Top stocks in focus: HDFC Bank, Quess Corp, Tata Motors, Eclerx

Check out the companies which will be in focus during trade today based on recent and latest news developments.

May 23, 2019 02:05 IST India Infoline News Service

Stock Market
HDFC Bank board approved share split of each share into two. Expected time of completion within three-four months from shareholder’s approval in AGM (to be held on July 12).

Quess Corp acquired an additional 30% stake in Golden Star Facilities and Services with an investment up to Rs35cr. With this action, the target company becomes a wholly-owned arm of the company.

Adani Power’s Mundra unit reported a profit of Rs820cr for the six months ended March 31 compared to a loss of Rs1,440cr a year earlier, as per media report.

Tata Motors Group’s business remained well capitalized and consolidated net automotive debt-to-equity is at 0.47 times, Tata Sons said in a clarification sent via an emailed statement.

Biocon’s Health Canada approved company’s and Mylan’s biosimilar product Ogivro.

Eclerx Services share buy-back opens on May 31 and closes on June 14.

Emami stock in focus as SEBI approved Emami Cement’s IPO which could hit the market in the next six months, as per media reports.

SH Kelkar & Company board to consider acquiring the remaining 49% stake in Creative Flavours & Fragrances S.P.A and share buyback on June 10

Fairchem Speciality board approved the demerger of speciality oleochemicals and nutraceuticals business segments into a new wholly owned subsidiary company.

ITI inked an MoU with the Department of Telecommunications for the financial year 2020 for manufacturing of telecom equipment and digital products.

Airline stock in focus today. IndiGo’s passenger growth stood at 20%, SpiceJet’s passenger growth at 1%- lowest in the last 42 months. IndiGo’s market share increased to 50%.

Results today: Indraprastha Gas, Sun TV Network, A2Z Infra Engineering, Amrutanjan Health Care, Dwarikesh Sugar Industries, eClerx Services, Eros International Media, General Insurance Corporation of India, Goldiam International.

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