Ten stocks in focus in Friday morning trade

NEW DELHI: The Indian market is expected to trade in a range on Friday tracking muted trend seen in other Asian markets.

"There is certainly more upside left. What is commendable is that the index has made a double-bottom on the hourly charts at levels around 7,605 -7,606. The Nifty50 ended up recovering almost 70-75 points from those levels," said Sandeep Wagle, Founder & CEO, Power My Wealth.

"I think one can expect further gains to the tune of 40-50 points; I think 7730-7740 on the index can be tested. In that sense, I would expect the short-term bottom may be have been made for the next day or two. But whether we are out of the woods, is still not clear. I would want a close above 7,800 on the index," he added.

Here is a list of top ten stocks that are likely to be in focus today:

Infosys Ltd: Infosys has started working on new software platforms to ensure differentiation from other top-tier rivals as part of the broader goal of India's second largest software exporter to touch $20 billion in revenue by 2020.

Maruti Suzuki Ltd: India Ltd, the nation's biggest carmaker by sales, plans to raise prices of its cars by up to 20,000 rupees ($300), starting Jan. 1, to offset cost increases and unfavourable foreign exchange rates, said a media report.

Cipla Ltd: Drug major Cipla said its board has approved the transfer of its consumer healthcare business to a wholly-owned subsidiary--Cipla Health--for a total consideration of Rs 16 crore.

Tata Motors Ltd: Jaguar Land Rover Automotive PLC, a unit of India's Tata Motors Ltd., will sign an agreement this week to build a new factory in Slovakia that could eventually produce up to 300,000 cars a year, said a media report.
Idea Cellular Ltd: Idea Cellular launched its own 3G network in Kolkata on Thursday, expanding the company's third-generation services coverage to 13 markets.

Texmaco Rail & Engineering Ltd: The company announced that the its consortium with Hitachi Japan, Mitsui & Co. and Hitachi India has won a contract for the design and construction of signal and telecom works - STP5 (the project), said a media report.

Siemens Ltd: The company has won an order worth Rs 102 crore to supply a 400 kV Gas Insulated Switchgear (GIS) Substation to West Bengal State Electricity Transmission Company Limited (WBSETCL).

TCS Ltd: Country's largest software services firm Tata Consultancy Services(TCS) will add 3,000 seats at its Kalinga Park centre in Bhubaneswar, as it expands its presence in Odisha.

Titan Company and Shilpa Medicare Ltd: RBI has allowed Titan Company and Shilpa Medicare to raise investment limit for foreign participants to 35 per cent and 30 per cent, respectively.

NBCC Ltd: State-owned NBCC has bagged a contract worth Rs 188 crore from the Indian Culinary Institute Society.