Finace And Stock

Stocks in the news: HCL Tech, PNB, Wipro, Dish TV and MindTree

Nifty futures on the Singapore Exchange traded 78.5 points, or 0.43 per cent higher at 18,258.50, 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:

HCL Tech, Cyient, Century Textiles: HCL Technologies, Cyient, Century Textiles & Industries, Mahindra CIE Automotive, Indiabulls Real Estate, GPTL Hathway, Inox Winds,

, Ganesh Housing Corporation and Inox Wind Energy are among the companies that will announce their September quarter results today.

Infosys: The IT major said its Chief Operating Officer Pravin Rao will be retiring in the third quarter of the current fiscal and the company will announce a new corporate structure soon.

Wipro: The software major posted a 17 per cent jump in consolidated net profit to Rs 2,930.6 crore for the quarter ended on September 30, 2021. The company had posted a net profit of Rs 2,484.4 crore in the same period a year ago.

Zee Entertainment Enterprise:
The media major said that Invesco’s actions of the past few weeks against the company and its board are motivated and are entirely extraneous to corporate governance issue.

Mindtree: The IT company posted a 57.2 per cent increase in net profit to Rs 398.9 crore in the second quarter ended on September 30, 2021. The company had posted a net profit of Rs 253.7 crore in the same quarter a year ago.

Bayer : The chemical player approved sale of its traded seeds business, along with property in Telangana, to Crystal Crop Protection Ltd for Rs 62 crore.

Sona BLW Precision Forgings: The automotive technology company said it is collaborating with IT sector industry body to upskill its employees in digital technologies with industry-relevant and government recognised curriculum based courses.

Shriram City Union Finance:
To oil its fast-paced expansion and the resultant expansion of its loan book, affordable segment-focused Shriram Housing Finance has secured an additional Rs 300 crore equity capital from the parent

, taking its total equity capital to about Rs 1,100 crore.

Welspun India: The home textiles major launched its upgraded multi-level traceability solution Wel-Trak 2.0, enabled by blockchain, artificial intelligence and cloud technologies, with an aim to track millions of finished products across its value chain.

Bank: The state-owned lender slashed the interest rate on loans against gold jewellery and Sovereign Gold Bond by 145 basis points or 1.45 percentage points as part of its festive offer.

Dish TV:
The direct-to-home player said it has rejected the requisition notice by its largest shareholder

to hold an extraordinary general meeting (EGM) to reconstitute the board on the technical ground as it requiresprior approvals.

Puravankara: The realty firm will invest around Rs 420 crore for construction of two residential projects in Mumbai and Bengaluru and is targeting over Rs 1,250 crore sales revenue over the next four years from these properties on the back of rising housing demand.

Westlife Development: The owner and operator of McDonald’s restaurants in the west and south of India said it is planning to invest around Rs 800-1,000 crore in the business over the next 3-4 years.

Thomas Cook:
The travel services provider and its Group firm SOTC Travel Ltd have signed a three-year agreement with low cost carrier Air Arabia. The partnership will deliver on a range of customizable air-inclusive holidays via a technology platform built by Thomas Cook India and SOTC.

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