Stocks To Watch: Infosys, TCS, Zomato, Adani Ent, Manappuram Finance, Hindalco, And Others
Stocks to watch: Shares of firms like Infosys, TCS, Zomato, Adani Ent, Manappuram Finance, Hindalco, and others will be in focus on Friday's trade
Stocks to Watch on March 21: Domestic markets extended their winning streak on Thursday, posting over 1% gains, supported by positive global cues. Today, shares of Adani Enterprises, Infosys, TCS, Bajaj Finance, and others will be in focus due to several key developments.
Adani Enterprises
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Adani Enterprises has successfully incorporated a new joint venture, Praneetha Ecocables Ltd (PEL), through its wholly-owned subsidiary, Kutch Copper Limited (KCL).
Bajaj Finance
Bajaj Finance has announced key leadership changes, elevating Rajeev Jain to the role of Vice Chairman for a three-year term starting April 1. Additionally, Anup Kumar Shaha has been appointed Managing Director for the next three years.
Infosys, Wipro, TCS
Indian IT stocks such as Infosys, Wipro, and TCS will be in focus today after Accenture’s second-quarter earnings report. The global IT services giant raised its full-year revenue forecast, though it narrowed the range due to concerns over discretionary spending.
Zomato
Zomato has undergone a major transformation, with the Ministry of Corporate Affairs (MCA) approving its name change to Eternal Limited, effective March 20.
Manappuram Finance
Bain Capital, a global private equity firm, is set to invest Rs 4,385 crore in Manappuram Finance through a preferential allotment of shares. The company will issue 9.29 crore equity shares at Rs 236 each to Bain Capital’s investment entities.
Hindalco
Hindalco Industries is planning a significant Rs 45,000 crore investment in its aluminium, copper, and speciality alumina businesses. Aditya Birla Group Chairman Kumar Mangalam Birla also announced a new brand identity for the company.
Bajaj Finance
Bajaj Finance has appointed Rajeev Jain as Vice Chairman for a three-year term, effective April 1, 2025, and Anup Kumar Saha has been promoted to Managing Director.
TVS Motor Company
TVS Motor has declared a 1000% interim dividend, translating to Rs 10 per share, with a total payout of Rs 475 crore for the financial year ending March 31, 2025.
Hindustan Unilever (HUL)
HUL has acquired a 14.3% stake in Lucro Plastecycle, a leading player in recycled flexible plastics, aligning with its sustainability goals.
TCS
Tata Consultancy Services (TCS) has partnered with The Cumberland Building Society (UK) to modernise its core banking system, further expanding its presence in banking technology.
RailTel Corporation of India
RailTel has secured a work order worth Rs 16.89 crore from the Ministry of Defence for laying optical fiber cables (OFC).
JSW Energy
JSW Energy has raised Rs 800 crore through the private placement of non-convertible debentures (NCDs), part of its larger Rs 3,000 crore fundraising plan.
Torrent Power
Torrent Power’s subsidiary, Torrent Green Energy, has established a new entity, Torrent Urja 43.
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