Stocks to watch today: Trent, M&M Finance and Kalyan Jewellers among others to track today
Indian equities saw stellar gains in the previous days trade on the back of several benign factors and todays elections outcome on expected lines is said to be positive for the Street in the long-term.
Stocks to watch today: At 7:05 am, Gift Nifty traded higher by 0.68 per cent gains at 23,566, indicating a postiive opening on the D-Street on the D-day. Indian equities on the previous day boosted by a host of favorables such as the exit poll verdict which predicts BJP victory ended sharply higher, registering its best one-day gains in three years. Nifty ended 3.25 per cent higher at 23,263.9, while Sensex added 3.39 per cent to close at a record high of 76,468.78. Here's a host of stocks that will likely see action today:
Trent: Tata Group's retail company is making a foray in the international markets with a flagship store in Dubai, targeting primarily the Indian community.
Kalyan Jewellers: The jewellery retailer has acquired the remaining 15 per cent stake in Candere at a finacial consideration of Rs 42 crore.
M&M Finance: The NBFC's total disbursement in May month has been recorded at Rs 4,430 crore, a growth of 7 per cent on-year. The assets at the company, however, logged a healthy double digit growth of 23 per cent on-year.
Wipro: Shares of the IT major will be in focus after the company appointed Bruno Schenk as the Country Head and Managing Director for Switzerland.
Dr Reddy’s Laboratories: The company’s subsidiary Aurigene Pharmaceutical Services has opened its biologics centre in Hyderabad.
HEG: Global brokerage Jefferies has initiated 'buy' on the counter with a target of Rs 2800.
Ajanta Pharma: Shares of the pharma major will be in focus as the company's buyback will open between June 5 and June 11. The company has plans to buyback as many as 10.29 lakh shares through the tender offer route at a buyback price of Rs 2770 per share.
RVNL: The railway PSU has received an EPC order worth Rs 440 crore from South Central Railway.
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