Top stocks to watch out for on May 17: Infosys, PNB, Bajaj Auto, Dr. Reddy's, Indian Oil

SUMMARY

Indian shares are likely to open little changed on Friday, in line with Asian stocks, as investor sentiment remained jittery amidst the ongoing Sino-US trade tensions. At 7:05 AM, the SGX Nifty was down 0.04 percent, at 11,300, indicating a muted start for the Sensex and the Nifty. On Thursday, the benchmark indices closed near day's high with Nifty finishing above 11,250 level. Asian shares struggled for footing after tough week as the fallout from US President Donald Trump's move to block China's Huawei Technologies from buying vital American technology weighed on stocks. Here are the top stocks to watch out for in today’s trading:

By CNBC-TV18Nov 12, 2019 4:17:35 PM IST (Updated)

Infosys: Bengaluru-based tech services giant on Wednesday announced 'Expanded Stock Ownership Program 2019' as part of a strategy to attract and retain top talent.

PNB and PNB Housing: The two firms have decided to terminate their stake sale deal with the interested companies - Varde Holdings, General Atlantic - respectively.

Tata Motors, J&K Bank: Home-grown auto major Tata Motors Thursday said it has tied up with J&K Bank for retail financing of its commercial vehicles, including buses. As part of the pact, both entities will be working together to offer retail finance solutions for the entire range of cargo and passenger carriers, Tata Motors said in the release.

Bajaj Finserv: The firm on Thursday posted a 32 percent rise in consolidated net profit at Rs 839 crore for the March quarter of financial year 2018-19.

IFCI Ltd: Sebi on Thursday slapped a Rs 2 lakh fine on IFCI's IFCI Financial Services for lackadaisical behaviour as it failed to comply with power of attorney guidelines.

Larsen and Toubro, Mindtree: L&T's stake in Mindtree has crossed 26 percent to 26.48 percent. The engineering conglomerate will now get a seat in the Mindtree board. The firm is awaiting Sebi's go-ahead for the open offer.

Minda Industries Limited: The auto ancillaries firm on Thursday announced the merger of its four wholly-owned subsidiaries with itself.

JK Tyre Ltd: JK Tyre & Industries on Thursday reported a 78.81 per cent decline in consolidated net profit at Rs 33.66 crore for the quarter ended March 2019 due to high raw material costs and expenses.

Bharat Forge: Auto component major Bharat Forge on Thursday said it has rolled out one millionth finished machine crankshaft from Pune for German commercial vehicle major Daimler.

Q4 Results today: Bajaj Auto, DRL, UPL, IOC, CESC, Engineers India, Balkrishna Industries, Arvind, Bajaj Holding, Corporation bank, City Union Bank, Gujarat Industries, Jubliant Life sciences, Khadim India, Dr lal pathlabs, PI industries, Zee learns, Sobha, Ajmera realty, Gokaldas exports, GP Petroleums, Jtekt India,Kiroskar Oil engines, Monnet Ispat & energy, MPS, Polyplex cor, Sical logistics, Allsec tech, Sanghi Ind, Siyaram silk, VLS Fin, CESC Ventures, Paisalo Dig, Spencers Retail, Uniphos enterprises, National Peroxide, Sundaram finance (stock image)