Top 13 stocks in focus today: Infosys, HCL Tech, Banking stocks
Banking stocks in focus as Cabinet approved Rs 2.11 lakh crore PSU Banks’ recapitalization plan for a two year period.
Infosys Q2 FY18 consolidated revenue for the quarter came in at Rs. 17567 crores, registering 2.9% QoQ increase. This was primarily driven by 6% QoQ increase in revenues from Life sciences, Healthcare and Insurance segment.
Government to sell up to 4.58 crore shares or 3% stake with an option to sell an additional 3.05 crore shares or 2% stakein NLC. Floor price at Rs. 94 per share.
Lupin receives USFDA approval for generic Lodosyn tablets used for the treatment of Parkinson’s disease
Kaya to provide bank guarantee for an amount of $4 million to Kaya DMCC.
5 Paisa Capital allots shares in ratio of 1:25 to shareholders of IIFL.
RBI imposed Rs 6 crore penalty on Yes Bank for non-compliance Of RBI directions on Income Recognition Asset Classification.
RBI imposed Rs 2 crore penalty on IDFC Bank due to non-adherence with certain directions pertaining to sanction and renewal of loans and advances.
Ambuja cements Q2 FY18 standalone revenue for the quarter came in at Rs. 5376 crore, registering 5% yoy increase. This was primarily driven by volume growth of 11% yoy to 5.02 MT in Q2FY18 vs 4.5 MT in previous year corresponding quarter.
Road & highway stocks in focus today. The Rs 6.92-lakh-crore, five-year roads programme approved by the cabinet on Tuesday, which includes the Bharatmala project, seeks to generate 142 million mandays of work and addresses one of the biggest criticisms against the government -that not enough jobs are being created.
The Anil Ambani-owned telecom operator will shut down its direct-to-home (DTH) business, operating under Reliance Digital TV, effective November 18. The company has cited expiry of DTH licence as the reason for closure.
Wockhardt arm Wockhardt Bio AG Gets US FDA Nod For Abiraterone Acetate Tablets (Used To Treat Castration-resistant Prostate Cancer)Alkem Labs gets US FDA Nod For Esomeprazole Magnesium Capsules