Infosys, TCS, Wipro, Tata Teleservices, DLF and more: Top stocks to watch out for on Jan 12

SUMMARY

Stocks to watch: Infosys, TCS and Wipro will report their quarterly earnings today while Tata Teleservices, DLF, Delta Corp are among a few others that will be closely watched. SGX Nifty50 futures rose 0.6 percent to 18,195.5 as of 7:18 am hinting at a gap up open for Indian benchmark indices. Here are the top stocks to watch out for in trade on Wednesday:

By CNBCTV18.comJan 12, 2022 7:53:28 AM IST (Updated)

Infosys, Tata Consultancy Services, Wipro | These companies are slated to report their quarterly earnings today.

DLF | The company clocked sales worth Rs 1,500 crore for its initial offering in ONE Midtown, a newly launched luxury residential project in New Delhi.

Tata Teleservices Maharashtra | The company will convert interest on AGR, spectrum dues into equity. After conversion, Government will hold a 9.5 percent stake in the company.

UltraTech Cement | The company announced the commissioning of Line II of the Bara Grinding Unit in Uttar Pradesh, having a cement capacity of 2 mtpa (million tonnes per annum). The Line I was earlier commissioned in January 2020 and is already operating at a capacity utilisation in excess of 80percent.

Delta Corp | The company reported a higher consolidated profit at Rs 70.38 crore in Q3FY22 against Rs 1.28 crore in Q3FY21, while revenue jumped to Rs 247.22 crore from Rs 120.82 crore YoY.

RITES | The company has signed an agreement with SMEC Group to cooperate and explore infrastructure projects.

Federal Bank | The board of directors of Fedbank Financial Services, a subsidiary of Federal Bank, has approved initiating the process of an initial public offering by way of fresh issue and offer for sale.

Vikas Lifecare | The company has posted consolidated profit at Rs 2.82 crore in Q3FY22 against Rs 0.06 crore in Q3FY21. Its revenue rose to Rs 106.74 crore from Rs 9.43 crore YoY.

PI Industries | Life Insurance Corporation of India acquired 72,000 equity shares in the company through open market transactions on January 10. Post this, LIC's shareholding rose to 5.03percent from 4.98percent earlier.

Indian Railway Finance Corporation | The company has appointed Joint Lead Managers and Joint Bookrunners for its $700 crore global medium-term note programme. The proceeds of the Notes will be allocated to eligible green assets under the issuer's Green Financing Framework.