Stocks to watch: TCS, Ratnamani Metals, IndiGo, JSW Energy, Oberoi Realty

0

Shrewd futures on SGX rose 44 points to 17,859 around 8:45 am, indicating a firm start for benchmarks on Friday. Here are the main actions to follow during today’s session:

TCS: Most brokerage firms are forecasting double-digit growth in TCS net profit and revenue, driven by improving demand for BFSI, healthcare and retail, the acceleration of digital technologies and the ramp-up of transactions as well as the recovery of the Indian market. In addition, the continued loss of market share by key players such as Capgemini and Cognizant should also directly benefit TCS. READ MORE

ZEELAs the feud continues between Zee and Invesco, the NCLAT appeals body on Thursday ordered the National Company Law Tribunal (NCLT) to give the mainstream media a reasonable opportunity to respond to Invesco’s plea for the holding of a shareholders’ meeting, and also pointed out that the court made a “mistake” by not providing sufficient response time.

Rate sensitive stocks: Expect rate-sensitive stocks like autos, banks and real estate stocks to be the center of attention on Friday due to the results of the RBI’s policy.

InterGlobe Aviation: IndiGo co-founder Rakesh Gangwal has asked the Delhi High Court to enforce an arbitration order from the International Arbitration Court in London. Sources said the ordinance imposed a shareholder agreement relief, which gives co-promoter Rahul Bhatia greater control and places restrictions on the transfer of shares. READ MORE

Oberoi Realty: The company reported more than double its sales bookings at Rs 828.52 crore for the quarter ended September thanks to improving housing demand driven by low mortgage rates. Its sales bookings stood at Rs.327.30 crore during the period last year, the company said in a regulatory filing.

MotoCorp Heroes: The company has launched a brand new XPulse 200 4 Valve bike priced at Rs 1.28 lakh (ex-Delhi showroom).

JSW Energy: The company has entered into a contract with GE Renewable Energy for the supply of 810 MW wind turbines. It said the supply of 810 MW onshore wind turbines is for its pipeline under construction of 2.5 GW of renewable projects in India.

Ratnamani metals and tubes: The company has received a new order of Rs 98 crore for the supply of carbon steel pipes to the national oil and gas sector, to be executed in 5 to 12 months.

Global KPI Infrastructure: The company has signed a new long-term power purchase agreement (PPA) with GHCL Limited, Bhilad for the sale of 1.25 MW solar power for a period of 20 years as part of the business of independent electricity producer (IPP).

IL&FS transport networks: The company has entered into a share purchase agreement with Vishvaraj Infrastructure, to sell and transfer the entire stake held by the company in Warora Chandrapur Ballarpur Toll Road (WBCTRL).

Mandhana’s retail businesses: Rakesh Jhunjhunwala sold 8.52 lakh of shares of the company via open market transactions from October 5 to 7, reducing the stake to 2.40% from 6.26% previously.

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor


Source link

Share.

Leave A Reply