The Indian market is likely to open in the green on Wednesday following global markets that rose on the back of strong earnings from giants like Apple Inc. However, broader confidence was capped later by the rising concerns about the economic impact of coronavirus. At 7:15 am, the SGX Nifty was trading 26 points or 0.22 percent higher at 12,094, indicating at a positive start for the Sensex and Nifty50. Here are the top stocks to watch out for in trade today:
Infosys: The company completed the divestment of its shares in Unsilo A/S for about $8,00,000 (over Rs 5.70 crore).
IndiGo: The domestic airline will hold an extraordinary general meeting EGM) today as requested by the company's co-founder Rakesh Gangwal. The EGM has been convened to vote on the articles of association changes that he had demanded.
M&M Financial Services: The company's Q3 profit went up 14.6 percent to Rs 365.3 crore and revenue jumped 15.7 percent to Rs 2,580.6 crore YoY.
JK Lakshmi Cement: The company reported a 233 percent jump in its standalone profit at Rs 49.2 crore in the third quarter of FY20.
IFB Industries: Q3 profit dipped 18.2 percent to Rs 14.8 crore, revenue rose 2.7 percent to Rs 39.7 crore YoY.
Indostar Capital: The board on January 31 will consider the proposal for raising funds.
Cholamandalam: The board on January 31 will decide on the issue price for QIP.
HFCL: The company will acquire up to 47.87 percent of the diluted paid-up equity share capital of BIGCAT.
Allcargo: The company has so far acquired 20.83 percent stake of Gati Limited.
KEI Industries: The company approved the allocation of 10,000,000 equity shares at an issue price of Rs. 500 per equity share.
Bajaj Electrical: The board on January 31 will consider rights issue.