The Indian market is expected to open flat on Friday tracking modest gains in the global markets as positive earnings offset economic growth concerns. However, concerns over the impact of SC’s order on AGR may tilt the market to the negative zone. The SGX Nifty was trading 14.50 points or 0.12 percent higher at 11,601 at 7:04 AM, indicating a flat start for the Sensex and the Nifty. Here are the top buzzing stocks to watch out for:
IndiGo: Interglobe Aviation posted a net loss of Rs 1,062 crore for the September quarter.
ITC: The consolidated net profit surged 37 percent YoY to Rs 4,173.72 crore.
Infosys: The company announced a stock incentive option to its mid-level 6,949 eligible employees.
JSW Steel: The company trimmed volumes guidance by 3 percent to 15.5 million tonnes in FY20.
Vodafone Idea: It said SC’s verdict on AGR has damaging implications for telecom industry.
Oriental Hotels: In line with ‘Aspiration 2022’, the company achieved 3 percent growth in EBITDA margin and 11 percent growth in EBITDA.
Kaya Ltd: Consolidated revenue from operations is Rs 101.4 crore for September quarter, a decline of 6 percent.
Bandhan Bank: MD Chandra Shekhar Ghosh said asset quality is currently the best, with the NPAs coming in at 0.56 percent.
Bharti Infratel: The board of directors has approved extension of the long stop date by 60 days.IVRCL Infra
: Last date to submit EOI for the company extended to Oct 29.