Overnight Digest: Stocks to lookout on July 18
The stocks to watch out on July 18 include Jindal Stainless, LTI, Dhanlaxmi Bank, Wipro and Vedanta.
Jindal Stainless Ltd.: To curb counterfeit products of the company which are available in the market, it has launched a nationwide co-branding initiative with Pipes and Tubes (P&T) manufacturers.
Larsen & Toubro Infotech: The company signed an agreement to acquire Lymbyc Solutions Private Limited along with additional offices in Chennai and Texas, US.
Dhanlaxmi Bank: For the first quarter ended June 30 of FY20, the bank reported net profit of Rs. 19.84 crore as compared to a net loss of Rs. 45 crore for the same quarter of previous year.
Wipro Limited: The company has posted a net income of Rs. 23.9 billion for Q1FY20 with 12.6 per cent growth YoY. For Q1FY20, the company gained net profit of Rs. 24,021 million an increase of 14.74 per cent YoY.
Vedanta Limited: In a latest auction, the company won 10 oil & gas exploration blocks.