Stocks to watch: Infosys, Wipro, Tata Motors

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Tech Mahindra to acquire payment technology services for $ 9 million (around Rs 66 crore)

Domestic stock markets are expected to open in the green, continuing the gains seen over the past 12 trading sessions, according to early indications from SGX Nifty futures trading. Trends on SGX Nifty indicate a positive index opening in India, with a gain of 39 points. As of 7:30 am, Nifty futures were trading at 14,639, up 39 points or 0.27% on the Singapore Stock Exchange.

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On Tuesday, the BSE Sensex climbed 247.79 points to 49,517.11 and Nifty broke the 14,500 mark to close at 14,563.50, up 78.70 points.

Actions to watch during today’s session (January 13)

Infosys

Infosys will publish its results for the December quarter during the day. In the September quarter, the company announced a 20.5% increase in net income to Rs 4,845 crore and raised its forecast for annual revenue growth thanks to the continued strength of its digital services business.

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Wipro

Newsbeep

The IT services major will report its December quarter results today. The company had reported a 3.4% drop in consolidated net profit of Rs 2,466 crore for the quarter ended September 2020.

Tata Engines

The automotive major reported a 1 percent increase in global wholesale sales, including Jaguar Land Rover, to 2.78,915 units in the third quarter of the current fiscal year. The company had sold 2.76,127 units during the period October to December.

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Tech Mahindra

The IT services major will acquire Payments Technology Services, a subsidiary of fintech FIS, for $ 9 million (around Rs 66 crore). The acquisition will give Tech Mahindra access to IP addresses and licenses for two products, Open Payment Framework and Multi-Bank System.

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