L&T Infotech, TTK Prestige, IEX in focus

Indian markets extended its winning run for the sixth-straight day on Monday on the back of aggressive buying in metal and select IT and financial shares. Today, the markets are likely to continue the bull run with positive start tracking gains in global markets. Traders will be taking encouragement as Union Minister Shobha Karandlaje said the Centre has infused Rs 1,31,000 crore to boost agriculture and allied sectors with special emphasis on becoming an export-oriented economy as India has tremendous potential to satiate global demand. Some support will come as preliminary data of the commerce ministry showed that the country’s exports rose by 40.5% to $15.13 billion during October 1-14 on account of healthy performance by key sectors such as petroleum products, engineering and chemicals. Here is the list of top stocks that could be in focus on October 19.

Results today: Hindustan Unilever, Nestle India, ACC, ICICI Prudential Life Insurance Company, L&T Technology Services among others will release their September 2021 quarter earnings today, 19 October 2021.

L&T Infotech: Larsen & Toubro Infotech (L&T Infotech) reported 11.1% increase in consolidated profit to Rs 551.70 crore on 8.8% rise in revenue to Rs 3767 crore in Q2FY22 over Q1FY22.

TTK Prestige: The company said that the board of directors of the company will consider sub-division/split of equity shares of the company in its meeting scheduled on 27 October 2021.

IEX: The board of directors of Indian Energy Exchange (IEX) will consider the proposal for declaration of bonus issue of equity shares in its meeting scheduled on 21 October 2021.

HG Infra Engineering: The company has been declared as L-1 bidder by National Highways Authority of India (NHAI) for two HAM projects.

Edelweiss Financial Services: The company said that Edelweiss Group has announced the divestment of its majority stake in Edelweiss Gallagher Insurance Brokers Ltd (EGIBL), post approval from the Insurance Regulatory and Development Authority of India (IRDAI).

Dixon: Dixon Technologies (India) said its wholly owned subsidiary- Padget and Orbic, a US based smartphone manufacturer has entered into agreement for manufacturing of smartphones at Padget’s manufacturing facility situated at Noida.

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