Top stocks in focus today: Infosys, Eicher Motors, Dr. Reddy’s, L&T
Salil S Parekh is set to formally take over as the CEO and Managing Director of Infosys on Tuesday.
Dr. Reddy’s received USFDA approval for guaifenesin pseudoephedrine tablets.
Adani Power, staterun Neyveli Lignite and Sembcorp are in race to acquire majority stake in GMR Infrastructure’s 1,370-mw Chhattisgarh power plant, as per media reports.
Idea Cellular board meeting on Jan 4 to consider proposal of fund raising.
Thermax receives order worth Rs327cr order from a public-sector company based in Western India for a BTG (Boiler-Turbine-Generator) package on EPC basis.
Eicher Motors stock will be in focus today as Royal Enfield’s total December sales up 17% at 66,968 units vs 57,398 units. Total exports up 48% at 1,601 units vs 1,082 units (YoY).
ONGC has made a significant oil and gas discovery to the west of its prime Mumbai High fields in the Arabian Sea, Oil Minister Dharmendra Pradhan said, as per media reports.
TVS Motor total December sales up 39% at 2,56,909 units from 1,84,944 units (YoY). Meanwhile, the 2-wheeler sales are up 37.9% at 2,47,630 units from 1,79,551 units (YoY).
GAIL commissions India’s second largest rooftop solar plant.
Lovable Lingerie offer for buyback to open on January 8 and close on January 19. Offer to buy back up to 20 lakh shares at Rs250 per share.
JSW Energy said its deal with Jaiprakash Power Ventures to acquire 500 MW Bina thermal power plant is terminated following lapse of time for completion of the transaction on Monday.
Gayatri Projects said it has bagged a Rs583cr project from the NHAI for upgrading Cuttack-Angul section of NH-42 in Odisha.
Future Consumer allots 6.68cr equity shares to International Finance Corporation on conversion of CCDs.
SRF commissions 40,000 tonnes per annum chloromethanes plant at Dahej.
Prestige Estates to buy Capitaland’s stake in various entities for Rs342cr.
L&T Hydrocarbon Engineering, a wholly- owned subsidiary of L&T, has secured a major EPC contract for crude distillation and vacuum distillation unit from HPCL, Visakhapatnam Refinery, and an extension to an ongoing contract for Reliance Industries, Jamnagar, both adding to approx Rs2,100cr.
Power Finance Corp-led consortium will provide a loan of Rs11,067cr to 1,980 MW thermal power plant at Ghatampur in Uttar Pradesh.