Last Updated: February 21, 2024, 08:25 IST
Stocks to Watch on Feb 21
Stocks to watch: Shares of companies like Zee Ent, Hindalco, Devyani, Tata Power, Paytm, Wipro, and others will probably be in give attention to Wednesday’s commerce.
Stocks To Watch On February 21: Nifty recovered strongly within the ultimate hour of Tuesday’s commerce to shut at document excessive ranges, persevering with its successful streak for straight six periods in a row. In in the present day’s commerce, shares of Whirlpool of India, Hindalco, ZEE, Devyani International, Wipro amongst others will probably be in focus due to varied information developments.
Wipro: Wipro and IBM increase their partnership to supply new AI companies and assist to purchasers.
Zee Entertainment: As a part of its investigation into the Zee founders, Sebi discovered that about Rs 2,000 crore might have been diverted from the corporate; that’s roughly ten instances greater than initially estimated by investigators, sources mentioned.
Hindalco: Atlanta-based Novelis Inc, a completely-owned subsidiary of the Aditya Birla group’s Hindalco Industries has filed for an IPO within the US.
Devyani International: Yum Restaurant India to promote up to 4.4 per cent stake within the firm by way of block offers in the present day. The flooring worth is ready at Rs 153.50 per share.
TVS Supply Chain Solutions: Sealed a 5-yr contract extension with Rolls-Royce until 2029. The partnership extension is for the state-of-the-artwork Parts Distribution Centre (PDC) in Singapore serving the Asia Pacific markets for Rolls-Royce’s Power Systems enterprise unit.
Paytm: One97 Communications, the operator of the Paytm model, has intensified its give attention to partnerships with banks to switch its Bharat Bill Payment System (BBPS) from Paytm Payments Bank (Paytm PB).
Reliance, Tata Power: The authorities is in talks with no less than 5 non-public companies together with Reliance Industries (RIL), Tata Power, Adani Power and Vedanta to make investments round Rs 44,000 rupees every in nuclear energy, a non-carbon-emitting power supply that contributes lower than 2% of India’s complete electrical energy technology.
ABB India: December quarter internet rises 13 per cent YoY to Rs 345 crore. Revenue from operations grew 35 per cent to Rs 2,757 crore.
Union Bank of India: Board approves fund elevate up to Rs 3,000 crore by way of QIP route.
HDFC Life: The agency’s abroad arm – HDFC Life International on Tuesday introduced the launch of a complete US Dollar Student Health Insurance Plan, below the plan identify ‘Global Student Health Care’ catering to college students learning overseas.
PNB Housing Finance: Announced a restricted-interval fastened deposits supply with increased charges up to 8.3 per cent for senior residents for tenure of 23 months. The earlier charges stood at 7.75 per cent.
