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Business News/ Markets / Stock Markets/  Stocks to watch: IRCTC, Infosys, Torrent Pharma, JSW Steel, DLF
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Stocks to watch: IRCTC, Infosys, Torrent Pharma, JSW Steel, DLF

Finance Minister will hold a review meeting with heads of PSU banks today to discuss various issues
  • IRCTC which concluded its ₹645 crore IPO recently, to make stock market debut today
  • Future Group said it will buy infrastructure assets of Future Enterprises Ltd for around ₹4000 crore. (Photo: Hindustan Times)Premium
    Future Group said it will buy infrastructure assets of Future Enterprises Ltd for around 4000 crore. (Photo: Hindustan Times)

    Here is a list of top 10 stocks that may be in focus on Monday:

    IRCTC: Indian Railway Catering and Tourism Corporation, which recently concluded its 645 crore initial public offering (IPO), will make its stock market debut today. Shares will be listed on the BSE and National Stock Exchange. The IPO, which was open for subscription from 30 September-4 October, was subscribed 112 times at a price band of 315-320 a share.

    Infosys: The IT major posted its earnings for the September quarter on Friday after market hours. Unlike Tata Consultancy Services Ltd that missed the Street’s expectations, Infosys Ltd was marginally ahead of the estimates. TCS’ numbers disappointed investors, who may positively react today as Infosys reported revenue growth of 3.3% in constant currency terms.

    JSW Steel: Enforcement Directorate on Saturday attached assets worth 4,025 crore of Bhushan Power and Steel Ltd in an alleged bank loan fraud, vindicating JSW Steel Ltd’s stand of seeking immunity from criminal proceedings in the ongoing probe against erstwhile promoter of BPSL. National Company Law Appellate Tribunal will hear JSW Steel’s plea today.

    PSU Banks: Finance Minister Nirmala Sitharaman will hold a review meeting with heads of public-sector banks today to discuss various issues, including progress on credit offtake, as part of efforts to revive the economy. The meeting is expected to review fund flow to stressed non-banks and micro, small and medium enterprises sector.

    Future Retail: The retail arm of Kishore Biyani-led Future Group said it will buy infrastructure assets of Future Enterprises Ltd for around 4000 crore. The board, in a meeting held on Saturday, approved the acquisition of retail infrastructure assets of Future Enterprises in one or more tranches.

    Torrent Pharma: Torrent Pharma Inc, the US-based subsidiary of Torrent Pharmaceuticals Ltd, is recalling 73,896 bottles of hypertension treatment tablets from the US and Puerto Rico on account of deviations from current good manufacturing norms, according to the Enforcement Report of the US Food and Drug Administration.

    DLF: India’s largest real estate developer said it clocked bookings of 376 residential apartments for 700 crore in its New Gurugram project. This is in line with its strategy to sell ready-to-move-in inventory to attract homebuyers. The bookings were made in the second phase premium Ultima project having a total of 504 aparments.

    Bank of Baroda: The state-owned lender on Friday said it had signed a binding agreement with BNP Paribas Asset Management Asia Ltd for a potential merger of their mutual fund business. As per the deal, Baroda Asset Management India Ltd will merge with BNP Paribas Asset Management India Pvt. Ltd.

    BSNL: Telecom secretary Anshu Prakash said on Friday that there was no plan to shut down Bharat Sanchar Nigam Ltd, refuting news reports of the government considering to discontinue the state-run operator. BSNL clarified that it will continue to offer telecom services in the country.

    Reliance Capital: Anil Ambani controlled-Reliance Capital Ltd on Friday said the existing management of its broking business, Reliance Securities Ltd, has entered into a binding agreement for buying out the broking and distribution business from Reliance Capital, which owns 100% stake in Reliance Securities.

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    Published: 14 Oct 2019, 08:03 AM IST
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