Home / Markets / Stock Markets /  Stocks to Watch: Adani Ports, telecom companies, Tata Steel, Wipro, Affle India

Stocks to Watch: Adani Ports, telecom companies, Tata Steel, Wipro, Affle India

Indian markets lost 1% on Tuesday as investors grew nervous on increasing localised lockdowns amid rising covid cases. (MINT_PRINT)Premium
Indian markets lost 1% on Tuesday as investors grew nervous on increasing localised lockdowns amid rising covid cases. (MINT_PRINT)

  • The ministry of corporate affairs has relaxed some compliance requirements for businesses, including the rules governing the schedule of board meetings, in view of the challenges thrown by the second wave of the covid-19 pandemic

NEW DELHI: Here are the top 10 stocks that could be in focus today:

Adani Ports and SEZ: The company reported a 288% jump in consolidated net profit to 1,321 crore for the quarter ended March. Consolidated total income increased to 4,072.42 crore for the fourth quarter as against 3,360.17 crore in the year-ago period.

Telecom companies: The Department of Telecom on Tuesday approved applications of telecom companies -- Reliance Jio, Bharti Airtel, Vodafone and MTNL -- for conducting 5G trials but none of them will be using technologies of Chinese entities. The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.

Banks and financials: The Reserve Bank of India Governor Shaktikanta Das will make an unscheduled address at 10 am on Wednesday. Meanwhile, US Treasury Secretary Janet Yellen conceded that interest rates may have to rise to keep a lid on the burgeoning growth of the US economy.

Tata Steel: The company will report its March quarter earnings today. The steel major reported a profit of 4,010 crore in the December quarter. Consolidated revenue rose over 11% to 39,809 crore during the third quarter.

Wipro: The IT company said on Tuesday it will invest £16 million (about $22 million) over the next four years to set up a 20,000 sq. ft. innovation centre Holborn, London. The centre will serve as Wipro’s flagship centre in the UK and offer technology expertise to companies globally.

InterGlobe Aviation: The board of the company that runs IndiGo will meet on 7 May to discuss raising funds through a qualified institutional placement (QIP). Earlier in January, it had shelved plans to raise funds up to 4,000 crore through a qualified institutional placement (QIP), opting instead to raise money through sale and lease back (SLB) transactions and other alternative options.

Maruti Suzuki India: The country's largest carmaker expects some impact on its production if lockdowns and curfews imposed across various states continue amid the second wave of COVID-19 sweeping across the country. The auto major, which has around 50 per cent market share in the domestic passenger vehicle segment, anticipates a hit on the manufacturing activities as lockdowns would impact the functioning of its sales network.

Hindustan Aeronautics Ltd: The state-run company and UK’s Rolls-Royce have signed a memorandum of understanding (MoU) to establish packaging, installation, marketing and services support for Rolls-Royce MT30 marine engines in India.

RBL Bank: The private lender on Tuesday reported a 34% decline in its March quarter profit to 75 crore compared to 114 crore in the year-ago period due to provisioning for possible loan losses that it sees in the retail unsecured segments. The city-based lender's net profit for FY2020-21 increased marginally to 508 crore from the year-ago's 506 crore. Total income during the January-March quarter fell to 2,611 crore from 2,709 crore in the year-ago period

Affle India: The company announced the closure of its qualified institutional placement offer on 4 May. The fund raising committee of the company has determined and approved the issue price of 5200 per equity share (including premium of 5190 per share) to be allotted to eligible qualified institutional buyers. The price of 5200 per equity share takes into account a discount of 222.94 per equity share (4.11% to the floor price).

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Recommended For You
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsFeedbackRedeem a Gift CardLogout