Indian shares are expected to open higher on Wednesday after heavy sell-offs in the last two sessions and as poor economic growth outlook raises prospects of further government measures in the Budget. Among the stocks in news today, Zee Entertainment, HDFC AMC and Polycab India reported Q3FY20 earnings and the DoT approved raising FDI limit in Bharti Airtel to 100 percent.
Here is a list of stocks to watch out for in today’s trade:
Zee Entertainment Enterprises reports a 38 percent fall in its consolidated net profit for Q3FY20 at Rs 348.60 crore, mainly on account of decline in advertising revenue.
HDFC AMC’s Q3FY20 profit after tax rises 45 percent to Rs 352.5 crore and total income jumps 11 percent to Rs 592 crore.
The Department of Telecom approves raising of foreign direct investment in Bharti Airtel to 100 percent from 49 percent allowed earlier.
Larsen and Toubro will raise up to Rs 1,000 crore through issuance of non-convertible debentures.
Axis Bank initiates insolvency process against Reliance Power’s subsidiary Vidarbha Industries Power for a claim of Rs 553.28 crore.
Allcargo Logistics acquires about 13 percent stake in express distribution and supply chain solutions provider Gati.
Reliance Capital appointed Dhananjay Tiwari as CEO with effect from January 21.
Usha Martin files an appeal with the Appellant Tribunal against an order related to ED attaching Rs 190 crore worth of immovable assets of its wire ropes business at Ranchi.
Havells India posts a 2.81 percent increase in its consolidated net profit at Rs 201.22 crore for Q3FY20.
Polycab India’s Q3FY20 profit after tax rises 14 percent to Rs 221.4 crore, helped by higher income.