Pre-Market information-Infosys, TCS, Wipro, Tata Motors, and others will be in focus today

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The US markets were in green last night. The European markets closed higher. This morning the Asian markets are showing mixed trend. The US inflation was at 7%, highest in last 39 years. India’s CPI inflation for December stood at 5.59%. SGX Nifty indicates a positive opening for Indian markets.

IT stocks will continue to be in focus. IT majors TCS, Infosys, and Wipro posted Q3 results yesterday. Mostly, the results are in line with estimates. Morgan Stanley raised target price for Infosys to Rs.2250. UBS sets a target price for TCS Rs. 4180. Morgan Stanley sets a target price for Wipro at Rs. 775. HCL Technologies, Persistent Systems, Mphasis, and other mid and small cap IT companies will post their results in upcoming days.

The following stocks will be in focus today:

Tata Motors: JLR retail sales have been impacted by the global semiconductor chip shortage in Q3. However, its wholesale sales and production volumes up 8% and 41% respectively in Q3.

Mastek: This IT company will consider interim dividend on January 19, 2022.

Nazara Technologies: It will consider preferential issue of shares on January 17.

Dixon Technologies: It entered into a JV agreement with Rexxam for manufacturing of printed circuit boards for ACs. The PLI scheme is applicable for this JV.

Kotak Mahindra Bank: The board resolution to cap promoters’ voting rights at 26%.

Lumax Industries: The company has commenced its commercial production at its new manufacturing plant situated at Bawal, Haryana. This unit makes electronic components for automotives.

Titagarh Wagons: The company has acquired the land and infrastructure of Precision Shipyard located in Falta, West Bengal.    

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

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