Top stocks in focus on Friday, 14 July 2017 - News Summed Up

Top stocks in focus on Friday, 14 July 2017


NEW DELHI: Domestic equity markets are likely to open on a flat to positive note on Friday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.SGX Nifty was up 7.50 points, or 0.08 per cent, at 9,901.50.50 around 7.45 am (IST), indicating a flat start for NSE Nifty index.Here is a list of top stocks that are likely to be in focus today:The IT major will report its June quarter numbers on Wednesday. Brokerage firm Motial Oswal believes Infosys may post 4.5 per cent quarter-on-quarter (QoQ) fall in net profit at Rs 3,438 crore compared with Rs 3,603 crore profit reported for the sequential quarter ended March 31, 2016. The company’s revenue may slip 0.43 per cent QoQ to Rs 17,654 crore.HDFC Life Insurance may call off its proposed takeover of the Max group's life insurance business as the two have not been able to arrive at a mutually agreeable alternative structure for the transaction, which the regulator has rejected in its current form.The National Company Law Tribunal ( NCLT ) on Thursday heard the bankruptcy petitions of Bhushan Steel and Bhushan Power and Steel. The court gave Bhushan Steel four more days.A bigger-than-expected fall in operating profit in June quarter may not go down well with TCS investors. The promoters are Sanjay Dhingra, Gulshan Dhingra, Naresh Dhingra, Krishan Dhingra and Kanika Dhingra, according to a Sebi order.The company said thatbit has completed a deal to sell residual equity in BIAL.The comapny has sought members' nod to reappoint Azim Premji as Executive Chairman & MD.Blue Star has tied up with Comfort Solutions for distribution of unitary products.


Source: Economic Times July 14, 2017 02:18 UTC



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