Stocks

HCL Tech Share price: Stocks in the news: HCL Tech, ICICI Sec, Tata Elxsi, Infy, Angel One and Nestle

Nifty futures on the Singapore Exchange traded 86.5 points, or 0.50 per cent higher at 17,233, 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, Nestle, ICICI GIC: HCL Technologies, Nestle India, ICICI Lombard General Insurance Company, L&T Technology Services, Tata Communications, Crisil, Cyient, Rallis India, Rajratan Global Wire, Sasken Technologies and Shiva Cement are the companies that will announce their March quarter results today.

Tata Steel: The homegrown steel major said it will stop doing business with Russia amid the ongoing conflict with Ukraine. The company sourced a limited amount of coal from Russia for its operations across geographies.

Infosys: The bluechip IT company has completed the acquisition of Germany-based digital experience and marketing agency, oddity. This follows the announcement the company made last month..

Tata Elxsi: The technology services firm posted a 38.9 per cent increase in net profit at Rs 160 crore in the fourth quarter ended March 2022. The company had registered a net profit of Rs 115.16 crore in the year-ago period.


ICICI Securities:
The brokerage firm reported a 3 per cent growth in profit after tax (PAT) at Rs 340 crore for the three months to March 2022. The company had posted a PAT of Rs 329.47 crore in the same quarter of the preceding fiscal.

Angel One: The brokerage firm reported a 101 per cent in the net profit to Rs 204.69 crore in the quarter ended March 2022, compared to a PAT of Rs 101.91 crore in the corresponding period previous fiscal. Revenues increase 68 per cent to Rs 671.28 crore in the Q4FY22.


RBL Bank:
The private sector lender said it has finalised the name for regular MD and CEO and forwarded it to the RBI for approval. The Board at its meeting accepted the recommendations of the nomination and remuneration committee. The bank, however, did not disclose the name selected for the position.


United Breweries:
The Leading beer maker witnessed a “high-single-digit” volume growth in the domestic market during January-March 2022 quarter, according to its largest stakeholder Heineken.

Fino Payments Bank: The recently listed private lender said it has received the RBI approval for commencing referral services of fixed deposit (FD) and recurring deposit (RD) on behalf of a partner bank.

Atul Auto: The auto components maker has joined hands with Valeo and Honda Power Pack Energy India for electric vehicles with battery swapping solutions through its subsidiary Atul Greentech (AGPL). It would launch the e-vehicle after the successful completion of field trials.

Reliance Industrial Infra: The Mukesh Ambani led firm reported a 65 per cent decline in consolidated profit at Rs 1.06 crore for the quarter ended March 31, 2022. The company had posted a consolidated profit of Rs 3 crore in the year-ago period.


Inox Wind:
The wind energy firm said its board has approved a proposal to raise Rs 402.5 crore through preferential issue of equity shares and convertible warrants. Inox Wind said its promoters will infuse Rs 150 crore through preferential issue of equity shares.

Everest Kanto Cylinder: Its subsidiary, EKC International FZE (Dubai), has entered into a joint venture agreement with Dr Mohamed Saad Eldin. The company intends to become the market leader in CNG cylinder manufacturing in the Middle East and North Africa (MENA) region by 2026.

HBL Power Systems: BanyanTree Growth Capital has offloaded 19.75 lakh shares of HBL Power Systems for nearly Rs 13 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange, BanyanTree sold a total of 19,75,631 shares.

Future Retail: The debt-ridden firm held a meeting of its shareholders to consider and approve the sale of the company’s retail assets to billionaire Mukesh Ambani’s Reliance Retail Ventures. The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing, who has been appointed by the NCLT to chair the meeting.

Advik Capital: The NBFC has annouced to raise Rs 50 crore via rights issues for the expansion of business with the raised capital. The company board has approved the allotment of 17,43,19,680 fully paid-up Rights Equity shares of face value of Re 1 each at a price of Rs 2.85 per rights equity share to the eligible applicants.

KBC Global: HNI investors Rama Krishna Varma picked up 37 lakh shares at Rs. 9.75, aggregating to Rs 3.6 crore, of the affordable and mid-income housing company, as per bulk deal data available on NSE.

Ambalal Sarabhai Enterprises: CoSara Diagnostics got permission to manufacture and sell its SARAQ Hepatitis C (HCV) viral load kit as an in vitro diagnostic (IVD) from Central Drugs Standard Control Organisation. CoSara is a joint venture of a subsidiary of Ambalal Sarabhai Enterprises, and Co-Diagnostics, Inc, USA.

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