TCS, Infosys, Shriram Finance, Wipro, Delhivery, LTIMindtree among top stocks to track today
Stocks to watch: TCS, announced on Wednesday that it has bagged a GBP 840 million contract with the UKs Nest to enhance the members experience with the pension scheme. T
Stocks to watch: Domestic equities are expected to see a negative start to trading on Thursday amid weak global cues. At 8:31 AM, the Nifty futures on the Singapore Exchange (SGX) traded 46 points, or 0.24 per cent lower at 18,863 levels. Besides, Asian shares made a tentative start to Thursday after Federal Reserve Chair Jerome Powell stuck to his recent hawkish tone as investors assessed the future rate policy path from the Fed.
Here's a list of stocks that may remain in focus today:
TCS: The country's largest IT services exporter, TCS, announced on Wednesday that it has bagged a GBP 840 million contract with the UK's Nest to enhance the members' experience with the pension scheme. The maximum estimated value of the contract can go up to GBP 1.5 billion if it is extended to the entirety of its 18-year tenure, Tata Consultancy Services said in a statement.
Shriram Finance: Jefferies has double-upgraded the stock to Buy from Hold. The target price has been raised to Rs 2,130 from Rs 1,445. The global brokerage said it has upgraded the stock to a stake sale by PIEL and TPG, removing a key equity supply overhang.
Wipro: Wipro's Rs 12,000 crore-worth share buyback will open on June 22 and close on June 29.
Tata Steel: Shares of Tata Steel — Tata Group steel manufacturer — will trade ex-date today, June 22. Previously, the steel major announced a dividend of Rs 3.6 per equity share of face value Re 1 i.e., a 360 per cent payout for the financial year ended March 31 to its shareholders.
Delhivery: Carlyle is likely to exit the company by selling a 2.53 per cent stake in the company through a block deal.
LTIMindtree, a global technology consulting and digital solutions company, has launched Canvas.ai, an enterprise-ready generative AI platform designed to accelerate the concept-to-value journey for businesses using mindful AI principles.
Infosys: Morgan Stanley has an 'overweight' rating on the stock. The target has been cut to Rs 1,440 from Rs 1,475 earlier.
Emami: Goldman Sachs has maintained "Buy" on the stock with a target price of Rs 500. FY24 plays on the twin tailwinds of improving rural demand and moderating input costs, the brokerage added.
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