Motilal Oswal
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Motilal Oswal
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Top stocks to watch out for on May 10: RIL, HCL Tech, Jet Airways

Updated : 2019-05-10 08:07:20

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are likely to open lower on Friday as global markets remained cautious ahead of the planned tariff hike by the US on Chinese goods worth $200 billion. Asian shares traded little changed as investors await the outcome of US-China trade negotiations. US President Donald Trump said on Thursday he had received a "beautiful letter" from Chinese President Xi Jinping, stoking hopes that Washington may suspend its plan to raise tariffs. Indian shares declined for the seventh straight session on Thursday. The Sensex and the Nifty 50 closed 0.5 percent lower. Here are the top stocks to watch out for in today’s trade:

HCL Technologies: The IT major reported a 14.3 percent year-on-year (YoY) jump in consolidated net profit at Rs 2,568 crore for the fourth quarter ended March 2019. CNBC-TV18 Polls had predicted a profit of Rs 2,514 crore for the quarter under review. The board of the company has declared an interim dividend of Rs 2 per equity share of Rs 2 each of the company for the financial year 2019-20. (Stock Image)
HCL Technologies: The IT major reported a 14.3 percent year-on-year (YoY) jump in consolidated net profit at Rs 2,568 crore for the fourth quarter ended March 2019. CNBC-TV18 Polls had predicted a profit of Rs 2,514 crore for the quarter under review. The board of the company has declared an interim dividend of Rs 2 per equity share of Rs 2 each of the company for the financial year 2019-20. (Stock Image)
Reliance Industries: Reliance Brands Ltd on Thursday bought centuries-old British toy retailer Hamleys from C Banner International for Rs 621. 15 crore. Currently, RIL's retail arm Reliance Retail has the licence to sell Hamleys' products in India. In 2015, China's C Banner International had acquired Hamleys in 100 million pound deal. (Image: Reuters). <strong>Disclosure:</strong> Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Reliance Industries: Reliance Brands Ltd on Thursday bought centuries-old British toy retailer Hamleys from C Banner International for Rs 621. 15 crore. Currently, RIL's retail arm Reliance Retail has the licence to sell Hamleys' products in India. In 2015, China's C Banner International had acquired Hamleys in 100 million pound deal. (Image: Reuters). Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Vodafone Idea: Vodafone Group Plc has pledged its entire 44.39 percent stake in Vodafone Idea worth over Rs 18,000 crore with seven foreign banks. The development comes after the country's largest telco Vodafone Idea issued new shares following its 25,000-crore rights issue. (Image: Reuters)
Vodafone Idea: Vodafone Group Plc has pledged its entire 44.39 percent stake in Vodafone Idea worth over Rs 18,000 crore with seven foreign banks. The development comes after the country's largest telco Vodafone Idea issued new shares following its 25,000-crore rights issue. (Image: Reuters)
Jet Airways: AdiGro Aviation, part of the London-based Adi Partners, submitted a binding bid to buy a stake in the grounded Jet Airways. The last date for submitting the bids is May 10. The lenders led by SBI are likely to decide the winning bidder for Jet Airways today.(Image: AP)
Jet Airways: AdiGro Aviation, part of the London-based Adi Partners, submitted a binding bid to buy a stake in the grounded Jet Airways. The last date for submitting the bids is May 10. The lenders led by SBI are likely to decide the winning bidder for Jet Airways today.(Image: AP)
PVR:
PVR: "We should be able to add 30-35 screens to our current 77 premium screens in another 18 to 20 months. Majorly metros and mini-metros are currently looked at this," PVR Cinemas chief executive officer Gautam Dutta told PTI. (Image: Reuters)
PNB Housing Finance: The PNB unit reported a 51 percent jump in its consolidated net profit to Rs 379.77 crore for the fourth quarter ended March 2019, compared to Rs 251.58 crore last year. Total income (consolidated) during the quarter rose to Rs 2,148.19 crore, up by 31 percent as compared with Rs 1,638.48 crore in the year-ago quarter. (Image: Reuters)
PNB Housing Finance: The PNB unit reported a 51 percent jump in its consolidated net profit to Rs 379.77 crore for the fourth quarter ended March 2019, compared to Rs 251.58 crore last year. Total income (consolidated) during the quarter rose to Rs 2,148.19 crore, up by 31 percent as compared with Rs 1,638.48 crore in the year-ago quarter. (Image: Reuters)
Welspun Corp: The company said its board of directors will consider share buyback proposal on May 14. Also, the company has received additional pipe orders of 103 KMT. (Image: Company)
Welspun Corp: The company said its board of directors will consider share buyback proposal on May 14. Also, the company has received additional pipe orders of 103 KMT. (Image: Company)
Real Estate: The GST Council extended by 10 days till May 20 the deadline for realtors to opt for old GST rates with an input tax credit for ongoing projects or shift to new lower tax rates. The GST Council had in March allowed real estate players to shift to 5 percent GST rate for residential units and 1 percent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019. (Image: Reuters)
Real Estate: The GST Council extended by 10 days till May 20 the deadline for realtors to opt for old GST rates with an input tax credit for ongoing projects or shift to new lower tax rates. The GST Council had in March allowed real estate players to shift to 5 percent GST rate for residential units and 1 percent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019. (Image: Reuters)
Tata Motors: The company denied reports that it is in the process of selling its British arm Jaguar Land Rover (JLR) to French automotive major PSA Groupe. The company's response came after various reports suggested that the sale process is already on. (Image: Reuters)
Tata Motors: The company denied reports that it is in the process of selling its British arm Jaguar Land Rover (JLR) to French automotive major PSA Groupe. The company's response came after various reports suggested that the sale process is already on. (Image: Reuters)
Results: SBI, L&T, Eicher, Strides Pharma, Kajaria Ceramics, Allahabad Bank, Canara Bank, Equitas Holding, IDFC First Bank, Syndicate Bank, PVR, Dilip Buildcon, GlaxoSmithKline Consumer Healthcare, V2 Retail, Vakrangee, Venky's, V-Mart Retail, Quick Heal Technologie, Relaxo Footwears, HT Media, Merck, Nocil, Oberoi Realty, Oriental Carbon & Chemicals, Poly Medicure, Prism Johnson, Punjab Chemicals, Shakti Pumps, Tata Investment Corporation, Trigyn Technologies, Udaipur Cement, Asian Hotels (East), Chalet hotels. (Image: Reuters)
Results: SBI, L&T, Eicher, Strides Pharma, Kajaria Ceramics, Allahabad Bank, Canara Bank, Equitas Holding, IDFC First Bank, Syndicate Bank, PVR, Dilip Buildcon, GlaxoSmithKline Consumer Healthcare, V2 Retail, Vakrangee, Venky's, V-Mart Retail, Quick Heal Technologie, Relaxo Footwears, HT Media, Merck, Nocil, Oberoi Realty, Oriental Carbon & Chemicals, Poly Medicure, Prism Johnson, Punjab Chemicals, Shakti Pumps, Tata Investment Corporation, Trigyn Technologies, Udaipur Cement, Asian Hotels (East), Chalet hotels. (Image: Reuters)
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