Stock Ideas for Today: Stocks in Perspective: Varroc Engineering, Apollo Hospitals and Quess Corp Among the Best Stocks to Follow

NEW DELHI: Domestic stocks are expected to start negative on Friday in a context of global weakness. On Thursday, US President Donald Trump confirmed that the United States would start charging duties on Chinese imports of $ 34 billion at 12:01. At 08:14, Nifty futures on the Singapore Stock Exchange (SGX) were trading at 38.50 points, down 0.36 percent at 10,719.50, indicating a negative start for Nifty50.

Here is a list of the actions most likely to be the object of particular attention in the trading session of today –

Varroc Engineering : The Automotive components maker will debut on the stock market today. The company's IPO of 1,955 rupees, which took place from June 26 to 28, was subscribed 3.6 times.

Berger Paints: The paint company signed an agreement with Rock Paint (Rock Paint) of Japan to form a joint venture (JV) to sell automotive paints in India and Nepal.

Infosys: Reports indicate that Dalal Street is worried about the benefits of Infosys. "There was a rumor on the street that the company is likely to disappoint on the front of the constant currency growth and also that a big fund was selling the stock," ET reported quoting an badyst with a company's domestic brokerage.

Apollo Hospitals: Apollo Hospitals Enterprise acquired a 50 percent stake in Medics International Lifesciences, which operates a hospital in Lucknow, for Rs 91 crore ($ 13.2 million).

Godrej Consumer Products: Godrej Consumer Products sold its brand of Snuggy diapers to Nobel Hygiene for an undisclosed amount, leaving the juvenile segment that it introduced almost 15 years ago .

Info Edge: Info Edge (India) announced Friday that it would invest about 190.51 rupees in Etechaces Marketing & Consulting – which manages PolicyBazaar.com – with MacRitchie Investments.

ITC: The global brokerage firm CLSA retained the "buy" rating on the stock with a target price of Rs 340.

Bharti Airtel: HSBC maintained the "buy" rating on Bharti Airtel with a target price of Rs 565.

Gujarat Gas: Gujarat Gas (GGL) seeks to recover the full ownership of 50% of GAIL Gas in Vadodara Gas (VGL), according to media reports.

Tata Steel: The CEO of German industrial giant Thyssenkrupp Heinrich Hiesinger announced Thursday his resignation, a few days after hailing the merger "historic" steel activities of the company with Tata Steel, reported PTI.
[00009004] Phoenix Mills: The Island Star Mall Developers (ISMDPL), a strategic investment alliance owned by The Phoenix Mills and the Investment Board of the Pension Plan Canada (CPPN), has acquired a parcel of land in Wakad Pune.

Welspun Enterprises: The company received a letter of intent from NHAI for a road project in Tamil Nadu worth Rs. 2,004.51.
Quess Corp: Quess Corp said it had collaborated with East Bengal Football Club, the 98-year-old football club in Kolkata, to create a new entity – Quess East Bengal FC (QEBFC).


Umang Dairies: ICRA reaffirmed the long-term rating of BBB-, previously allocated to the Umang Dairies Rs 34 crore line of credit, and also awarded a long-term rating of BBB- at the additional limit of Rs 17 crore. The outlook for long-term ratings is stable.

Sobha Developers: The real estate company's sales bookings for the first quarter of fiscal year 19 rose 22 percent year-over-year to Rs 762.4 crore.

Shoppers Stop: The oldest chain of department stores in the country plans to focus on private labels to boost growth. It plans to double its contribution to higher-margin private brands, to exclusively launch international brands and celebrities, to renovate several stores and to strengthen the management team.