Top 5 stocks in focus on July 10: TCS, HCL to SRF limited; here are the 5 newsmakers of the day
Positive global cues suggest that Monday's rally on the domestic market will continue on Tuesday (July 10) too. On Monday, Sensex went up by 276.86 points and Nifty gained 80.25 points to close at 35,934.72 and 10,852.90 respectively. But there are certain stocks, like TCS, IndusInd Bank to SRF Limited, which will remain on focus today.
Positive global cues suggest that Monday's rally on the domestic market will continue on Tuesday (July 10) too. On Monday, Sensex went up by 276.86 points and Nifty gained 80.25 points to close at 35,934.72 and 10,852.90 respectively. But there are certain stocks, like TCS, IndusInd Bank to SRF Limited, which will remain on focus today and have an impact on the market. Here are the top five stocks to watch out for on July 10:
Tata Consultancy Services (TCS): The country's largest IT services exporter firm will be releasing its June quarter results today. It is expected to continue with good performance in the first quarter of the financial year 2018.
IndusInd Bank: The private sector lender is expected to release its June quarter results today. Analysts expect that the bank will report a consistent performance but there are fears that high provisioning of the bad loans may drag the bank's performance.
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HCL Technologies: The company's board is scheduled to meet on July 12 to consider a proposal to buy back equity shares of the company.
Idea-Vodafone: The Department of Telecommunications (DoT) has cleared the merger of Vodafone India and Idea Cellular with conditions to deposit Rs 3,926 crore as spectrum dues and a bank guarantee of Rs 3,342 crore. The merger, which is going to be the largest M&A deal in the sector, will displace Bharti Airtel from the No. 1 spot after over 15 years.
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SRF Limited: The chemical firm has announced that it is setting a plant in Thailand with an investment of Rs 410 crore (USD 60 million). It has said that it will set up Bi-axially Oriented Polyethylene Terephthalate (BOPET) film line and a resin plant in Thailand.
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