Motilal Oswal
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Motilal Oswal
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Top stocks to watch out for on June 28: Cox & Kings, Sun Pharma, MindTree, Lupin, Wipro

Updated : 2019-06-28 07:32:32

Indian shares are likely to open higher on Friday, in line with global markets, as world leaders meet at the G20 meeting in Osaka, Japan to discuss trade and economy. Asia shares inched higher on hopes a meeting between US President Donald Trump and Chinese President Xi Jinping could ease trade tensions. Oil prices remained little changed. Indian investors will also await trade talks between Trump and Prime Minister Narendra Modi at the G20 summit. At 7.23 AM, the SGX Nifty futures traded 26 points, or 0.22 percent, higher at 11,918, pointing to a positive start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today’s trade:

Cox & Kings: The Travel and tour company has defaulted on the payment of commercial papers due to cash flow mismatch and a situation exacerbated by rating downgrade. The company was required to pay Rs 200 crore, however Cox & Kings was able to pay only Rs 50 crore and defaulted on Rs 150 crore. (Image: Company)
Cox & Kings: The Travel and tour company has defaulted on the payment of commercial papers due to cash flow mismatch and a situation exacerbated by rating downgrade. The company was required to pay Rs 200 crore, however Cox & Kings was able to pay only Rs 50 crore and defaulted on Rs 150 crore. (Image: Company)
Sun Pharmaceutical Industries: The company's unit has entered into a licensing agreement with a subsidiary of China Medical System Holdings for the development and commercialisation of its dermatology products. (Image: Reuters)
Sun Pharmaceutical Industries: The company's unit has entered into a licensing agreement with a subsidiary of China Medical System Holdings for the development and commercialisation of its dermatology products. (Image: Reuters)
Mindtree/L&T: Larsen and Toubro has acquired a majority 60 percent stake in Mindtree after its open offer to buy 31 percent shares was oversubscribed, according to data available on stock exchanges.
Mindtree/L&T: Larsen and Toubro has acquired a majority 60 percent stake in Mindtree after its open offer to buy 31 percent shares was oversubscribed, according to data available on stock exchanges.
Lupin: The drug maker has received tentative approval from the USFDA for a generic version of Mirabegron Extended Release tablets of Astellas Pharma Global Development Inc used to treat overactive bladder. (Image: Reuters)
Lupin: The drug maker has received tentative approval from the USFDA for a generic version of Mirabegron Extended Release tablets of Astellas Pharma Global Development Inc used to treat overactive bladder. (Image: Reuters)
Wipro: The IT services major said it has exited its joint venture WAISL by selling its 11 percent shareholding to Antariksh Softtech for Rs 55 lakh. WAISL was a JV between Wipro (74 percent) and Delhi International Airport Ltd (DIAL), which held 26 percent stake. (Image: Reuters)
Wipro: The IT services major said it has exited its joint venture WAISL by selling its 11 percent shareholding to Antariksh Softtech for Rs 55 lakh. WAISL was a JV between Wipro (74 percent) and Delhi International Airport Ltd (DIAL), which held 26 percent stake. (Image: Reuters)
Infosys: US-based subsidiary Infosys McCamish announced its partnership with Pan-American Life Insurance Group (PALIG) to provide policy administration services. (Image: Reuters)
Infosys: US-based subsidiary Infosys McCamish announced its partnership with Pan-American Life Insurance Group (PALIG) to provide policy administration services. (Image: Reuters)
Max India: It has approved divestment of its entire stake of over 85 percent in subsidiary firm Pharmax Corporation Ltd to a wholly-owned subsidiary of group firm Max Ventures and Industries Ltd for Rs 61.2 crore. (Image: Company)
Max India: It has approved divestment of its entire stake of over 85 percent in subsidiary firm Pharmax Corporation Ltd to a wholly-owned subsidiary of group firm Max Ventures and Industries Ltd for Rs 61.2 crore. (Image: Company)
Bank of Maharashtra: The state-owned bank said it will raise up to Rs 3,000 crore equity capital through various modes, including follow-on public offer or preferential issuance of shares.
Bank of Maharashtra: The state-owned bank said it will raise up to Rs 3,000 crore equity capital through various modes, including follow-on public offer or preferential issuance of shares.
Excel Industries: The board has approved the acquisition of chemical manufacturing unit of NetMatrix Cropcare for Rs 95 crore.
Excel Industries: The board has approved the acquisition of chemical manufacturing unit of NetMatrix Cropcare for Rs 95 crore.
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