Stocks to Watch: Dalal Street is expected to make a gap-down start on Tuesday tracking negative movements across global markets. SGX Nifty futures were down 0.2 percent or 28.5 points to 17,199.5 at last count. Shares of Adani Ports, Infosys, TCS, Delta Corp, Adani Green among others will be in focus today. Here are the top stocks to watch out for in trade on October 11 –
Delta Corp Ltd, GM Breweries Ltd | These companies will release their earnings for the quarter ending September.
Tata Consultancy Services Ltd | The Mumbai-based tech giant reported net profit at Rs 10,431 crore for the September quarter, crossing the Rs 10,000 crore mark for the first time. Tata Group companies reported revenue growth of 1.2 percent in US dollar terms.
Adani Ports and Special Economic Zones Ltd | Adani Group companies have received approval from NCLT Ahmedabad and NCLT Hyderabad to acquire the remaining 58.1 per cent stake in Gangavaram Port Limited (GPL). With this, GPL will become a 100 percent subsidiary of APSEZ.
Adani Green Energy Ltd | The company has completed the acquisition of 100 percent equity share capital of three entities namely, Wind One Renergy Ltd (WORL), Wind Three Renergy Ltd (WTRL) and Wind Five Renergy Ltd (WFRL) from Inox Green Energy Services Ltd, each housing 50 MW projects operational wind power.
Infosys Ltd | The company will consider buyback of fully paid equity shares at a meeting on October 13.
Bank of Baroda | The Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 12 October 2022. The overnight MCLR has been raised to 7.1 per cent from seven per cent and the one-month benchmark has been raised to 7.6 per cent from 7.5 per cent.
Hero MotoCorp Ltd | VIDA, the company’s emerging mobility brand has started bookings for its first electric vehicle, the VIDA V1 from October 10.
Panacea Biotec Ltd | The biotech company has received a long-term supply award worth $127.30 million (around Rs 1,040 crore) from UNICEF and the Pan American Health Organization (PAHO) for the supply of WHO pre-qualified full liquid Pentavalent vaccine. The UNICEF award is worth $98.755 million (nearly Rs 813 crore) for the supply of 99.70 million doses during the calendar year 2023-2027 and the PAHO award is worth $28.55 million (nearly Rs 235 crore) for the supply of 24.83 million doses during the 2025 calendar year.
The India Cements Ltd | The company entered into a share purchase agreement on October 10 with JSW Cement Limited and divested its entire shareholding held by it in Springway Mining Private Limited (SMPL), for a total consideration of Rs.476.9 crores and as a result, SMPL ceased to be a wholly owned subsidiary of the company that.
LHDN Infrastructure Private Ltd | The company has reported a 39 percent year-on-year increase in toll collections. The aggregate amount for September stood at Rs 726.1 million, down from Rs 727.2 million in the previous month.
IRB Infrastructure Developers Ltd | The company has reported a 37 percent year-on-year increase in toll collections. The aggregate amount for September stood at Rs 3,282.4 million, down from Rs 3,359.9 million in the previous month.