Domestic equity market closed lower on Friday in the middle of blended worldwide hints. Sensex fell 365 indicate end the session at 65,322 and Nifty slipped 115 indicate settle at 19,428.
Here’s a take a look at stocks that are most likely to stay in news today.
Ashok Leyland
The business’s board has actually authorized acquisition of 100% of Ohm Global Mobility Pvt Ltd from OHM International Mobility for a small factor to consider of Rs 1 lakh. As the business is yet to end up being functional, the factor to consider was small.
ITC
ITC reported a 17.58 percent year-on-year (YoY) increase in standalone net earnings at Rs 4,902.74 crore for the June quarter compared to Rs 4,169.38 crore in the exact same quarter in 2015. Revenue for the quarter was available in at Rs 16,995.40 crore, down 7.23 percent YoY over Rs 18,320.16 crore in the exact same quarter in 2015.
Vodafone Idea
Debt-ridden telecom operator Vodafone Idea said its combined bottom line broadened to Rs 7,840 crore in the very first quarter ended June 30. The business had actually published a bottom line of Rs 7,295.7 crore in the exact same duration a year earlier. The combined profits from operations throughout the noted quarter increased partially by 2.3 percent to Rs 10,655.5 crore from Rs 10,406.8 crore in June 2022 quarter.
Tejas Networks
Tejas Networks, part of the Tata Group, that creates and produces cordless networking items, said it has actually received an order worth Rs 7,492 crore for equipment from Tata Consultancy Services, likewise part of the Tata Group.
VIP Industries
Shares of VIP Industries remain in focus after the business said its handling director Anindya Dutta tendered his resignation on August 14, which would work from the close of business hours on November 13. VIP said Dutta resigned due to personal factors.
ZEE Entertainment
Shares of ZEE Entertainment Enterprises (ZEE) remain in focus after the marketplaces regulator Sebi said it would conclude the examinations relating to Subhash Chandra and Punit Goenka within 8 months. Sebi clarified that till the order, the Chandra and Goenka must not hold positions of a director or a KMP in ZEE, other public noted business and their completely owned subsidiaries, which are under the control of entities and have actually been determined as a part of the plan.
InterGlobe Aviation
Shares of InterGlobe Aviation (IndiGo) remain in focus today as Gangwal family, the promoter group, might offer up to Rs 3,730 crore or $450 million worth shares through block deals, a media report recommended. Gangwal family has actually put 1.56 crore shares on the block with a flooring cost of Rs 2,400 per share, which is a 5.8 percent discount rate to the closing cost of Monday, an ET report pointing out the term sheet recommended.
Infosys
Shares of Infosys remain in focus today after the IT significant bagged an order worth $1.6 billion to progress and scale Liberty Global’s digital home entertainment and connection platforms. Infosys has actually been supporting Liberty Global’s innovation services platforms because February 2020.
Also read: Infosys shares in concentrate on $1.6 billion handle Liberty Global
Also read: IndiGo shares in focus as Gangwal family might offer stake today through block deal
