Indian shares are expected to open lower on Wednesday as SGX Nifty, an indicator of the opening for the Sensex and the Nifty, traded lower by 23 points or 0.19 percent at 6:55 AM, hinting at a negative start for the domestic market. Here are the top stocks to watch out for:
Tech Mahindra: The board has approved the proposal to acquire 100 percent stake in Born Group, a creative design, content production and commerce solutions company.
Wipro: The company announced the launch of its 'Wipro RAPIDSTM DXP' solution suite, addressing the digital experience and requirements of Communication Service Providers (CSPs).
SPARC: Sun Pharma Advanced Research Company has entered into a licensing deal with China Medical System Holding Limited (CMS) to develop and commercialise multiple products in China, Hong Kong, Macao and Taiwan.
Sagar Cement: The cement production for October is down 26 percent YoY while sales are down 28 percent YoY.
Transport Corporation of India: CRISIL has upgraded the long-term rating to AA/Stable from AA-/Positive.
Max India: Composite merger scheme involving Radiant Life Care, Max Healthcare and Max India has received 99 percent minority shareholders’ approval.
M&M: Total October production stands at 44,697 units against 56,752 units in the same period last year. Sales stand at 48,724 units vs 55,340 units during the same period last year.
CG Power: CG Power Indonesia bagged additional IDR 334 billion (USD 24 million) order from Indonesian state utility PT PLN Indonesia (Persero) for power transformers.
Hero Moto: The board has approved investing up to Rs 450 crore in Hero FinCorp via private placement.
Infosys: Movement Mortgage has selected Infosys to lead its digital transformation, development services.
Titan Company: Titan Company Ltd on Tuesday reported a 3.5 percent year-on-year (YoY) jump in net profit at Rs 311.65 crore for the second quarter ended September 2019.