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Stocks To Watch: Infosys, TCS, Oil Refiners, Gruh Finance And More
SGX Nifty indicates a positive start to Indian equities
13 Jan 2017, 08:12 AM IST 
Employees use desktop computers as they monitor data at a securities brokerage in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, gained 0.2 percent to 8,442.
Here are the stocks to watch out for in today’s session:
Tata Consultancy Services
- Third quarter profit rose 2.9 percent on a sequential basis, beating the street estimate
- Revenue rose 1.5 percent bolstered by growing data analytics and the cloud business
- Appoints Rajesh Gopinathan as chief executive officer
- Mahindra Lifespaces: Company to foray into Gujarat with a new industrial park near Ahmedabad.
- Bharti Airtel: Airtel Payments Bank, the first of its kind in India, officially launched services on Thursday, promising customers a 7.25 percent on deposits as an introductory offer.
- Hathway Cable: Company withdraws plan to de-merge broadband business.
- Tata Group Stocks: Tata Sons appointed TCS’ N Chandrasekaran as chairman.
- Rural Electrification Corp: Company incorporates three project specific special purpose vehicles as subsidiary companies of its unit - REC Transmission Projects Company
- Phoenix Mills: Units Palladium Constructions (PCPL) and Gangetic Hotels (GHPL) have approved a scheme of amalgamation.
- Bharat Financial Inclusion: Company assigned a pool of receivables of an aggregate value of Rs 271.73 crore to one of the largest public sector banks on direct assignment basis as per the guidelines by the Reserve Bank of India.
- NTPC: State-owned firm has signed a non-binding MoU with Rajasthan Rajya Vidyut Utpadan Nigam and Rajasthan Urja Vikas Nigam for take-over of Chhabra Thermal Power Plant Stage-I and Stage-II.
- Union Bank of India: Lender appoints B Sreeneivasa Rao as chief financial officer.
- Electrosteel Castings: Company gets mines ministry approval for Jharkhand lease.
- Reliance Industrial Infrastructure: Company's December-quarter profit fell about 32 percent.
- Force Motors: Company issued commercial papers worth Rs 200 crore.
- Celebrity Fashions: Company is seeking shareholders’ approval to issue shares and warrants to promoters.
- Vivimed Labs: Company is seeking shareholders’ approval raise capital up to Rs 500 crore.
India Inflation, IIP Data Check
- Retail inflation eased further to nearly 3-year low of 3.41 percent in December
- Industrial production rose 5.7 percent in November, fastest in 13 months
Media Reports
Information Technology Stocks
- President-elect Donald Trump considering ways to revamp a temporary visa programme used to bring foreign workers to the United States. (Reuters)
- U.S. Attorney General-designate Jeff Sessions told a Senate committee that he would take measures to curtail the “misuse” of H-1B visas. (PTI)
- Vedanta: Company proposes to acquire 47.8 million shares of Cairn India. (Bloomberg)
- Tata Capital Housing: Company reduces home loan rate by up to 35 basis points. (PTI)
- Bharti Airtel, Idea Cellular: Attorney General clear way for Rs 3,050 crore penalty imposed on telecom operators. (PTI)
- NMDC: Supreme Court asks NDMC to reconsider its decision to auction Hotel Taj Mansingh. (PTI)
- Reliance Industries: Bharti Airtel Chairman Sunil Mittal termed Reliance Jio Infocomm’s voice and data offer “unfair”. Reliance Jio Infocomm is a telecoms unit of Mukesh Ambani-led Reliance Industries. (PTI)
- Delta Corp: Indian gaming federation wants the government to relax rules and allow activities including sports betting, gambling, and lottery. (Economic Times)
- SpiceJet: Budget air carrier plans to announce a purchase of about 100 Boeing 737-8 Max aircraft. (Economic Times)
- Mahindra & Mahindra: The commercial vehicles maker is trying to make two of its popular vehicles more appealing to the buyer, as competition intensifies. (Economic Times)
- Bharat Petroleum, Indian Oil, Hindustan Petroleum: Oil firms and banks agree to split card payment charges at petrol pumps (Mint)
- Reliance Infrastructure: Company drops plans to sell five airports in its portfolio although it plans to sell other assets to become almost debt free by March 2018. (Business Standard)
- Havells India: The electrical equipment major proposes to focus its attention on the domestic market, a shift away from its earlier strategy of looking at international markets. (Business Standard)
- Bank of Baroda: Lender declares 200 borrowers as wilful defaulters with dues totalling Rs 2,212 crore. (Business Standard)
- Oil & Natural Gas Corp: Congress MP Jairam Ramesh seeks market regulator SEBI probe into ONGC's GSPC stake buy. (Economic Times)
Infosys Earnings Preview
- India's second-biggest software exporter will report its third-quarter results on Friday.
- Revenue is expected to decline marginally by 0.1 percent and net profit is likely to see a deeper 1.2 percent cut
- FY17 revenue guidance, which was cut to 8.5-10.5 percent in the second quarter, will be a key metric to watch out for
Earnings Watch
- IL&FS Transportation Networks
- Gruh Finance