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The GIFT Nifty index on Friday (July 12), around 8:30 am, indicated a positive start for Dalal Street. The index was up 48.5 points or 0.2 per cent at 24,454.5 points. The India VIX, an indicator of volatility in the stock market, was down 3.03 per cent at 14 points read more
 "Shares of TCS, HCL Tech, Azad Engineering, DLF, IREDA, and LT Foods shares in focus")
GIFT Nifty hinted at a positive start for the share market on Friday. Reuters
The GIFT Nifty index on Friday (July 12), around 8:30 am, indicated a positive start for Dalal Street. The index was up 48.5 points or 0.2 per cent at 24,454.5 points. The India VIX, an indicator of volatility in the stock market, was down 3.03 per cent at 14 points.
Global cues remained nagative. In the US, the tech-heavy Nasdaq, and the broad-based S&P 500, snapped their (at least) week-long streak of record highs, after softer-than-expected inflation data raised expectations of an interest rate cut. Asian shares, tracking Wall Street, also fell in early trade.
Ahead of the Indian stock market opening on Friday, here’s a look at the stocks to watch:
TCS: Tata Group’s flagship company, on Thursday, released its quarterly earnings report. Teh company said its profit rose by 8.7 per cent to Rs 12,040 crore, while revenue grew 5.4 per cent to Rs 62,613 crore.
Jio Financial Services: The company has received approval from the Reserve Bank of India (RBI) for converting into a “Core Investment Company” from a “Non-Banking Financial Company” (NBFC).
LT Foods: LT Foods has inaugurated a new state-of-the-art facility in the United Kingdom (UK). The rice and rice-based food market in the UK is worth around £1 billion. To tap this opportunity, LT Foods has made an initial investment of £7 million in this new facility with a commitment of further investment upto £50 million in the coming years.
Rashtriya Chemicals and Fertilizers Ltd (RCF): The State-owned company on Thursday (July 11) said its board of directors has approved a contract with Topsoe for the revamp of its ammonia plant at RCF Thai. The contract has been valued at Rs 514.6 crore.
Azad Engineering: Azad Engineering has been awarded the order to manufacture and supply critical rotating components for to Siemens Energy Global for their Global demands of Advanced Gas & Thermal Turbine Engines for a tenure of 5 years.
Oriental Rail Infrastructure: The company’s wholly-owned subsidiary, Oriental Foundry, has received an order worth over Rs 432 crore for the manufacture and supply of 1,200 BCVM-C wagons from the Indian Railways.
DLF: DLF Info City Chennai Limited, a wholly-owned subsidiary of DLF Cyber City Developers, in which DLF Limited holds 66.67 per cent of its total paid-up share capital, has acquired additional 4.95 per cent of total paid-up share capital of Tulip Renewable Powertech.
IREDA: The company is set to announce its results for the first quarter of financial year 2025 on Friday.
HCL Technologies: The company is set to announce its results for the first quarter of financial year 2025 on Friday.
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