Stocks in the news: TCS, Infosys, Adani Power, Wipro, DLF and Delta Corp

TCS, , : Tata Consultancy Services, Infosys, Wipro, Virinchi, Tinna Rubber & Infrastructure,

Banking Services and Elegant Marbles & Grani Industries are among the companies that will announce their December quarter results today.

UltraTech Cement: The cement player announced the commissioning of Line II of the Bara Grinding Unit in Uttar Pradesh, having a cementecapacity of 2 mtpa (million tonnes per annum). The Line I was earlier commissioned in January 2020.

DLF: The realty major said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments. DLF launched its luxury housing project ‘ONE Midtown’ comprising 913 units, at Shivaji Marg in Moti Nagar, with a starting price of Rs 3 crore.


Federal Bank: The subsidiary of private lender Fedbank Financial Services (FedFina) has initiated the process of an initial public offering (IPO), the bank said on Tuesday. The board of directors of the bank FedFina in a meeting approved initiating the process of an initial public offering (IPO) by way of fresh issue and offer for sale.

Adani Power
: The Adani Group’s power player approved the appointment of Shersingh B Khyalia as the company’s chief executive officer (CEO) with effect from January 11, 2022. According to the filing, Shersingh B Khyalia is not related inter-se to any of the directors of the company.

Bharat Forge: The global brokerage firm CLSA has downgraded the stocks from buy to sell citing hiher valuations, fall in exports and segment vehicles to see disruptions.

NDMC: Brokerage Firm JP Morgan has upgraded its rating on the state run player as the domestic iron ore prices are likely to bottom out and 8 per cent divident yield of the company is highly attractive. It expects the company to outperform.


Delta Corp: The board of the casino firm has approved the appointment of advisors, bankers and other intermediaries by subsidiary Gaussian Networks, engaged in the online gaming business, to explore a potential public issue and listing of equity shares of GNPL.


PI Industries: Life Insurance Corporation of India acquired 72,000 equity shares in the company via open market transactions on January 10, increasing shareholding to 5.03 per cent from 4.98 per cent earlier.

(Maharashtra): The telecom player said it will opt for conversion of the interest amount on AGR dues into equity and post conversion, the government’s holding in the company is expected to be around 9.5 per cent.

RITES: The railway company signed a memorandum of understanding (MoU) with SMEC Group to cooperate and explore infrastructure projects.

SJVN: The state-run power player said it has bagged contracts to set up two grid connected solar power projects of cumulative 125 MW capacity in Uttar Pradesh. The projects will be established in Jalaun and Kanpur Dehat districts of the state.


DB Realty: The Mumbai-based real estate player has sought shareholders’ approval for its proposal to raise Rs 563 crore by issuing warrants to promoters and investors. In a regulatory filing, the company informed that an extraordinary general meeting (EGM) has been called on February 2 to consider this proposal.

Vikas Lifecare: The company reported consolidated profit at Rs 2.82 crore in Q3 FY22 against Rs 0.06 crore in Q3 FY21. Total revenue during the period jumped to Rs 106.74 crore from Rs 9.43 crore.