Stocks in focus: HCL Tech, Strides Shasun, Can Fin Homes

NEW DELHI: After a day of breather, domestic stocks once again succumbed to the trade war concerns on Thursday. The picture doesn't seem very different on Friday as well as weak global cues and Nifty futures on Singapore Stock Exchnage (SGX) indicate a negative start for Nifty50. At 08:12 am, the Nifty futures of SGX were trading 19 points or 0.18 per cent lower at 10,714.

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

HCL Tech: HCL Technologies has signed a five-year global IT infrastructure and application services deal with Nokia. The deal is expected to be worth upwards of $500 million, said an ET report.


Can Fin Homes: Canara Bank subsidiary Can Fin Homes plans to raise Rs 7,000 crore through a mix of debt securities and equity allotment to fund its business growth, meet working capital requirement and repay debt.

Havells India: Havells India has acquired 100 per cent stake in Bengaluru-based Promptec Renewable Energy Solutions.

AstraZeneca Pharma: The pharma company on Thursday announced that it has received Import & Market permission for Durvalumab (ImfinziTM) in India by the Drug Controller General of India (DCGI).

JSW Steel: JSW Steel is expected to make a bid for ArcelorMittal’s Galati plant in Romania, according to a Reuters report.

KPIT Technologies: The company has announced a strategic collaboration with Kinetiq to deliver new life sciences focused business technology applications.

Indiabulls Real Estate: It plans to raise Rs 480 crore through issue of debentures on private placement basis.

Wipro: The IT firm on Thursday announced that it has been positioned as a Leader in Gartner's Magic Quadrant 2018 for Oracle Application Services, Worldwide.

Raymond: The company has completed the acquisition of 26% equity stake with voting rights of Shahane Solar Power.

Strides Shasun: The pharma company has announced receipt of prequalification from the World Health Organization (WHO) for their 100mg rectal artesunate suppositories (RAS) for the pre-referral management of severe malaria.

Navkar Corporation: The company's board has approved the allotment of 99,790 6 per cent cumulative redeemable preference shares of Rs 100 each to the preference shareholders of Navkar Terminals.

Oberoi Realty: The real estate company has allotted 2.4 crore equity shares at Rs 500 each via QIP to investors including Fidelity, Goldman Sachs.

Havells India: CLSA has maintained ‘buy’ rating on Havells India with a target price of Rs 655. The firm said FY19 is likely to be a decisive year for Lloyd as it gains scale with the commissioning of a captive manufacturing facility and with footprint expansion.

Bharti Infratel: Brokerage HSBC has maintained ‘hold’ rating on the company and has cut target price to Rs 315 from Rs 344.

Tata Steel: According to a Bloomberg report, Thyssenkrupp Steel Europe Works Council has cautioned against hasty deal with Tata Steel.