Reliance Industries, Kotak Bank, D-Mart, Sobha, IndiGo and more: Top stocks to watch out for on Jan 10

SUMMARY

Stocks to watch: Reliance Industries, Kotak Mahindra Bank, D-Mart, Sobha, IndiGo and Mahanagar Gas will be in focus today. SGX Nifty50 futures were up 0.3 percent at 17,907.5 as of 7:04 am on Monday. This uptrend in the contract hinted at a higher opening for Indian benchmark indices. Here is a list of top stocks to watch out for in trade today:

By CNBCTV18.comJan 10, 2022 7:22:12 AM IST (Published)

Tata Steel | The company increased its stake in joint venture company, Medica TS Hospital, to 51 percent from 26 percent.

InterGlobe Aviation | The airline said it will cancel around 20 percent of its flights because of the surge in COVID-19 cases driven by the Omicron variant and waive change fees till March 31 in response to customer needs.

Reliance Industries | RIL announced the acquisition of New York's premium luxury hotel Mandarin Oriental for $98.15 million.

Sobha | The company reported sales volume of 13,22,684 square feet of super built-up area valued at Rs 1,047.5 crore in Q3FY22, up from sales volume of 11,33,574 square feet of super built-up area valued at Rs 887.6 crore in Q3FY21. Sobha share of sale value stood at Rs 908.2 crore during the quarter, up from Rs 677.7 crore in same quarter last year.

Kotak Mahindra Bank | Kotak Group has confirmed in a statement that it has placed on record its objections to inappropriate language used by BharatPe co-founder and MD Ashneer Grover against one of its employees. The firm also confirmed that it had received a notice from Ashneer Grover and his wife Madhuri Grover, accusing the bank of failing to secure financing and allocation of shares in an IPO launched by Nykaa.

Cyient | Aditya Birla Sun Life AMC sold 21.16 lakh equity shares in the company through open market transactions on January 6. Post this, AMC's shareholding has reduced to 33.93 lakh shares from 56.1 lakh shares earlier.

Avenue Supermarts | The company's standalone profit rose nearly 25percent YoY to Rs 586 crore, while revenue came in 22 percent higher at Rs 9,065 crore in Q3FY22.

Mahanagar Gas | The company has hiked CNG price by Rs 2.50 to Rs 66 per kg and PNG by Rs 1.50 to Rs 39.50 per SCM.

CSB Bank | CVR Rajendran decided to take early retirement from the post of MD & CEO and to continue leading the bank till March 31, 2022.

Dilip Buildcon | Subsidiary Sannur Bikarnakette Highways Private Limited has received the financial closure letter from the National Highways Authority of India, for four laning of Sannur to Bikarnakette section of NH-769 under Bharathmala Pariyojana on Hybrid Annuity Mode in Karnataka.