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April 26: Here are the top stocks to watch out for
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April 26: Here are the top stocks to watch out for
Apr 25, 2018 10:51 PM

The BSE Sensex on Wednesday fell 115 points to 34,501, while the NSE Nifty slipped 44 points to 10,571.

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NSE

Financials dragged the Nifty Bank, leading to a fall of 228 points to 24,814.

The market, however, is likely to open in the green due to strong global cues.

Here are the top stocks to watch out for

Axis Bank, Yes Bank, SBI Life, among others will declare their quarterly earnings today.

Bhati Infratel, Bharti Airtel, Indus Towers: Airtel gained 3% after the company announced the merger of Bharti Infratel and Indus Towers.

Wipro: After Wipro's disappointing results, Kotak Securities, ratings agency, cut the firm's EPS by 6-7% for the current and next financial years.

LIC Housing Finance: Macquarie expects recoveries in corporate non performing loans in the first half of the current financial year, despite the company posting flat quarterly results.

Oberoi Realty: After the positive earnings and the firm's initiative to incorporate the JD/JV model to add land parcels to growth has gotten a thumbs up from ratings agencies.

Fortis Healthcare: TPG-backed Manipal has upped the hospital valuation to Rs 6,322 crore against the previous Rs 6,061 crore and has further sweetened the offer to acquire the debt-ridden healthcare chain.

UltraTech: Despite a disappointing Q4 result, the volumes will get better, according to Nomura. This is likely because the cement sector is on the cusp of a multi-year cyclical upturn.

PNB: Crisis-hit lender Punjab National Bank (PNB) on Wednesday launched applications to hire detective agencies to “significantly supplement efforts of its officials in recovering dues”.

ITC: Achieving Rs 1 lakh crore in fast-moving consumer goods (FMCG) continues to be ITC's aspiration, said Sanjiv Puri, CEO, to CNBC-TV18.

Raymond: Textile major, Raymond, is set to open another 250 stores by FY19, said Sanjay Bahl, Group CFO.

First Published:Apr 26, 2018 7:51 AM IST

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