Top stocks to watch out for on August 4
Markets ended their Thursday’s trade in negative territory. BSE Sensex lost over 238 points at 32, 237 level and Nifty lost 67 points at 10,013 level.
Nifty Bank lost over 380 points or 1.52% at 24,675 level. The index witnessed biggest 1 day loss in 9 months. Bank stocks were major dragger for the markets. Going forward, following are the top stocks to watch out for on Friday’s trading session:
Biocon: The company has got form 483 with 10 observations from U.S. FDA for its plant in Bangalore. The stock lost over 2.4% on Thursday to close at Rs 374.85 per share on NSE.
Infosys: The company announced a definitive agreement to acquire Brilliant Basics, a London-based product design and customer experience (CX) innovator known for its world-class design thinking-led
approach and experience in executing global programs.
M&M: The board approved sale of part of its shareholding in Mahindra Logistics (MLL), a subsidiary of the company, as part of the proposed initial public offering of MLL.
JBF Industries: Board will discuss the sale or restructuring of its overseas subsidiaries in its meeting scheduled on August 10.
Reliance Communications: National company Law Tribunal (NCLT) is likely to take a call whether to admit the company’s merger with Aircel.