Stocks in Focus on April 12: TCS, Infosys & Jet Airways; here are the 5 newsmakers of the day
TCS, Infosys, Lakshmi Vilas Bank, and Jet Airways are some of the stocks which are in focus today.
Indian domestic stocks market closed with gains on Thursday, April 12, 2019. But there were certain stocks, like Lakshmi Vilas Bank, Jet Airways and Sterlite technologies, came in the news after the market was closed for the day and can have an impact on the market on Friday, April 12, 2019. Here is a list of five such stocks:
TCS/Infosys: Two IT heavyweights, Tata Consultancy Services (TCS) and Infosys, will announce their fourth quarter results of the financial year 2018-19 (Q4FY19) today.
Lakshmi Vilas Bank: The board of the bank will meet today to consider raising funds through equity shares.
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Jet Airways: The cash-strapped airline Jet Airways has cancelled all international flights till Friday morning due to the scarcity of funds. Besides, the good news for the company is that Etihad Airways has formally communicated its intent to raise its stake in Jet Airways.
Sterlite Technologies: The board of the global data network solutions company Sterlite Tech will meet on April 23, 2019, to consider financial report of the Company for the year ended March 31, 2019. Besides, it will also consider a proposal to raise funds by issue of equity shares or any other securities convertible into equity shares.
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Coromandel International: ICICI Prudential Life Insurance has reduced its stake in Coromandel International by 2.03 percent.
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