Customer Care : +91-9707221221
Slide img

Stock Market News | Intraday Stock Tips | Tradebizz Research

Top Ten stocks focus on 12 January 2018

TCS: India's largest software exporter reported a net profit of $1.01 billion on revenue of $4.78 billion for the quarter ended December. In rupee terms, it reported a profit of Rs 6,531 crore on revenue of Rs 30,904 crore.

Infosys: The second largest IT major will announce its quarterly numbers today. Brokerage firm KR Choksey Shares and Securities believes that InfosysBSE -0.24 % may report a growth of 1.4 per cent in dollar revenues for Q3 FY18 with a cross currency tailwind of 14 bps. It said that Infosys' muted growth will be on account of seasonal weakness and poor show at BFSI and retail segments. The numbers will be out around 3.45 pm.

Reliance Industries: A media report suggested that Reliance Industries' telecom venture Reliance Jio Infocomm is planning to create its own cyptocurrency, JioCoin.

Adani Enterprises: Billionaire Gautam Adani is the latest to jump into the affordable mortgage lending business, with Adani EnterprisesBSE -0.37 %, the holding company of the Adani Group, looking to set up a housing finance company that will offer home loans through realty developers and will also lend directly to retail customers.

Karnataka Bank BSE 1.97 %, GAIL: Sintex, GAILBSE 0.85 %, Karnataka Bank and RIIL are among a dozen companies which will report their quarterly earnings today.

Capital First: Capital First says that it analyze various occasion on a regular basis amid market talk that the Mumbai-based non-banking finance company could be considering a merger with IDFC Bank, which is up for sale.

Tata Motors: HSBC has maintained 'buy' rating on Tata Motors with a target price of Rs 500. Tata Motors domestic India business is on the path of recovery and has the possibility to make a difference to the stock price in the coming years, said HSBC.

indiabulls Real Estate: The company through its wholly-owned subsidiary Yashita Buildcon has entered into a binding and definitive agreement to acquire a prime and newly constructed commercial building, having leasable area of approx 2.5 lac sq ft in Gurugram.

Pidilite Industries: CLSA has retained 'sell' rating on Pidilite IndustriesBSE 0.04 % with a target price of Rs 870. Pidilite remains one of the best franchises in the building materials space but we believe valuations at 40 times FY20 earnings basis leave little room for upside, particularly given a 13 per cent earnings CAGR over FY18-FY20 period.

Bharati Defence: Lenders to Bharati Defence and Infrastructure have asked interested parties to provide a resolution plan for the company which is facing insolvency proceedings at a bankruptcy court. The company faces claims in the range of Rs 8,500 crore from financial and operational creditors.

Add your comment

Your email address will not be published. Required fields are marked *

  • Copyright © 2016 Trade Bizz
    Trade bizz India