led Jio maintained its lead over other telecom service providers in adjusted gross revenue (AGR) for the March 2019 quarter at about Rs 9,839 crore, according to data from Trai. Vodafone Idea, the country's largest telecom operator by subscriber base, recorded AGR of Rs 7,133.4 crore (1.25 percent dip over December quarter), and Bharti Airtel Rs 5,920.2 crore (over eight percent fall on a sequential basis) during the March quarter.  (stock image/Caption: PTI)
Dewan Housing Finance Limited (DHFL): The consortium of 31 lenders to the troubled Dewan Housing Finance (DHFL) are meeting today to discuss a resolution plan for the third-largest pureplay mortgage lender, sources told PTI on Wednesday. (Image: Reuters)
Dewan Housing Finance Limited (DHFL): The consortium of 31 lenders to the troubled Dewan Housing Finance (DHFL) are meeting today to discuss a resolution plan for the third-largest pureplay mortgage lender, sources told PTI on Wednesday. (Image: Reuters)
TVS Motor Company: The firm on Wednesday launched a new 100cc motorcycle, TVS Sport, in Sri Lanka. (Image: PTI)
TVS Motor Company: The firm on Wednesday launched a new 100cc motorcycle, TVS Sport, in Sri Lanka. (Image: PTI)
Axis Bank: The bank's board meeting scheduled for July 20 will consider the option of raising funds by issue of equity shares/ depository receipts and/or any other instruments or securities.  (Image: Reuters)
Axis Bank: The bank's board meeting scheduled for July 20 will consider the option of raising funds by issue of equity shares/ depository receipts and/or any other instruments or securities.  (Image: Reuters)
IFCI: Rating agency Brickwork downgraded the rating on long term debt instruments NCD/bonds to BBB+ with a negative outlook, from A- with a stable outlook. (stock image)
IFCI: Rating agency Brickwork downgraded the rating on long term debt instruments NCD/bonds to BBB+ with a negative outlook, from A- with a stable outlook. (stock image)
Piramal Enterprises: The firm's committee approved the issue of debentures up to Rs 1500 crore on a private placement basis. (stock image)
Piramal Enterprises: The firm's committee approved the issue of debentures up to Rs 1500 crore on a private placement basis. (stock image)
Results today: CCL Products, Den Networks (stock image)
Results today: CCL Products, Den Networks (stock image)
Bajaj Auto: MD Rajiv Bajaj on Wednesday told CNBC-TV18 that the firm will launch 2-and-3-wheeler EVs before April 2020. (stock image)
Bajaj Auto: MD Rajiv Bajaj on Wednesday told CNBC-TV18 that the firm will launch 2-and-3-wheeler EVs before April 2020. (stock image)
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