Stocks to Watch on July 7: Nifty futures traded 61.5 points, or 0.31 per cent, lower at 19,488, signaling that Dalal Street was headed for a negative start on Friday. Here’s a slew of stocks that will be in focus today for various reasons.
Infosys: IT company Infosys set up a new subsidiary in Canada under its US arm Infosys Public Services. IPS Canada announcement is the latest development in a series of investments made by Infosys which has expanded the employee count to over 7,000 with a commitment to increase to 8,000 employees by 2024.
IOC: Indian Oil Corporation to invest Rs 54,000 crore on various major projects in Tamil Nadu in the next few years. The projects include the new 9 MTPA grass-roots refinery along with CPCL at an estimated cost of Rs 35,580 crore at Nagapattinam, product pipelines at Rs 2,600 crore, city gas distribution projects at Rs 7,570 crore and gas pipelines, including for LPG, at Rs 2,225 crore.
Titan: Titan registered a 20% on-year revenue growth for the quarter ended 30 June, and the key consumer businesses recorded double-digit growth. The flagship jewellery portion saw a 21% on-year growth.
