Fortis Healthcare, Manpasand Beverages and IDBI Bank among top stocks to track today

NEW DELHI: Subdued global cues and Nifty futures of Singapore Stock Exchange (SGX) indicate a flat to negative opening for domestic stocks on Wednesday.

Here is a list of top stocks that are likely to be in focus in today's trading session:

Fortis Healthcare: The company reported net loss of Rs 932 crore for the quarter ended March 2018 against Rs 67.83 crore loss in the corresponding quarter last year.


Manpasand Beverages: The beverage company is slated to announce its Q4 results today.

Idea Cellular: The company's shareholders have approved changing the name of the No 3 carrier to Vodafone Idea. They also approved raising Rs 15,000 crore via non-convertible securities, which may be used for paring debt of the combined entity.

Infosys: Infosys Finacle, a leading financial services provider in the UK, has announced the launch of a new inter-bank cash management system for its corporate customers.

IDBI Bank: The Life Insurance Corporation of India (LIC) may acquire about 30 per cent additional stake in IDBI Bank primarily through the issuance of fresh equity shares by the beleaguered bank, said an ET report.

Jubilant FoodWorks: It has allotted 6,59,84,520 equity shares of the Company of face value of Rs 10 each as fully paid Bonus Equity Shares in the ratio of 1:1.

Voltas: Jefferies has a ‘buy’ rating on Voltas with a target price of Rs 795. Jefferies believes that the recent stock correction offers a good buying opportunity as the first quarter of FY19 should reflect improved demand trends. This apart, it has clarified it was not aware of media report on Tata Sons selling 9 per cent stake.

Majesco: Majesco, a global provider of core insurance software and consulting services for insurance business transformation, on Tuesday announced that American Capital Assurance Corporation went live with the Majesco P&C Core Suite, inclusive of policy, billing, and claims.

Ramco Cements: L&T Mutual Fund has acquired 5 per cent of the company's stake.

Tata Communications: Tata Communications said it has established a Point of Presence (PoP) at the EdgeConneX Portland Edge Data Center (EDC).

Relaxo Footwears: The footwear company is planning to merge Marvel Polymers and Relaxo Rubber with self. This apart, it has started production at its new state-of-the-art plant at Bhiwadi for manufacture of flip flops.

NDTV: Sebi has directed Vishvapradhan Commercial to make an open offer for New Delhi Television (NDTV) for indirectly acquiring control in the company by entering into loan agreements.

ITC: The FMCG major is going to extend tenure of non-executive chairman YC Deveshwar by another two years from 2020 to 2022.