June 23, 2024


Passion For Business

Stocks to watch: Hindalco, Motherson Sumi, Wipro, Metropolis Healthcare

At 08:36 am, Nifty futures on the Singapore Exchange (SGX) were trading 180.80 points or 2 per cent higher at 9,209, indicating a gap-up start for the Indian market on Wednesday.

Here’s a look at the top stocks that may remain in focus today –

Wipro: Wipro is slated to announce its March quarter results (Q4FY20) later in the day. Most brokerages expect the company’s revenue growth to come in at the lower end of the guided range of 0-2 per cent in the constant currency (CC) terms. READ MORE

Info Edge: Gurugram-based food delivery platform Zomato and e-grocer Grofers on Tuesday refuted reports that they are in acquisition or merger talks after reports surfaced that Zomato may acquire Grofers for nearly $750 million.

Hindalco: The Aditya Birla Group flagship Hindalco has further cemented its position as the world”s largest producer of value-added aluminium products with the completion of the USD 2.8 billion acquisition of Aleris by its wholly-owned US subsidiary Novelis Inc.

JSPL: Private steel maker JSPL has bagged an order of 2,308 tonne head hardened rails from Kolkata Metro Rail Corporation, a company official has said. These special rails are used in high-speed freight corridors and metro rail projects.

JSW Steel: Moody’s Investors Service on Tuesday said it has placed JSW Steel’s ratings under review for downgrade. The ratings outlook has been revised to under review from stable, the global ratings agency said in a statement.

Motherson Sumi: The board of the company has given in-principle approval to raise Rs 1,000 crore to enhance liquidity during the uncertain times of coronavirus pandemic.

Metropolis Healthcare: According to a news report by MoneyControl, private equity giant Carlyle is set to sell stake in Metropolis Healthcare via block deal.