MindTree share price: Stocks in focus: Ashoka Buildcon, Sunteck Realty, Shilpa Medicare, Mindtree, HFCL and more - The Economic Times Video
Nifty futures on the Singapore Exchange traded 118 points, or 0.75 per cent higher at 15,806, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks which may buzz the most in today’s trade
RIL, Info Edge, Bharti Airtel, Vodafone Idea, Mindtree, Tatva Chintan IPO, bank stocks in focus
Market participants will first react to IIP and CPI inflation data, that were released post market hours.
Nifty futures surged higher and were trading 137.50 points or 0.88 per cent up at 15,825.50 on Singaporean Exchange. Market participants will first react to IIP and CPI inflation data, that were released post market hours. Moreover, investors will watch first-quarter earnings of FY22, stock-specific development, pace of vaccination drive, new delta variant of COVID, rupee movement against US dollar and crude oil prices. Technical analysts say that for almost 27 days, the market has been consolidating within the trading range of 300 points, which is remarkable and indicates a make or break in the near term. “The Nifty/Sensex would go to the level of 15500/15450 (51600) after dismissal. The 15700/52400 and 15780/52700 levels, on the other hand, would be the main levels of resistance,” Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities, said.
Stocks to watch
Mindtree, Tata Metaliks: Companies such as Deccan Health Care, Gagan Gases, Mindtree, Tata Metaliks, Shree Ganesh Remedies, TPI India, and WS Industries will release quarterly earnings on July 13.
Info Edge: Zomato IPO will open for anchor investors on July 13. The issue would open for subscription for public on Wednesday, July 14, at the price band of Rs 72-76 per share. Naukri.com’s parent company, Info Edge holds a stake of about 18.55 per cet in the food delivery platform.
RIL: Reliance Industries Ltd has invested Rs 1 lkah in cash in 10,000 equity shares of Rs 10 each of Reliance New Energy Solar Limited, a newly incorporated wholly owned subsidiary. RNESL is incorporated to undertake activities relating to solar energy. RNESL is yet to commence its business operations.
Airtel, Vodafone, RIL: Reliance Jio continued to lead the market in mobile subscriber additions as it gained 4.7 million users in April even as troubled Vodafone Idea lost 1.8 million customers during the same period, as per the latest TRAI data. Bharti Airtel added just 0.51 million mobile subscribers in April.
Tatva Chintan Pharma Chem: Tatva Chintan Pharma Chem Ltd has fixed a price band of Rs 1,073-1,083 a share for its Rs 500-crore IPO. The public issue will open on 16 July and close on 20 July. It comprises fresh issue of shares worth Rs 225 crore and an offer of sale (OFS) worth Rs275 crore by existing promoters and shareholders.
Bank stocks: Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday. According to an estimate, top 10 personal guarantors have guaranteed debt of over Rs 1.6 lakh crore.
Stocks in the news: Mindtree, HFCL, NMDC, JK Tyres, banks and telcos
Did you Know? Stock score of Canara Bank Ltd moved up by 4 in 3 months on a 10-point scale. View Latest Stock Report »
Nifty futures on the Singapore Exchange traded 118 points, or 0.75 per cent higher at 15,806, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks which may buzz the most in today’s trade:, Tata Metaliks, Shree Ganesh Remedies, Deccan Health Care, WS Industries (India) and Gagan Gases are among the company that will announce quarterly earnings today.The company has invested Rs 1,00,000 in 10,000 equity shares of Rs 10 each of Reliance New Energy Solar (RNESL), a newly incorporated wholly owned subsidiary. RNESL is incorporated to undertake activities relating to solar energy. RNESL is yet to commence its business operations.Fair trade regulator Competition Commission of India (CCI) on Monday approved the acquisition of 23.5 per cent stake inTripura Power Company Ltd by Summit India (Tripura).India’s largest telecom operator Reliance Jio continued to lead the market in mobile subscriber additions as it gained 4.7 million users in April even as troubled Vodafone Idea lost 1.8 million customers during the same period, as per latest TRAI data. Bharti Airtel added just 0.51 million mobile subscribers in April.Public sector lenders led byhave officially formed the band bank- the National Asset Reconstruction Company (NARC). They will now approach the banking regulator RBI to function as an ARC.The domestic telecom gear maker reported over threefold jump in its consolidated profit after tax to Rs 90.69 crore for the first quarter ended June 30, 2021. The company had posted a profit after tax of Rs 21.34 crore in the corresponding period a year ago.The state-owned miner said it has reduced the prices of lump ore and fines by Rs 200 per tonne each. Iron ore is the key raw material for steel making. Any change in its prices has a direct impact on the rates of steel.The disinvestment-bound said it has opened the virtual data room for potential bidders. The government is selling its entire 63.75 per cent stake in the company along with transfer of management control.The tyre firm has expanded its retail presence with the onboarding of digital automotive aftermarket platform Ki Mobility Solutions. The move is expected to help the tyre maker shore up its market share across two-wheelers, passenger cars and commercial vehicle segments.The company reported consolidated loss of Rs 112.2 crore in Q4FY21 against loss of Rs 79.11 crore in Q4FY20, revenue rose to Rs 459 crore from Rs 276.24 crore YoY.The company approved the transfer of API business consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly owned subsidiary of the company.The company launched India’s first oral suspension of Favipiravir – Favenza oral suspension, used to treat mild to moderate cases of Covid-19.The company’s pre-sales grew by 74 per cent in Q1FY22 to Rs 176 crore, and collections grew by 165 per cent in Q1FY22 to Rs 172 crore.