Stocks to watch: Infosys, Aurobindo Pharma, Wipro, BHEL, Jindal Poly, ADF Foods

The benchmark equity indices BSE Sensex and NSE Nifty are likely to open on a positive note on Friday tracking mixed global cues. Some support will come as Finance Minister Nirmala Sitharaman discussed with her BRICS counterparts the key areas of cooperation that would be crucial in supporting the recovery of the grouping’s economies and maintaining macroeconomic stability, while protecting against future uncertainties posed by the Covid-19 pandemic. However, jitters over the US Federal Reserve’s Jackson Hole Symposium compounded with twin blasts in Afghanistan may keep upside in check. Traders may be concerned as Moody’s Investors Service said the second wave of Covid infections has increased asset risks for Indian banks, but a severe deterioration is unlikely. It is said that the second wave of coronavirus infections in India has exacerbated stress among individuals and small businesses that were hit the hardest by the initial outbreak.

Here is the list of top stocks that could be in focus on August 27.

Infosys: Infosys Public Services Inc. (IPS), a subsidiary of Infosys announced that it will enable Manitoba Public Insurance (MPI), a Crown corporation that delivers auto insurance and driver services, to digitize driver licensing, vehicle registration, and International Registration Plan (IRP) services for over 900,000 Manitobans.

Wipro: Wipro announced a global strategic partnership with DataRobot, a leader in Augmented Intelligence. The partnership will deliver Augmented Intelligence at scale, to help customers become AI driven enterprises, and accelerate their business impact.

Aurobindo Pharma: Aurobindo Pharma (along with its subsidiaries together referred to as “Aurobindo”) announced that its subsidiary Eugia Pharma Specialities (Eugia) has received a 505(b)(2) NDA approval from the U.S.Food & Drug Administration (USFDA) for its Cyclophosphamide Injection 500 mg/2.5 mL and 1 g/5 mL vials.

Jindal Poly Films: The company said the company has acquired 100% shares of Jindal India Solar Energy and consequent thereof Jindal India Solar became a wholly-owned subsidiary.

BHEL: Shares of Bhel will be in focus. A Memorandum of Understanding (MOU) was signed between Bharat Heavy Electricals (BHEL) and JSC Rosoboronexport. The MoU aims to cooperate and implement possible joint projects and activities with Bhel for joint production of spare parts and components for Russian-origin equipment installed onboard the Indian Navy Aircraft Carrier “Vikramaditya” and maintenance of systems and equipment of Aircraft Carrier “Vikramaditya and on other issues of mutual interest.

ADF Foods: The company said its board approved the company’s wholly-owned subsidiary, ADF Holdings (USA) would be making an investment up to $5 million, which would entail asset purchase and setting up of a step-down subsidiary in the United States. ADF Holdings (USA) will have a 70% stake in the share capital of the proposed Step Down Subsidiary.