Stocks to watch out for on Wednesday
The Indian equity markets are expected to open on a flat-to-positive note on Wednesday on the back of positive leads from the Asian peers. The SGX Nifty was trading at 9,881, indicating that the Nifty may open with gains of 25 points at the opening bell.
Here are the stocks to watch out for on Wednesday:
ICICI Lombard: Shares of ICICI Lombard General InsuranceCompany will list on bourses on Wednesday. ICICI Lombard IPO issue had got subscribed by 294% or 2.94x as of 1645 hours. The total issue size of the issue stood at 6,16,66,740 shares. It received total bids of 18,13,02,000 shares while the total bids received at cut-off price stood at 3,16,84,774 shares.
TCS: TCS’ UK based subsidiary Diligenta secured a 15-year deal from Scottish Widows.
Aurobindo Pharma: Aurobindo Pharma has received Form 483 with 2 observations from the US FDA.
IDBI Bank: IDBI Bank has tied up with Boston Consulting Group to boost financial health.
Petron Engineering: Petron Engineering has received order worth Rs 280 crore from JSW Steel.
Madhucon Projects: The company is looking to sell its road projects but buyers for the same are not yet finalised.
Reliance Industries: The company is in talks to acquire DEN Networks, move to help RIL launch home broadband, cable TV services soon.
Blue Star: Blue Star forays into engineering facility management (EFM).