Top stocks in focus: Persistent Systems, Mindtree, Axis Bank, HCL Tech, HDFC

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

Jan 29, 2019 02:01 IST India Infoline News Service

Buy Hold And Sell Dice Represents Stocks Strategy
Persistent Systems board approved buyback of up to 30 lakh shares or 3.75% equity at Rs750 per share aggregating to Rs225cr.

Mindtree and Coffee Day Ent stock in focus as Income Tax department attached Siddhartha's and Coffee Day's shares, amounting to 4.5% of Mindtree, citing potential claims on an ongoing assessment, as per media reports.

Syndicate Bank determined the issue price of Rs37.75 per share in respect of preferential issue aggregating to Rs728cr to Promoter-Government of India. The bank says that at the determined issue price it can allot up to 43.2cr shares against a capital infusion of Rs1,632cr. With these actions, Government of India’s stake in the bank will increase from 76.16% to 81.23%.

Aurionpro Solutions implements smart solutions in Noida Metro Project by automation of fare collection. This installation has been done between a consortium between SBI, SC Soft and the company itself.

KNR Constructions to sell its entire shareholding in its JV with Cube Highways and Infra to the latter for Rs73.6cr in a phased manner.

Power Grid Corporation of India arm commissioned 765 Kv transmission line in Tamil Nadu on January 26.

Astron Paper & Board Mill arm’s plant to remain shut from January 30 to February 6 for maintenance work.

Zee Media Corporation stock in focus as Vishwapati Trivedi resigned from the post of Independent Director with effect from January 27 citing that he will not be able to contribute in ‘turbulent’ times.

Sharon Bio-Medicine stock in focus as API plant in Taloja, Maharshtra is directed for closure of operations under water and air (Prevention & Control of Pollution) Acts.

Results today: Axis Bank, HCL Technologies, HDFC, Bajaj Finance, Bank of Baroda, Oriental Bank of Commerce, Johnson Controls, Eris Lifesciences, Himadri Speciality Chemical, Indiabulls Integrated Services, Orchid Pharma, Mahanagar Gas, Bharat Financial Inclusion, SORIL Infra Resources, Kingfa Science & Technology (India), Intense Technologies, Lloyds Steels Industries, Teamlease Services, Hester Biosciences, Tata Steel BSL, Crompton Greaves Consumer Electricals, Pokarna, Welspun Enterprises, DCM Shriram, The Ramco Cements, Subex, Tata Coffee, Cera Sanitaryware, Bliss GVS Pharma, WABCO India, Revathi Equipment, Times Guaranty, KEC International, Bajaj Finserv, Electrosteel Castings, KEI Industries, Godrej Consumer Products, Fertilizers and Chemicals Travancore, Eimco Elecon (India), Kansai Nerolac Paints, Ramco Industries, Apar Industries, Info Edge (India), Kalyani Forge, Apcotex Industries, Strides Pharma Science, Granules India.

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