Overnight Digest- Stocks to look out for on January 27
DSIJ Intelligence / 25 Jan 2017
The stocks which could see a significant movement on either side on January 27 are Exide Industries, IDFC Bank, Avanti Feeds, ITC, SPARC, India Cement, Wipro, Mphasis and infrastructure stocks.
The stocks which could see a significant movement on either side on January 27 are Exide Industries, IDFC Bank, Avanti Feeds, ITC, SPARC, India Cement, Wipro, Mphasis and infrastructure stocks.
a) Exide Industries and IDFC Bank: The stocks of battery maker and private sector lender will be reacting to their Q3 numbers on Friday.
b) Avanti Feeds, ITC, SPARC and India Cement: All eyes would be on these companies as they would be reporting its Q3 earnings on Friday, January 27, 2017.
c) Wipro: The company has informed the BSE in an exchange filing that it has acquired Info Server, a specialised IT services provider for banking, financial services and insurance sector in Brazil for a consideration of USD 8.7 million.
d) Mphasis: The company has informed BSE in an exchange filing that the board will consider the equity buyback proposal on January 31, 2017.
e) Infrastructure stocks: Infrastructure stocks are likely to be in high spirits on Friday with an announcement expected from Abu Dhabi Crown Prince, Sheikh Mohammed bin Zayed, who has contributed around USD 75 billion in Indian infrastructure market.
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