Top Nifty50 Stocks in Radar: Infosys, HCL Tech, PowerGrid, Wipro, M&M & More
Infosys (NS:INFY): Ahead of its Q2FY23 earnings announcement, the IT behemoth’s president Ravi Kumar S has resigned from his position after an almost 20-year stint, without the company citing any reason for the move.
Adani Enterprises (NS:ADEL): Subsidiary Adani (NS:APSE) Data Network has been granted a unified licence for access services that allow the company to provide all telecommunications services in the country after the ports-to-energy conglomerate entered the telecom sector in the recent auction.
Wipro (NS:WIPR), HCL Tech (NS:HCLT): The IT giants will release their earnings results for the Sept ending quarter on Wednesday.
Mahindra & Mahindra (NS:MAHM): The leading auto manufacturer and Jio-BP announced to further bolster their existing partnership with the fuels and mobility JV company setting up a robust charging network for the auto firm’s upcoming e-SUVs launches.
Power Grid Corporation of India (NS:PGRD): The Maharatna PSU has acquired a 100% stake in an SPV for building an interstate transmission system for eastern and northeastern regions from the bid process coordinator, REC (NS:RECM) Power Development and Consultancy.
IndusInd Bank (NS:INBK): Goldman Sachs (NYSE:GS) Investment (Mauritius) picked a 0.9% stake or 69,66,712 equity shares of the private sector lender at an average price of Rs 1,167.5/share, while Route One Fund I LP sold 1,20,00,000 shares or 1.54% stake in the lender for Rs 1,401 crore on Tuesday through an open market transaction.
Dr. Reddy’s Laboratories (NS:REDY): The pharmaceutical giant has announced that the World Economic Forum has recognised its largest manufacturing facility in Bachupally, Hyderabad as part of its Global Lighthouse Network.
According to an article on Investing.com, some of the top Nifty 50 stocks to keep on your radar include:
- Infosys
- HCL Technologies
- PowerGrid Corporation of India
- Wipro
- Mahindra & Mahindra
The article lists these companies without mentioning any specific reasons why they should be on an investor’s radar. To make informed decisions about your investment strategy, it’s important to do your own research and consider factors such as a company’s financial performance, future prospects, and overall market conditions.