Top stocks to watch out for on January 21: Wipro, Sun Pharma, L&T, Jet Airways

SUMMARY

Indian shares looked set for a tepid start on Monday, following a subdued Asian market ahead of data likely to show the Chinese economy slowed at the end of last year. Investors also await British Prime Minister Theresa May’s ‘Plan B’ for Brexit which is due to be presented to parliament later on Monday. At 07:14 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.17 percent at 10,954, indicating a mildly positive start for the Indian market.

By CNBC-TV18Jan 21, 2019 7:48:25 AM IST (Published)

Telecom operator Vodafone-Idea has sought two-year moratorium on annual spectrum payment of about Rs 10,000 crore, citing high debt levels and stress on the balance sheet. (Caption credits: PTI/Picture credits: Reuters)

The State Bank of India (SBI)-led consortium of lenders is waiting for the Securities and Exchange Board of India (SEBI) to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways, SBI Chairman Rajnish Kumar said, the Business Standard reported on Saturday. (Reuters)

State Bank of India (SBI) on Saturday said Hitachi Payment Services (HPY) has agreed to pick up 26 percent stake in SBI Payment Services Private Limited (SPSPL), a card acceptance and digital payment platform.(Caption credits: PTI/Picture credits: Reuters)

Engineering major Larsen & Toubro (L&T) on Saturday said market regulatorSebihas denied permission for its Rs 9,000 crore share buyback offer. In a regulatory filing to stock exchanges, L&T said the Securities and Exchange Board of India (Sebi) has asked it not to proceed with the buyback.(Caption credits: PTI/Picture credits: Reuters)

Private lender HDFC Bank on Saturday reported a 20.3 percent growth in net profit to Rs 5,585.9 crore for the third quarter ended December 31, mainly on higher net interest income.(Caption credits: PTI/Picture credits: stock image)

Budget carrier Spicejet's cargo arm SpiceXpress on Friday announced the launch of dedicated freighter services between Guwahati and Hong Kong with a weekly flight, starting Saturday.(Caption credits: PTI/Picture credits: Reuters)

IT services major Wipro Friday posted a 31.8 percent increase in consolidated net profit at Rs 2,544.5 crore for October-December 2018 compared to the year-ago period. The company board also approved an issue of bonus shares wherein shareholders will get one bonus share for every three shares held by them. (Picture credits: Reuters)

Drugmaker, Sun Pharmaceutical Industries, on Friday refuted media reports thatthe company has received a whistleblower complaint over corporate governance issues and has requested the Securities and Exchange Board of India (Sebi) to probe the role of some media houses and other stakeholders.(Picture credits: Reuters)

Results today: Kotak Mahindra Bank, L&T Finance holding, Union Bank of India, Just dial, Sasken Tech, GHCL, Hindustan Zinc, IRB Invit fund, HUDCO, Coromandel International, Gallant Ispat, HDFC AMC, Monnet Ispat, Supreme Petrochem.

The Reserve Bank has approved the appointment of V Vaidyanathan as MD and CEO of IDFC First Bank for a period of three years, according to a regulatory filing.(Caption credits: PTI/Picture credits: stock image)