Top 5 stocks in focus on July 12: HCL, Telecom sector to Cipla, here are the 5 newsmakers of the day
The domestic market remained flat on July 11, 2018, as the BSE Sensex and Nifty closed in green while BankNifty depreciated by 78.35 points. But there were certain stocks that made news on the day and can have an impact on the market on July 12, 2018.
The domestic market remained flat on July 11, 2018, as the BSE Sensex and Nifty closed in green while BankNifty depreciated by 78.35 points. But there were certain stocks that made news on the day and can have an impact on the market on July 12, 2018. Here is the list of five stocks that should be watched on July 12, 2018:
HCL Technologies: The Board of Directors of the Company is scheduled to meet today to consider a proposal for buyback of equity shares of the company.
Telecom Sector: The Telecom Commission on Wednesday approved the recommendations of the Telecom Regulatory Authority of India (Trai) with regard to net neutrality. The policy aims to give shape to the government's agenda to expand the internet to every corner, thereby giving a push to its Digital India initiative. The policy also proposes to review various levies like licence fees, spectrum usage charges, and universal service obligation fund. Telecom Commission is the highest policymaking body in the department of telecommunications (DoT).
Sun Pharmaceutical Industries Ltd: The company's US subsidiary, DUSA Pharmaceuticals, has filed a trade secret misappropriation and interference claim against Biofrontera Inc. in the district court of Massachusetts.
Shree Cement: The company's wholly owned step-down subsidiary company viz. Shree International Holding Limited incorporated in UAE on July 11, 2018, completed the acquisition of 97.61 per cent stake Union Cement Company, UAE (UCC).
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Cipla: The pharmaceutical company has acquired a 100 per cent stake in Mirren, a South African over-the-counter (OTC) pharmaceutical manufacturer and distributor. The transaction is subject to the approval by the Competition Commission of South Africa.
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