CNBC-TV18's top stocks to watch out for on July 17

SUMMARY

The Indian market is likely to open on a flat note on Friday following a muted trend in Asian peers amid sustained worries over rising coronavirus cases. At 7:30 am, the SGX Nifty was trading 6.25 points or 0.06 percent higher at 10,769.00, indicating a flat-to-positive start for the Sensex and Nifty50.

By CNBC-TV18Jul 17, 2020 7:40:21 AM IST (Updated)

BPCL: The company’s subsidiary Bharat PetroResources Ltd has finalised senior debt financing of $14.9 billion for the two train LNG project for which Final Investment Decision (FID) was announced in June 20, 2019.

L&T Technology Services: The company will acquire US-based Orchestra Technologies for $25 million. Orchestra Technologies is a specialist technology solutions provider for the telecom industry.

Cyient: The company reported a 76.2 percent rise in Q1FY21 net profit to Rs 81.4 crore as against Rs 46.2 crore in the previous quarter. Revenue fell 7.6 percent to Rs 991.7 crore from Rs 1,073.6 crore, QoQ. EBIT increased 10.6 percent to Rs 50.2 crore while EBIT margin expanded by 90 bps to 5.1 percent, QoQ.

Thomas Cook India: The company has inked an agreement to take over the portfolio of Dnata’s Travel India’s corporate travel business.

Bajaj Consumer Care: The company’s Q1FY21 net profit fell 4.35 percent to Rs 54.23 crore from Rs 56.7 crore while revenue declined 15.63 percent to Rs 208.14 crore from Rs 246.70 crore, YoY.

PTC India: The company has invited potential investors to submit their interest for divesting its controlling stake in PTC India Financial Services Ltd.

Endurance Technologies: The company’s Italian subsidiary Endurance SpA has decided to undertake the consolidation of its foundry activities whereby the plant operations, including workmen and necessary plant & machinery, from Grugliasco are shifted to the Chivasso plant. Consequent to this consolidation of plant operations at Endurance Spa, the Endurance Group in Europe now has nine manufacturing plants, of which six are in Italy and three in Germany.

Godrej Industries: The company has allotted NCDs worth Rs 750 crore.

Century Plyboard: The company said that the operations at Joka unit in West Bengal have normalised after partial suspension of the plant due to cyclone Amphan on May 20.

Symphony: The company said that the lockdown in the second fortnight of March resulted in a loss of 15-17 percent of sales for the quarter ended March 2020.

Eveready Industries: IL&FS Financial Services has invoked a pledge on 1.88 lakh shares in the company.

Earnings: HCL Technologies, Britannia Industries, ICICI Lombard, Coffee Day Enterprises, Granules India, Hathway Cable, among others.