Stocks in the news: Mindtree, TCS, Infosys, Tata Motors, Dixon and Nalco


Nifty futures on the Singapore Exchange traded 119 points, or 0.65 per cent higher at 18,335, signaling that Dalal Street was headed for a positive start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:

MindTree, CESC, Tata Metaliks: MindTree, CESC, GPTL Hathway, Tata Metaliks, Mishtann Foods, Plastiblend India, Aditya Birla Money, Surana Solar,

, Palm Jewels and Gautam Gems are among the companies that will announce their December quarter results today.

Tata Consultance Services:
The country’s largest software exporter reported a 12.2 per cent jump in December quarter net profit at Rs 9,769 crore on handsome revenue growth, and guided towards maintaining the same momentum going forward on the back of a strong demand environment.

Infosys: The IT software player reported a near 12 per cent rise in its December quarter net profit to Rs 5,809 crore and raised its annual revenue forecast on the back of strong demand from businesses going digital amid the pandemic. The company’s consolidated net profit in the September-December 2020 quarter was Rs 5,197 crore.

Wipro: The domestic IT services major posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, almost flat compared to the year-ago period, but said demand environment continues to be “robust”.

Tata Motors: The retail sales of JLR dropped 37.6 per cent to 80,126 units in October-December 2021, with China sales falling 6.9 per cent and Europe sales down 6.8 per cent compared to the previous quarter.

Dixon Technologies: The contract manufacturer in electronic goods said it has entered into a joint venture with Japan-based Rexxam Co Ltd for manufacturing of printed circuit boards (PCBs) for air conditioners for domestic and international markets.

Power Grid Corporation of India: The state-owned transmission player has inked a pact with pan-African infrastructure investment platform Africa50 to continue the development of the Kenya Transmission Project on a public-private partnership basis.

Ashok :
The commercial vehicle maker and

Group flagship firm has partnered with Aidrivers for the development of artificial intelligence-enabled autonomous vehicles.

Federal Bank: The private lender said it has received approval from its board of directors to raise up to Rs 700 crore by issuing bonds on a private placement basis. The board approved the issuance of unsecured Basel-III tier-II subordinate bonds in the nature of debentures, amounting up to Rs 700 crore.

PB Fintech: Paisabazaar has reached an annualised loan disbursal rate of $1.1 billion (excluding credit card issuance). In December 2021, the fintech disbursed around Rs 695 crore of loans, which included unsecured loans like personal and business loans and secured loans like home loans and loan against property.

Cipla: The drug major said its subsidiary InvaGen Pharmaceuticals will continue to hold shares in US-based Avenue Therapeutics despite termination of the stock purchase and merger agreement they inked in 2018.

National Aluminium: The state-owned metal player said it has successfully put into operation all the 960 pots at its existing smelter plant located in Angul, Odisha. It formally operationalised the 960th pot by virtually switching on the pot from the company’s corporate office in Bhubaneswar.

Titagarh Wagons: The state run wagon maker said it has acquired land and infrastructure of Precision Shipyard located at Falta in West Bengal which will be used to boost its ship building capacity and execute the Rs 400 crore order book. The land and facility was acquired under an auction sale by

of India at an undisclosed amount.

Kolte-Patil Developers: The Pune-based realty firm reported a 77 per cent jump in its sales bookings to Rs 561 crore for the quarter ended December. Its sales bookings stood at Rs 317 crore in the year-ago period. The company said its sales bookings rose 83 per cent to Rs 1,238 crore during the April-December period.

CarTrade Tech: The automotive platform plans to launch over 200 abSure (Absolute Sure) retail outlets, a one-stop tailor-made retail facility, pan-India in the next two years. The platform had in September last year rolled out the offline/ online service and since then, it has already set up 22 such facilities across 18 cities in the country.

Inox Wind: The renewable energy player said the Appellate Tribunal for Electricity (APTEL) has reinstated a 50 MW wind energy project in Kutch being undertaken by its arm at a tariff of Rs 3.46 per unit.

Tata Teleservices: The telecom player has informed the telecom department that it wants to opt for conversion into equity the interest amount of roughly Rs 4,139 crore pertaining to dues during the moratorium period.

Lumax Industries: The company has commenced its commercial production, of electronic components for automotives, at its new manufacturing plant situated at Bawal, Haryana.

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