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Stocks to Watch: These stocks including Infosys, BHEL, RailTel will be on the radar today
highlights
- On Friday, January 16, some selected shares may be in discussion in the stock market.
- While many companies have released their Q3 results, some have received big orders.
- Some companies have announced fund raising and some have received regulatory approval.
The effect of these news can be seen on the share prices. While shares of companies with good results may rise, some shares may remain volatile. In such a situation, these stocks will be especially worth keeping an eye on for traders and short-term investors in Friday’s trading.
Pharma company Biocon has completed equity fundraising of ₹4,150 crore through Qualified Institutional Placement (QIP). This fund will be used for strengthening the balance sheet and growth needs.
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IT sector major Infosys has increased its revenue growth estimates for FY26. Now the company expects growth of 3% to 3.5%, which was earlier 2% to 3%. The company’s growth in the December quarter was 0.6%, while the market was not expecting any significant growth.
Anand Rathi Shares and Stock Brokers’ revenue rose 9% to ₹248 crore in the December quarter. EBITDA also increased to ₹101.2 crore, from ₹93.5 crore in the previous quarter.
Zydus Lifesciences has received final approval for Eltrombopag Tablets from the USFDA. This medicine is used in the treatment of diseases related to low platelets and helps in reducing the risk of bleeding.
HDB Financial’s profit rose 36% year-on-year to ₹644 crore. At the same time, the net interest income of the company also increased to ₹ 2,285 crore.
ICICI Pru AMC’s net profit rose 45% to ₹917 crore. Total income also increased to ₹1,623.5 crore. The company has declared an interim dividend of ₹14.85 per share.
Swaraj Engines’ profit increased by 31.6% to ₹42.1 crore. Strong growth was also seen in revenue and EBITDA.
NBCC has received a new order worth about ₹55 crore from Indian Overseas Bank. Under this, construction and project management work of the new regional office of IOB will be done in Raipur.
BHEL has started supplying traction transformers required for the Vande Bharat Sleeper Train Project.
RailTel has received letter of acceptance from Central Railway for the project worth ₹88 crore. This order is related to the technical infrastructure of the Railways.
Transrail Lighting has received new orders totaling ₹527 crore from India, MENA and Africa. These orders are related to power transmission and lighting.
Pace Digitek has received a solar EPC order worth ₹375 crore from Bondada Engineering, which will strengthen the company’s renewable energy business.
South Indian Bank’s profit increased marginally to ₹374.3 crore. There was improvement in both gross and net NPA of the bank.
DB Corp’s profit declined 19% to ₹95.5 crore. There was also a decline in revenue and EBITDA.
Sterling & Wilson has suffered a loss of ₹2.8 crore. Revenue has definitely increased, but pressure on margins remains.
Yes Bank’s majority shareholder SMBC has received in-principle approval from RBI to open a wholly owned subsidiary in India.
Shriram Finance shareholders have approved the proposal for issue of shares and one-time payment to MUFG.
Kolte-Patil Developers recorded sales of ₹605 crore and collections of ₹709 crore in the December quarter, its highest ever quarterly collection.
TVS Supply Chain has decided to appoint Vikas Chaddha as the new Global CEO of the company from January 22.
NCLT has approved the merger of 16 subsidiaries of DLF. This will simplify the structure of the company and help in reducing expenses.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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