NIFTY 50

CNBC-TV18's buzzing stocks for trade on January 31

Updated : January 31, 2020 08:35 AM IST

The Indian market is likely to open in the green on Friday following Asian markets that are attempting to rally after a gut-wrenching week. However, factors like increasing worries over coronavirus after WHO declared it a global emergency, as well as investors trading cautiously ahead of the Union Budget due on Saturday, may weigh on the market. At 7:15 am, the SGX Nifty was trading 39.50 points or 0.33 percent higher at 12,078.50, indicating at a positive start for the Sensex and Nifty50. Here are the top stocks to watch out for in trade today:

  • Tata Motors: The company reported a consolidated net profit of Rs 1,738 crore for Q3 against a loss of Rs 26,961 crore in Q3FY19.
  • Yes Bank: The lender has sold 15,66,909 equity shares of Rs 10 each, constituting 2.68% of the paid-up share capital of SICAL Logistics Limited.
  • Wipro: Wipro said CEO and managing director Abidali Z Neemuchwala has decided to step down from his positions due to family commitments.
  • ICICI Bank: RBI has approved re-appointment of Anup Bagchi as Executive Director of the bank.
  • TVS Motor: The company will launch the TVS Apache RR310 BS-VI 2020 motorcycle with Next Generation Technology.
  • TCS: TCS was recognised as a leader in Multi-Process Human Resources Outsourcing Services by Everest Group.
  • Strides Pharma: Board of Directors have approved Scheme of Amalgamation for merger of Vivimed Life Sciences with the company.
  • Kotak Mahindra Bank: RBI approved promoters’ voting rights in the bank to be capped to 20% of paid-up voting equity share capital until March 31.
  • Nocil: The company approved amalgamation of Suremi Trading and Sushripada Investments with it.
  • Blue Star: Q3 net profit stood at Rs 19.6 crore against the loss of Rs 0.9 crore YoY.
  • Persistent Systems: Q3 net profit stood at Rs 87.9 crore against Rs 86.1 crore and rupee revenue went up at Rs 922.7 crore against Rs 884.6 crore QoQ.
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