CNBC-TV18's top stocks to watch out for on January 14

SUMMARY

Indian markets are likely to open higher on Tuesday over hopes of further measures from government in the Budget 2020 and amid optimism over Q3 earnings. Among the stocks in the news today, Infosys partnered with France based GEFCO to support its digital transformation and ICICI Bank moves the Bombay High Court seeking recovery of bonuses from ousted CEO Chanda Kochhar. Here are top stock to watch out for today

By CNBC-TV18Jan 14, 2020 8:22:56 AM IST (Updated)

Infosys: The IT major has partnered with France-based GEFCO to support its digital transformation. This will enable new supply chain capabilities to extract and process information in realtime and generate purposeful insights with very low latency to help GEFCO respond intelligently and effectively across the value chain.

IRCTC: Ministry of Railways has given its approval to IRCTC to operate Ahmedabad-Mumbai Central Tejas Express for six days a week. This train will have its inaugural run on January 17, 2020 and will start its commercial run from January 19, 2020.

ICICI Bank: The bank has approached the Bombay High Court seeking recovery of bonuses earned by its ousted CEO Chanda Kochhar. The affidavit, filed by the bank at the high court, observed that Kochhar is currently being interrogated by several agencies, including the CBI and the Enforcement Directorate (ED), and said that her petition challenging her sacking claiming violation of RBI rules is a malafide attempt to secure stock options of the bank. (Photo: IANS)

Delta Corp: The company reported 9 percent rise in Q3FY20 net profit to Rs 55 crore as against Rs 51 crore in the same period last year. Revenue remained unchanged at Rs 205.1 crore while EBITDA was down 7.6 percent YoY at Rs 79 crore. EBITDA margin dipped 320 bps to 38.5 percent YoY.

Piramal Enterprises: The Administrative Committee of the Board of Directors of the company approved the amendment to the terms of non-convertible debentures (NCDs) issued vide Information Memorandum dated January 2, 2019 by reducing record date period from 7 days to 1 day before redemption / due date.

Tata Motors: The company’s managing director and chief executive officer Guenter Butschek said that the transition to the cleaner emissions regime, Bharat Stage VI (BS-VI), will not be a smooth ride for commercial vehicles.

Lakshmi Vilas Bank: D Krishnakumar, Vice President, Risk Department took charge as the Chief Risk Officer.

Allahabad Bank: The bank has revised downward the MCLR by 5 basis points (bps) for one month MCLR tenor.

Syndicate Bank: The bank has revised MCLR to 7.50-8.25 percent.

Jaiprakash Power Ventures: ICICI Bank withdraws of application filed with National Company Law Tribunal (NCLT), Ahmedabad Bench.

Coffee Day Enterprises and CG Power & Industrial Solutions: The major stock exchanges, BSE and NSE, will suspend trading in shares of Coffee Day Enterprises and CG Power from February 3 for not declaring quarterly results.

Q3FY20 results today: Wipro, IndusInd Bank, Bandhan Bank, Mindtree, Tata Steel BSL, Network 18, TV18 Broadcast among others.