Monday Market Watch: Infosys, DCB Bank strike gold, TCS a worry

| Monday, April 18, 2016 - 11:55
First Published |
Stocks to watch: Infosys, DCB Bank

Monday Market Watch: Infosys, DCB Bank strike gold, TCS a worry

New Delhi: Going by Monday’s trends in the stock market, below is a list of the best movers on the BSE Sensex and NSE Nifty. IT giant Infosys is likely to keep its positive movement on the charts but another IT major, Tata Consultancy
Services (TCS) might not bode well with traders. DCB Bank is another stock to keep an eye out for.
Stocks that might interest you:
Infosys: Stocks traded at 5.94% up at Rs 1,241.70 (9.23 am on Monday) as the company had on the eve of last weekend 3.81% quarter-on-quarter (qoq) rise in its consolidated net profit figures at Rs 3,597 crore for ending quarter of March 2016. 
DCB Bank: Its stocks traded 6.66% up at Rs 88.85 (9.26 am on Monday) as its fourth quarter net profit increased 10% to Rs 70 crore from Rs 63 crore. A reason for the boost can be attributed to demand for loans from SMEs and individuals to buy homes and agri-linked loans.
Tata Consultancy Services (TCS): Its stocks were trading 2.04% down at Rs 2,471.80 (9.24 am on Monday) as a US court has fined two companies of Tata group –TCS and Tata America International Corp –$940 million.

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