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Tech Mahindra, HDFC Bank, Eicher Motors, Airtel

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Trends on SGX Nifty indicated an uptrend in the domestic markets.

New Delhi: Domestic stock markets are expected to trade in the green on Tuesday amid cues from global markets. Asian stocks rose as Wall Street earnings boosted the macroeconomic outlook, although fresh concerns about China’s asset sector hit markets in Hong Kong and the mainland. SGX Nifty trends also indicated a return to the markets home. Nifty futures were trading up 18,217.50 points or 0.35 per cent on the Singapore Stock Exchange.

On Monday, the benchmark BSE Sensex closed 145.43 points or 0.24 per cent higher at 60,967.05. The broader NSE Nifty was up 10.50 points or 0.06 per cent at 18,125.40.

Here are the stocks to watch during today’s session:

Tech Mahindra: IT firm TechM has reported a 25.7 per cent rise in its consolidated net profit at Rs 1,338.7 crore for the quarter ended September 30, 2021. This is against a net profit of Rs 1,064.6 crore in the July-September 2020 quarter.

HDFC bank: Competition Commission of India (CCI) approved the acquisition of 4.99 per cent stake in HDFC ERGO General Insurance Company of private lender HDFC Bank. HDFC ERGO General Insurance Company is a joint venture between HDFC and European insurer ERGO International AG.

Eicher Motors: Shareholders of Eicher Motor have approved the proposal to re-appoint Siddharth Lal as the Managing Director of the company for a period of five years with effect from May 1 this year. The members also approved the proposal to increase the honorarium of Lal.

Bharti Airtel: The telecom operator has informed the Center that it will opt for a moratorium of four years on payment of AGR (adjusted gross revenue) and spectrum dues. As part of the recently announced relief package for the telecom sector, the option of deferment dues was offered to telcos. Airtel told the government that it would take a moratorium of four years “with the option of prepayment as per NIA (Notice Inviting Applications) norms”.

BPCL: Bharat Petroleum Corp has run into bad weather with bidders struggling to find partners and spread their financial risks, news agency Bloomberg reported, citing sources. The three suitors – Vedanta Group, Apollo Global Management and I Squared Capital – are in talks with global energy giants and sovereign and pension funds, but have not been able to finalize partners, the report said. .

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