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Top stocks to watch out for on May 29: Sun Pharma, Info Edge, Indiabulls Housing

Updated : 2019-05-29 08:30:08

Indian benchmark indices are likely to open lower on Wednesday following losses in global markets. Asian shares fell over concerns of trade tensions between the US and China. US President Donald Trump said on Monday that the US was not ready to make a deal with China yet, and also pressed Japan to reduce its trade imbalance with the US. Investors in India were also cautious ahead of F&O expiry and key economic data due this week. Indian shares settled marginally higher in the previous session, extending gains for the third straight day. At 7.10 AM, the SGX Nifty traded 19 points, or 0.16 percent, lower at 11,910, pointing to a muted start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today's trade:

Sun Pharmaceuticals Industries Ltd: Sun Pharma reported a consolidated net profit of Rs 635.88 crore for the quarter ended on March 31, compared to Rs 1,342.50 crore for the year-ago quarter. The profit was mainly impacted by distribution change for its India business. (Image: Reuters)
Sun Pharmaceuticals Industries Ltd: Sun Pharma reported a consolidated net profit of Rs 635.88 crore for the quarter ended on March 31, compared to Rs 1,342.50 crore for the year-ago quarter. The profit was mainly impacted by distribution change for its India business. (Image: Reuters)
Bharti Airtel: Stake of Airtel promoter group firm Bharti Telecom has come down to 41.24 percent following renouncement of 11.34 crore shares by the entity valued at around Rs 3,920 crore and Rs 25,000-crore rights issue. (Photo: PTI)
Bharti Airtel: Stake of Airtel promoter group firm Bharti Telecom has come down to 41.24 percent following renouncement of 11.34 crore shares by the entity valued at around Rs 3,920 crore and Rs 25,000-crore rights issue. (Photo: PTI)
Info Edge (India) Ltd: The promoter of jobs site naukri.com has agreed to acquire Highorbit Careers Pvt. Ltd, the company behind premium job portal iimjobs.com, for nearly Rs 81 crore. The company reported a standalone net profit of Rs 66.31 crore for the March 2019 quarter, compared to a net loss of Rs 13.75 crore a year ago. (Stock Image)
Info Edge (India) Ltd: The promoter of jobs site naukri.com has agreed to acquire Highorbit Careers Pvt. Ltd, the company behind premium job portal iimjobs.com, for nearly Rs 81 crore. The company reported a standalone net profit of Rs 66.31 crore for the March 2019 quarter, compared to a net loss of Rs 13.75 crore a year ago. (Stock Image)
Indiabulls Housing Finance: It has completed the issuance and allotment of the notes for an aggregate nominal amount of $350 million. Also, The Competition Commission has dismissed a complaint alleging unfair and discriminatory trade practices by Indiabulls Housing Finance and several of its employees pertaining to a loan agreement.
Indiabulls Housing Finance: It has completed the issuance and allotment of the notes for an aggregate nominal amount of $350 million. Also, The Competition Commission has dismissed a complaint alleging unfair and discriminatory trade practices by Indiabulls Housing Finance and several of its employees pertaining to a loan agreement.
Gail India: The state-run company plans to list its subsidiary Gail Gas and is aggressively investing in city gas distribution to create volumes before it takes the company to the market, reported PTI. (Image: Reuters)
Gail India: The state-run company plans to list its subsidiary Gail Gas and is aggressively investing in city gas distribution to create volumes before it takes the company to the market, reported PTI. (Image: Reuters)
DHFL: The company clarified that it or its promoter-directors have not received any communication from the authorities regarding issuance of any lookout notice.
DHFL: The company clarified that it or its promoter-directors have not received any communication from the authorities regarding issuance of any lookout notice.
Manappuram Finance: World Bank arm IFC committed $35 million to Manappuram Finance in a three-year loan.
Manappuram Finance: World Bank arm IFC committed $35 million to Manappuram Finance in a three-year loan.
Minda Corp: The auto component maker reported a marginal increase of 1.06 percent in its consolidated net profit at Rs 39.08 crore for the fourth quarter ended March 2019. Total income during the quarter under review stood at Rs 778.32 crore, up 6.71 percent from last year. (Stock image)
Minda Corp: The auto component maker reported a marginal increase of 1.06 percent in its consolidated net profit at Rs 39.08 crore for the fourth quarter ended March 2019. Total income during the quarter under review stood at Rs 778.32 crore, up 6.71 percent from last year. (Stock image)
Max Financial: The company reported a 30 percent fall in consolidated net profit to Rs 391 crore for 2018-19. (Image: Reuters)
Max Financial: The company reported a 30 percent fall in consolidated net profit to Rs 391 crore for 2018-19. (Image: Reuters)
IRB Infrastructure: The infra company reported a 13.24 percent decline in consolidated net profit to Rs 208.01 crore during the quarter ended March 31, 2019. Total consolidated income for January-March quarter rose to Rs 1,998.91 crore from Rs 1,432.10 crore in the year-ago period.
IRB Infrastructure: The infra company reported a 13.24 percent decline in consolidated net profit to Rs 208.01 crore during the quarter ended March 31, 2019. Total consolidated income for January-March quarter rose to Rs 1,998.91 crore from Rs 1,432.10 crore in the year-ago period.
ICICI Lombard: Singapore-based Integrated Core Strategies Asia offloaded over 27 lakh shares of general insurer ICICI Lombard worth over Rs 315 crore through open market transactions.
ICICI Lombard: Singapore-based Integrated Core Strategies Asia offloaded over 27 lakh shares of general insurer ICICI Lombard worth over Rs 315 crore through open market transactions.
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