CNBC-TV18's top stocks to watch out for on January 13

SUMMARY

The Indian market is likely to open on a strong note as SGX Nifty, an early indicator of the opening for Nifty50, was trading 47 points higher at 14,636.20, at 7:41 am, hinting at a positive start for the domestic market.

By CNBCTV18.comJan 13, 2021 7:52:26 AM IST (Updated)

Hero MotoCorp | The company appointed new distributor partners in Nicaragua & Honduras, in Central America. The company has also lined up a slew of new launches, including premium motorcycles there.

Bharti Airtel | The company received approvals for its relevant downstream investments. It is now initiating the process to revise the foreign investment limit to 100 percent with immediate effect.

Tech Mahindra | The company is set to buy the entire stake in payments technology for $9 million.

Tata Elxsi | The company reported a sharp 39.5 percent rise in profit at Rs 105.2 crore in Q3FY21. It's revenue from operations rose some 12.7 percent to Rs 477.1 crore for the said quarter.

Tata Motors | The company reported a net rise of 37 percent in sales at 2.78 lakh units in Q3FY21 — up 1 percent YoY. Its global commercial vehicles wholesales were 4 percent less than the previous quarter — over 90,000 units. While the global passenger vehicle sales were up by 4 percent QoQ — over 1 lakh units.

Bharat Rasayan | The company board approved a share buyback of a 2.2 percent stake via tender route. It will buy its shares at Rs 11,500 per share and spend a total of Rs 110 crore on buyback.

Infosys | Infosys is set to post its Q3 earnings on Wednesday. Experts say that it might post some 9-10 percent YoY growth in its revenue for Q3FY21.

Wipro | The company is slated to post its Q3 numbers on Wednesday. According to experts, its net profit may rise as much as 10 percent YoY.

CESC Limited: CESC Limited will announce its Q3 results today. Also, it will raise Rs 10,000 crore through bonds in two tranches.

V2 Retail | Bennett Coleman & Co Ltd sold 1,81,823 equity shares in the company at Rs 98 per share on the NSE.