Motilal Oswal
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Motilal Oswal
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Top stocks to watch out for on July 4: JSPL, Steel Strips Wheels, Zuari Agro, Indian Hume Pipe

Updated : 2019-07-04 07:34:18

Indian benchmark indices are likely to open flat on Thursday as investors remained cautious ahead of the Union Budget, which will be presented in the Parliament on July 5. Asian shares followed a rally in US equities after weaker-than-expected US econ data raised hopes for rate cuts by the US Federal Reserve. Indian shares settled little changed in the previous session. At 7.15 AM, the SGX Nifty futures traded 8.50 points, or 0.07 percent, higher at 11,956.50, pointing to a flat start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today's trade:

Mindtree: Nalanda India Fund and Nalanda India Equity Fund have sold a majority of their holding in Mindtree in the recent open offer launched by Larsen and Toubro, which is now a promoter of the Bengaluru-based IT firm with 60.06 percent stake. (Image: Reuters)
Mindtree: Nalanda India Fund and Nalanda India Equity Fund have sold a majority of their holding in Mindtree in the recent open offer launched by Larsen and Toubro, which is now a promoter of the Bengaluru-based IT firm with 60.06 percent stake. (Image: Reuters)
Jindal Steel & Power: The company said its Angul plant in Odisha has produced its highest ever hot metal production of 10845 MT for a single day on July 2.
Jindal Steel & Power: The company said its Angul plant in Odisha has produced its highest ever hot metal production of 10845 MT for a single day on July 2.
Zuari Agro Chemicals: It will issue compulsory convertible debentures (CCDs) worth Rs 405 crore.
Zuari Agro Chemicals: It will issue compulsory convertible debentures (CCDs) worth Rs 405 crore.
Mcleod Russel: ICRA downgraded credit rating to default for borrowings worth Rs 1031.09 crore. Rational for the ratings downgrade was due to recent delays in meeting debt obligation and continued pressure on liquidity profile of the company owing to financial exposure to weak group companies. (Image: Company)
Mcleod Russel: ICRA downgraded credit rating to default for borrowings worth Rs 1031.09 crore. Rational for the ratings downgrade was due to recent delays in meeting debt obligation and continued pressure on liquidity profile of the company owing to financial exposure to weak group companies. (Image: Company)
Cox and Kings: The tourism company defaulted in the payment of interest on NCDs worth Rs 7.2 crore which was due on June 30. (Image: Company)
Cox and Kings: The tourism company defaulted in the payment of interest on NCDs worth Rs 7.2 crore which was due on June 30. (Image: Company)
Steel Strips Wheels: June total wheel rims sales down 10% at 11.28 Lakh units versus 12.66 Lakh Units. (Image: Company)
Steel Strips Wheels: June total wheel rims sales down 10% at 11.28 Lakh units versus 12.66 Lakh Units. (Image: Company)
Indian Hume Pipe: CARE revised long term bank facilities rating to A from A+ with a stable outlook. (Image: Company)
Indian Hume Pipe: CARE revised long term bank facilities rating to A from A+ with a stable outlook. (Image: Company)
Indian Hume Pipe: CARE has revised rating on long-term bank facilities to A from A+ with a stable outlook.
Indian Hume Pipe: CARE has revised rating on long-term bank facilities to A from A+ with a stable outlook.
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