The list of stocks you provided indicates some of the companies that market participants and investors may keep an eye on during the trading session. Here’s a brief overview of each of the mentioned stocks:
- Vodafone Idea: The telecom company may attract attention due to any significant news or developments related to its operations, financials, or regulatory environment.
- Infosys: As one of India’s largest IT services companies, Infosys often garners attention based on its financial results, business performance, and announcements related to technology trends.
- IndiGo: The airline company is likely to be in focus due to recent developments, such as the potential share sale by the Gangwal family and any updates related to its operations.
- ZEE Entertainment: This media and entertainment company may attract attention due to its business performance, strategic developments, and any updates related to its content offerings.
- VIP Industries: Recent news about changes in leadership and its financial performance may impact investor sentiment toward the luggage and travel accessories manufacturer.
- Tejas Networks: Developments in the telecommunications and networking sector could influence trading activity for Tejas Networks shares.
- ITC: As a diversified conglomerate, ITC may be monitored for updates on its various business segments, including FMCG, tobacco, hospitality, and more.
- Ashok Leyland: The automotive company’s stock performance may be influenced by factors such as economic indicators, vehicle sales, and overall market sentiment.
The domestic equity market experienced a decline on Friday, with both the Sensex and Nifty closing lower. Here’s a summary of the market’s performance:
- Ashok Leyland: The company’s board has approved the acquisition of Ohm Global Mobility Pvt Ltd from OHM International Mobility for a nominal consideration of Rs 1 lakh. The acquisition is pending the operationalization of the target company.
- ITC: ITC reported a 17.58% YoY rise in standalone net profit for the June quarter. However, the revenue for the quarter declined YoY.
- Vodafone Idea: The debt-ridden telecom operator reported a widened consolidated net loss for the first quarter ended June 30. Despite a marginal increase in consolidated revenue, the company faced challenges.
- Tejas Networks: Tejas Networks, a part of the Tata Group, received a significant purchase order worth Rs 7,492 crore for equipment from Tata Consultancy Services (TCS), another Tata Group company.
- VIP Industries: VIP Industries’ managing director, Anindya Dutta, tendered his resignation due to personal reasons. The resignation will be effective from November 13.
- ZEE Entertainment: The markets regulator SEBI announced that investigations pertaining to Subhash Chandra and Punit Goenka of ZEE Entertainment will be concluded within eight months. Both individuals are advised not to hold certain positions during this period.
- InterGlobe Aviation (IndiGo): The Gangwal family, the promoter group of IndiGo, is reportedly considering selling shares worth $450 million via block deals. The family has put 1.56 crore shares on the block with a floor price of Rs 2,400 per share.
- Infosys: Infosys secured an order worth $1.6 billion to evolve and scale Liberty Global’s digital entertainment and connectivity platforms. This contract extends the company’s support to Liberty Global’s technology services platforms.
