Money Maker Resaerch| Top stocks in focus on 10 October 2017
October 10, 2017
Stock markets in India have opened marginally higher on Tuesday. The BSE Sensex is trading higher by 89 points at 31936 levels, while the NSE Nifty is trading higher by 25 points at 10013 levels in the late morning hours. The rupee opened higher versus the US dollar. It opened at 65.31 and was being traded at 65.28 against the dollar, up by 0.15% from its last close of 65.36. Stocks of Mahindra & Mahindra will be watched out as the company is in discussions with the Karnataka govt for further investments in the state as the company looks at expanding proposals in its electric vehicles division Mahindra Electric. Yes Bank has announced that the company’s board would consider the proposal to raise funds by issuing debt securities in the nature of non-convertible, unsecured BASEL-III compliant additional tier-I bonds on PP basis before 12 October 2017. Lupin Limited announced that the company has received final approval for its Nadolol Tablets USP, from the US Food & Drug Administration to market a generic version of US WorldMeds LLC’s Corgard Tablets, 20 mg, 40 mg and 80 mg.
Infosys Ltd has set 1st November 2017 as the record date for its share buyback programme. The announcement was made on Monday, 9 Oct 2017.