Stocks in Focus: During trading today, there will be focus on many stocks including TCS, Infosys, Wipro and Voda Idea.
Market Outlook: Domestic equity benchmark indices BSE Sensex (BSE Sensex) and Nifty 50 (Nifty 50) opened with strength today (January 12). Chartist believes that the current bullishness of the market is going to continue. According to Nagraj Shetty, Technical Research Analyst, HDFC Securities, Nifty can reach 18200/18350 within a week. It is getting immediate support at the level of 17870. Talking about individual stocks, today the focus will be on stocks like TCS, Infosys, Wipro, Voda Idea, Bharti Airtel, Future Retail, DLF and Tata Teleservices.
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Today the focus will be on these stocks
- Tata Consultancy Services (TCS): The board of the giant IT company TCS will announce the results of December 2021 quarter and April-December 2021 today. Apart from this, the board can also decide on the third interim dividend. The company has informed that the Board of Directors can decide on the buyback of shares in the meeting to be held today. This will be the fourth buyback in six years.
- Infosys: According to analysts, the growth of IT company Infosys can be up to 4 percent in constant currency term in December 2021 quarter. Apart from this, their stand on margins is mixed.
- Wipro: Analysts believe that Wipro’s revenue growth can be 5 percent in the last quarter October-December 2021.
- Vodafone Idea: Vodafone Idea on Tuesday informed the Department of Telecom to consider the option of converting the outstanding AGR and spectrum auction installments into government equity. After the government stake, the government will have the largest holding in Vodafone. The government will hold 35.8 percent stake in Vodafone.
Voda-Idea shares fall by 17%, negative response from investors regarding government stake
- Bharti Airtel, Voda-Idea, RIL: Telecom companies have recommended to telecom regulator TRAI to reduce the reserve price for 5G spectrum by more than 90 per cent in the upcoming auction. Apart from this, these companies have also recommended a moratorium of 5-6 years without any advance payment.
- Tata Teleservices: After Vodafone Idea, Tata Teleservices (Maharashtra) on Tuesday informed about opting to convert interest on AGR dues into equity. After this, the government’s stake in Tata Teleservices will increase to 9.5 percent.
- Future Retail: The Supreme Court on Tuesday reserved its verdict on Future Retail’s plea against the Delhi High Court’s decision. Future Retail has sought the Supreme Court’s nod to go ahead with regulatory approval for the Rs 24713 crore merger deal with Reliance.
- DLF: Veteran realty company DLF on Tuesday informed about the sale of property worth Rs 1500 crore in the newly launched housing project of Moti Nagar in Delhi. This is showing signs of strong demand in luxury apartments. On Friday, DLF launched a luxury housing project ‘One Midtown’ at Shivaji Marg in Motinagar, in which apartments are available for Rs 3 crore.
You can bet on these stocks in intra-day
According to Reliance Securities, today you can bet on UltraTech Cement, Divislab and Indigo in intra-day.
- ULTRACEMCO: In the price range of Rs 7530- 7570, you can take a long position with a target price of Rs 7730 and a stop loss of Rs 7450.
- DIVISLAB: In the price range of Rs 4450-4490, you can take a long position with a stop loss of Rs 4420 and target price of Rs 4650.
- INDIGO: In the price range of Rs 2050- Rs 2070, short positions can be taken with a target price of Rs 1980 and a stop loss of Rs 2105.
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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