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

SUMMARY

The Indian market is likely to open higher on Thursday tracking a positive momentum in the Asian peers. At 7:15 am, the SGX Nifty was trading 80.50 points or 0.57 percent higher at 14,261.00, indicating a positive start for the Sensex and Nifty50.

By CNBC-TV18Jan 7, 2021 7:34:49 AM IST (Published)

Real estate stocks | Developers such as Godrej Properties, Oberoi Realty, Indiabulls Real Estate, Sunteck Realty, Mahindra Lifespaces, among others will be in focus after Maharashtra Cabinet approved the proposal to cut real estate premiums by 50 percent till Dec 31, 2021, as recommended by Deepak Parekh Committee.

Telecom companies | Bidding for the sixth round of spectrum auction for radiowaves worth Rs 3.92 lakh crore will start from March 1, according to a notice issued by the Department of Telecom.

Tata Consultancy Services | Tata Sons tendered shares worth Rs 9,997 crore of TCS during the IT major’s Rs 16,000-crore buyback offer that concluded recently. The single largest shareholder of TCS, Tata Sons tendered more than 3.33 crore shares during the offer.

Maruti Suzuki | The company’s production in December 2020 increased to 1.55 lakh vehicles from 1.15 lakh vehicles in the same month last year.

State Bank of India | Moody's Investors Service voluntarily withdrew the ratings on the short-term foreign currency programme of SBI and its branches under its USD 10-billion global medium-term note programme "for its own business reasons".

Lupin | The company has received approval from the US FDA to market its generic version of sulfamethoxazole and trimethoprim oral suspension used to treat bacterial infections.

Bandhan Bank | The bank’s loans and advances grew by 23 percent to Rs 80,255 crore in Q3FY21 as against Rs 65,456 crore, YoY. Total deposits increased by 30 percent to Rs 71,188 crore from Rs 54,908 crore, YoY.

Sobha Ltd |The company’s sales volume in Q3FY21 rose to 11.3 lakh sq ft from 10.7 lakh sq ft, YoY. Total sales value increased to Rs 887.6 crore from Rs 726.1 crore, YoY.

Dixon Technologies (India) | The company has partnered with boAt for the manufacturing of Twin wireless speakers. Dixon shall be manufacturing the said Products from its manufacturing facility located at Noida, Uttar Pradesh.

Wendt | The company’s promoters will sell up to 4.74 percent stake in the company via offer for sale on January 7-8, floor price set at Rs 2,200 per share.

Dish TV India | 1.84 percent stake pledged by promoter entities Direct Media Distribution Ventures Pvt Ltd & Veena Investments Pvt Ltd has been invoked.

Capital Trust | Credit rating of the company and its subsidiary, Capital Trust Microfinance has been reaffirmed by CARE as BBB Negative and the outlook is Stable.

Kanpur Plastipack | The company incorporated a wholly-owned subsidiary, Bright Choice Venture.

Take Solutions | CARE Ratings has revised the credit rating of the company to BB+ (Issuer Rating) with Negative outlook, from BBB (Issuer Rating) with Negative outlook.