The recent surge in US inflation has reignited concerns about potential interest rate hikes, leading to a decline in both the Nasdaq and Dow Jones indices. Asian markets are displaying mixed performance, with the GIFT Nifty index indicating negative signals. Here are the stocks to keep an eye on today:

Stocks with Positive Developments:

  1. Mphasis – Acquires Sonnick Partners, a US-based company, for $132.50 million in cash.
  2. Lupin – Receives tentative approval from the US FDA for its generic narcolepsy drug, Xyway oral solution.
  3. Indigo – Reports a consecutive third-month increase in market share, reaching 63.40%.
  4. Sun Pharma – CEQUA Phase-4 trials show positive results in patients with dry eye disease.
  5. Angel One – Registers a 59.80% increase in gross client acquisition and a 29.80% rise in revenue on a quarter-over-quarter basis.
  6. GMR Airports – Witnesses a 23% year-over-year growth in total passenger traffic for September.
  7. Anand Rathi Wealth – Experiences a 10% growth in assets under management (AUM) on a quarter-over-quarter basis and raises AUM and revenue guidance for FY24.

Stocks with Negative Developments:

  1. Infosys – Following TCS, Infosys also falls short of expectations, reducing its upper-end FY24 CC Revenue growth guidance to 2.5%. However, Q2 performance exceeded estimates.
  2. HCL Tech – Lowers its FY24 revenue guidance to 4.5% year-over-year, but Q2 results are in line with expectations.
  3. Dr. Reddy’s – Receives observations from the US FDA for its manufacturing facility in Bachupally, Hyderabad.
  4. Panacea Bio – The US FDA issues a form 483 with nine observations for its unit in Baddi, Himachal Pradesh.
  5. Paytm – Paytm Payments Bank faces a fine of Rs. 5.39 crore from the RBI for regulatory compliance issues.
  6. Kesoram – Reports a Q2 margin of 7.80% compared to 6.10%, with an expanded ebit loss in the Rayon and Chemical business year-over-year.

Some important Q2 Results are as follow:

Tata Steel

Den Networks

Aditya Birla Money Ltd.

Vivanta Industries Ltd.

Gujarat Hotels Ltd.

Hathway Bhawani Caabletel & Datacom Ltd

Coromandel Engineering Company Ltd.