Stocks to watch for Wednesday
Indian equity markets are likely to open higher on Wednesday, following the rally on Wall Street overnight and positive sentiment prevailing in the Asian markets. Following are the important stocks to watch out for on Wednesday:
Fortis Healthcare: Rekha Jhunjhunwala, wife of investor Rakesh Jhunjhunwala, bought 45 lakh shares or 0.9% stake in Fortis Healthcare through a bulk deal on Tuesday at Rs 134.65 per share.
Infosys: Infosys founder NR Narayana Murthy will talk to investor and analysts in a conference call on Wednesday evening. Murthy is expected to speak on issues related to the ongoing leadership crisis at Infosys sparked by the exit of its CEO, Vishal Sikka.
Hindustan Copper: The company is looking to invest around Rs 5,000 crore over the next four years as it makes a strategic shift to value-added products and ramps up mine capacity three-fold.
DLF: The company’s board meet is scheduled on August 25 to review the status of the proposed sale of compulsorily convertible preference shares to GIC.
Omkar Speciality Chemicals: The company received renewal certificate for its in-house R&D unit from DSIR.
Eris Lifesciences: The RBI has hiked the foreign investment limit in Eris Lifesciences to 49%.