A computer screen displaying graphs at a bank in Mumbai, India (Photographer: Abhijit Bhatlekar/Bloomberg News)

Stocks to Watch: HCL Tech, Infosys, Tata Steel and More

The Nifty Futures on the Singapore Exchange, an early indicator of Nifty performance in India, declined 0.3 percent to 8,635.

Here are all the stocks to watch today

  • Metal stocks: India to impose temporary anti-dumping duty on some steel products
  • Ambuja Cement: Gets 82,300 tonne coal linkage from Gevra Siding, 16,500 tonne from Kusmunda & 20,400 tonne from Niljai
  • Godrej Consumer: Unit acquires 100 percent in Hair Credentials
  • Indian Bank: To raise up to Rs 1000 crore via tier 2 bonds
  • Insecticides: In marketing pact with Nihon Nohyaku unit
  • Piramal Enterprises: To raise Rs 215 crore via NCD

Media Reports

  • SpiceJet said to plan cargo ops as separate unit (Economic Times)
  • India may restrict subsidies to private firms if they don’t cut prices of non-urea fertilisers by up to Rs 5,000 per tonne (PTI)
  • NMDC said to consider mining rare earth minerals (PTI)
  • TCS: Inks two big-ticket office lease deals (Business Standard)
  • Reliance Industries: Government’s auditor red-flags $1.6 billion excess cost recovery by Mukesh Ambani-led firm (PTI)
  • Infosys to invest in $100 million VC fund (Economic Times)

Earnings to Watch

  • Bata India Q1
  • Berger Paints India Q1
  • Cadila Healthcare Q1
  • Capital First Q1
  • Carborundum Universal Q1
  • Dishman Pharmaceuticals Q1
  • Emami Q1
  • Entertainment Network India Q1
  • Gulf Oil Lubricants India Q1
  • HCL Technologies Q1
  • Kajaria Ceramics Q1
  • PC Jeweller Q1
  • Ramco Cements Q1
  • Ramco Systems Q1
  • Titan Q1
  • TTK Prestige Q1

Earnings Reaction to Watch

  • EIH: Q1 loss Rs 12.24 crore versus Rs 21.15 crore profit YoY
  • Torrent Power: Q1 profit Rs 45.62 crore versus Rs 223 crore YoY
  • Tata Investment: Q1 net Rs 33.87 crore versus Rs 36.53 crore YoY
  • JM Financial: Q1 net Rs 86.09 crore versus Rs 72.35 crore YoY
  • HEG: Q1 loss Rs 28.92 crore versus Rs 7.05 crore loss YoY
  • UFO Moviez India: Q1 profit Rs 9.82 crore versus Rs 17.74 crore YoY

GST Boost

The long-pending GST Bill will be tabled today for consideration and passage in Rajya Sabha amidst strong indications that the most important economic reform in the last couple of decades would be supported by Congress and all other major political parties.