Nifty futures on the Singapore Exchange were trading 57 points, or 0.53 per cent, higher at 10,755, indicating a positive start for the Nifty50. Here’s a list of stocks which may hog limelight in today’s session:
Reliance Nippon Life Asset Management (RNAM): The company has filed draft papers with the regulators for the fourth tranche of the CPSE Exchange Traded Fund. The ETF, likely to be launched in the last week of November, will raise Rs 8,000 crore with a green shoe option to retain Rs 4,000 to Rs 6,000 crore.
Deepak Nitrite: The Vadodara-based Deepak company said that search operations were being carried on by the income tax department at the company premise.
Dr Reddy's Laboratories: The audit of Formulations Srikakulum Plant (SEZ) Unit II, Andhra Pradesh by the US FDA, has been completed with zero observations.
Oil India: The company board will on Monday Consider and approve issuance of debt securities in domestic or overseas markets.Besides, the company will consider a share buyback proposal.
IT stocks: Cognizant said mid-term growth will accelerate to 7-11 per cent in constant currency terms. It expanded its buyback authorisation to $5 billion.
Nestle India: Nestle is pitted against Anglo-Dutch consumer giant Unilever in the final round of negotiations for GlaxoSmithKline’s consumer nutrition business in India that includes the prized Horlicks malt drink brand, said three people aware of the development.
Siemens: The company reported more than 55 per cent decline in standalone profit to Rs 279.2 crore for the quarter ended on September 30, 2018. The company had reported a net profit of Rs 62 ..
NTPC: The company has invited expression of interest (EoI) for construction of fly ash-based geopolymer concrete roads at its plants to demonstrate use of this technology, a company official said.
DLF: DLF Cyber City Developers, a joint venture between DLF and GIC, expects about Rs 350 crore annual rental income from its upcoming commercial project at Gurugram which will get completed by March next year, sources said.
TCS: Tata Consultancy Services is looking at scaling up to $100-million clients in engineering research and design (ER&D) outsourcing as deal sizes and durations in the space continue to grow, a senior TCS executive said. ER&D is a fast-growing part of outsourcing spend.
HDFC: Housing finance firm HDFC said it has disbursed over Rs 1,100 crore subsidy to over 51,000 customers under the government's flagship scheme Pradhan Mantri Awas Yojana (PMAY).
Infosys: Infosys Friday said it has completed the formation of its joint venture with Temasek that will provide the Singapore-based company and its other clients with solutions in advanced technologies, including cloud, data analytics and artificial intelligence.
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