Delta Corp, Nazara Tech, OnMobile Global, TCS, HCL Tech, Bharti Airtel among top stocks to watch today
Stocks to watch: Bharti Airtel has acquired an additional 20.6 per cent stake in the SD-WAN startup, Lavelle Networks. With this, Bharti Airtel's total ownership will increase to 45.6% in the SD-WAN startup.
Stocks to watch: The GIFT Nifty was trading 11 points, or 0.06 per cent higher at 19,548 levels, indicating a flat-to-positive start to trading on Dalal Street on Wednesday.
Here's a list of the stocks that may remain in focus today.
Delta Corp, Nazara Tech, OnMobile Global, Zensar Tech and other online gaming and casino stocks are expected to trade actively today as the Goods & Services Tax Council on Tuesday agreed to levy a 28 per cent tax on online gaming, casinos, and horse racing, and the tax would be levied on full face value. Post-GST Council decision, Nazara Tech, in its regulatory filing on July 12, issued a clarification saying that this tax, once implemented, will apply only to the skill-based real-money gaming segment of its business. "The contribution of this segment to our overall consolidated revenues for the financial year FY23 was 5.2 per cent," it said.
Happiest Minds Technologies announced on July 11 that it has launched a qualified institutional placement (QIP) issue, at a floor price of Rs 972.16 per share. The company is planning to raise up to Rs 500 crore from it.
PVR Inox, Cineline: GST Council on Tuesday agreed to reduce GST on foods and beverages served in cinema halls from 18 per cent to 5 per cent.
Bharti Airtel has acquired an additional 20.6 per cent stake in the SD-WAN startup, Lavelle Networks. With this, Bharti Airtel's total ownership will increase to 45.6% in the SD-WAN startup.
Jubilant FoodWorks, Avadh Sugar & Energy will trade ex-dividend today.
TCS: The IT bellwether will release its Q1 numbers today. The company may announce a share buyback. READ MORE
HCL Tech: The IT services company is also slated to announce its June quarter numbers today, along with its bigger peer TCS. READ MORE
SpiceJet, other aviation stocks: Aviation watchdog DGCA has put SpiceJet under "enhanced surveillance" amid the budget airline's multiple financial headwinds in recent months, a senior official said on Tuesday, but the carrier refuted any such development. It also comes against the backdrop of various lessors seeking repossession of aircraft leased to SpiceJet, and some of the cases have been settled by the airline.
Maruti, M&M, Tata Motors: The GST Council on Tuesday increased the cess on SUVs and MUVs by 2 per cent to 22 per cent. This compensation cess will be levied apart from the 28 per cent GST. It is applicable to utility vehicles (UV) with an unladen ground clearance of at least 170 mm, a 4-metre length, and an engine of over 1500 cc.
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