CNBC-TV18's top stocks to watch out for on February 7

SUMMARY

The Indian benchmark indices BSE Sensex and NSE’s Nifty50 are likely to open little changed on Friday, tracking flat trades in global markets over rising concerns of coronavirus in China. However, the RBI’s move to provide further credit support to ailing sectors may aid markets. At 7:14 am, the SGX Nifty was trading 3 points or 0.02 percent lower at 12,126.50, hinting at a flat beginning for the Sensex and Nifty50. Here are the top stocks to watch out for:

By CNBC-TV18Feb 7, 2020 8:03:46 AM IST (Published)

Adani Enterprises: Airbus India and Adani Defence signed an agreement on Thursday to leverage synergies in aerospace and aircraft services, a fast-growing sector that is estimated to generate annual business worth USD 6.3 billion in the country by 2025.

Wipro: Wipro has won a multi-year strategic IT deal from Marelli. This partnership will help Marelli standardise, simplify and further enhance lT services at a global level.

BEML: The company launched its latest products at Defence Expo 2020 including an advanced version of Medium Bullet Proof Vehicle (MBPV).

Minda Industries: The board approved the draft Scheme of Amalgamation of Minda iConnect Private Limited with the company. (Minda Facebook Page)

Bharti Airtel: DoT has conveyed to the company that the schemes of arrangement regarding demerger of consumer mobile business of Tata Teleservices and Tata Teleservices Limited have been taken on record.

Emami Group: The company has entered into a binding agreement with Nuvoco Vistas Corporation Ltd to sell 100 percent equity in its cement business for an enterprise value of Rs 5,500 crore. | Unsplash

Lakshmi Vilas Bank: At least two new suitors — DBS and Indostar Capital — have emerged for the ailing Chennai-based private sector lender.

Hero MotoCorp: Q3 profit has risen 14.5 percent to Rs 880.4 crore while revenue dropped 11 percent to Rs 6,996.7 crore YoY.

Aurobindo Pharma: Q3 profit slipped 1 percent YoY to Rs 705.3 crore.

Bata: Q3 profit jumped 13.6 percent to Rs 117.2 crore and revenue increased 6.5 percent to Rs 829.6 crore YoY.