Sun Pharma share price: Sun Pharma, HCL Tech and Karnataka Bank among top stocks to track today


NEW DELHI: Domestic stocks are likely to open in the green tracking Asian markets and Nifty futures of Singapore Stock Exchange (SGX). At 08:09 am, the Nifty futures on SGX traded 34.50 points or 0.32 per cent higher at 10,982, indicating a positive start for Nifty50.

Here is a list of top stocks that are likely to be in focus in today’s trading session –

Sun Pharma: Sun Pharma’s US subsidiary DUSA pharmaceuticals has filed patent infringement suit against German drug maker Biofrontera.

HCL Tech: The company’s board will consider the share buyback proposal today. Analysts largely believe the size of the buyback would be around Rs 3,500 crore.

Fortis Healthcare: Malaysian healthcare giant IHH Healthcare is poised to win the bid for Fortis Healthcare after it offered to pay Rs 180 per share. The Fortis board will meet and make an announcement on Friday, ET reported.

Earnings today: IT firm Cyient and PSU bank Karnataka Bank will announce their quarterly numbers on Thursday. Crown Tours, Talwalkars Lifestyles and Inditalia Refcon will also release their June quarter earnings during the day.

Hindustan Unilever: HSBC has maintained ‘buy’ rating on the stock with target price of Rs 1,800 per share. It said risk-reward is still favourable for HUL.

Axis Bank: Macquarie has maintained ‘outperform’ rating on the stock with target price of Rs 615.

Cipla: UBS said Cipla remains top pick in pharma. It has maintained ‘buy’ rating on the stock with target price of Rs 730 per share.

IDBI Bank: LIC-IDBI Bank deal may conclude by the end of September, said a PTI report.

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Power Grid: The company’s unit Warora Transmission starts commercial operation.

Polaris Consulting: According to an ETNOW report, the company will be suspended from July 25 upon delisting.

Coffee Day Enterprises: Coffee Day Enterprises, which runs coffee chain under brand name Cafe Coffee Day, said its subsidiary has entered into an agreement with Uber Portier BV for the distribution of food products in India.

Shree Cement: The company’s subsidiary completed acquisition of 97.61 per cent stake UCC.

Shree Ajit Pulp and Paper: Shree Ajit Pulp And Paper has received a export order for supply of 1,240 MT kraft paper valued approximately Rs 4.06 crore.

Omaxe: It has executed a concession agreement with North Delhi Municipal Corporation (North DMC) for the redevelopment/reconstruction of multi level car parking at Gandhi Maidan, Delhi.

Satin Creditcare Network: The company’s board has approved the proposed transfer of the company’s MSME business to wholly-owned subsidiary (WOS) upon its incorporation and registration of such WOS as a non-banking financial company with Reserve Bank of India.





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