Stocks in the news: HCL Tech, SAIL, PVR, HFCL, SpiceJet and Dixon Tech

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Stocks in the news: HCL Tech, SAIL, PVR, HFCL, SpiceJet and Dixon Tech


Nifty futures on the Singapore Exchange traded 40 points, or 0.27 per cent, lower at 14,583, in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may buzz the most in today’s trade:

HCL Tech, PVR: HCL Tech, PVR, Shoppers Stop, L&T Finance Holdings, Hathway Cable and Aditya Birla Money are some of the companies which will disclose their December quarter earnings later in the day.

SAIL: The government’s sale of its 5 per cent shareholding in India’s largest steelmaker SAIL was over-subscribed 3.6 times on the first day of its opening on Thursday. Enthused by the response, the government decided to exercise the greenshoe option of another 20.65 crore shares or 5 per cent of the total equity.

HFCL: The company posted nearly 87 per cent jump in its consolidated net profit for the December quarter at Rs 85.1 crore and projected an “optimistic” outlook backed by strong demand for optical fibre cables, FTTH as well as momentum in transformational projects, and 5G prospects.

DHFL: The voting for the resolution plans of DHFL will likely conclude late evening on Friday. The frontrunners are Piramal Group, Oaktree Capital, and Adani Group who have submitted their offers for the housing finance company. Lenders are, however, apprehensive of a legal battle after the results of the voting are declared.

Infosys, HUL and Wipro: US-based asset manager Vanguard unloaded shares worth Rs 1,286.1 crore in 30 stocks including Infosys, Hindustan Unilever, Wipro through several block deals on the BSE, exchange data showed.

IDFC First Bank: A credit card allowing cash withdrawal – and interest free – sounds too good to be true. But IDFC First Bank is offering one, claiming another industry-firstperquisite by way of the lowest finance charges that would be synchronised with customer ratings. The lender is set to levy finance charges at an annual rate of 9 per cent for the best-rated customer, climbing up to 36 per cent for lower-rated customers.

InterGlobe Aviation, SpiceJet: Market leader IndiGo and SpiceJet have launched fare sales starting at less than Rs 900 for travel between April and September. IndiGo’s five-day sale, from January 13 to January 17, will offer customers all-inclusive fares on domestic flights starting at Rs 877 for travel from April 1, 2021 to September 30, 2021. Change or cancellation fee of Rs 500 will be applicable on bookings made during the sale, the airline said.

Dixon Technologies: The contract manufacturer of electronic goods said its board will meet early next month to consider sub-division of equity shares of the company. It will also consider and approve financial results for the third quarter ended December 31, 2020.

Quick Heal: Security solutions provider Quick Heal Technologies on Thursday said it has signed an agreement to invest $2 million (about Rs 14.6 crore) in Israel-based L7 Defense. Quick Heal Technologies had invested USD 300,000 (about Rs 2.19 crore) in L7 Defense in the previous financial year, a statement said.

SBI: State Bank of India (SBI) said its foreign currency bonds of $600 million, under its $10 billion global Medium Term Note Programme, have been listed on India INX’s Global Securities Market (GSM) platform.





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