Stocks to watch out for on August 3
Nifty ended Wednesday’s trade at 10,081 level down by 33 points, whereas BSE Sensex closed lower by 98 points at 32,476 level in Wednesday’s trading session. Reserve Bank of India (RBI) trimmed repo rate by 25 basis points in its third bi-monthly monetary policy on Wednesday.
Following are the important stocks to watch out for on Thursday:
Larsen & Toubro: The company has received an order worth Rs 3,375 crore to build a metro rail project for the government of Mauritius on Wednesday. L&T has been upbeat about metro rail projects and is executing such ventures in Riyadh, Doha and 17 other locations in India.
Reliance Communications: The National Company Law Tribunal (NCLT) is likely to announce its decision on whether to admit R Com merger proposal with Aircel.
Karnataka Bank: The Bank has raised interest rates on savings bank account for large balance above Rs 1 crore to 5% while for small balances below Rs 1 lakh, the bank has reduced it to 3%. Earlier the private bank was charging 4% irrespective of the amount in the account.
Sical Logistics: The company is ready to provide the corporate guarantee to the extent of Rs.40 crores to Kamarajar Port Limited on behalf of the company’s subsidiary for execution of the modification project.
Axis Bank: Bank has issued Senior Fixed Rate Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.
Wipro: The IT company partnered with and is investing in Tricentis to deliver end-to-end hyper automation across the quality lifecycle.