Stocks in the news: SAIL, Infosys, DLF, Wipro, Adani Green & IndusInd Bank

Stocks in the news: SAIL, Infosys, DLF, Wipro, Adani Green & IndusInd Bank

Nifty futures on the Singapore Exchange traded 28.5 points, or 0.20 per cent, higher at 14,601, in signs that Dalal Street was headed for a positive start on Thursday. Here are a few stocks which may buzz the most in today’s trade:

SAIL: The government said it proposes to offload up to 10 per cent stake in public sector steel manufacturer SAIL and the offer for sale (OFS) will open on Thursday.

IndusInd Bank: Regulator Sebi has provided an additional two weeks to promoters of IndusInd Bank for infusion of residual capital in lieu of conversion of warrants issued to them last year worth over Rs 2,695 crore, a filing said.

Infosys: The IT major posted a 16.6 per cent rise in consolidated net profit at Rs 5,197 crore for the December 2020 quarter, and increased its revenue growth guidance for FY21 to 4.5-5 per cent on the back of large project wins and strong deal pipeline.

Adani Green: Adani Trading Services LLP, a promoter entity of Adani Green, sold 2 crore shares of Adani Green Energy Ltd worth over Rs 1,840 through open market transactions. According to the block deal data available with the BSE, Adani Trading Services had divested 2,00,96,000 scrips of the company in the price range of Rs 906 to 916.15.

DLF: Realty major DLF and US-based Hines will invest around Rs 1,300 crore to construct the first phase of a premium commercial project, largely office space, in Gurugram, a senior company official said.

Inox Leisure: Multiplex operator Inox Leisure opened three new multiplexes, taking its total count to 150. The Gujarat-based firm has opened two multiplexes in Gurugram having four screens each, and one at Salem (Tamil Nadu) with 3 screens, the company said in a regulatory filing.

Wipro: IT services major Wipro posted an about 21 per cent jump in consolidated net profit at Rs 2,968 crore for the December 2020 quarter, and said the demand environment is improving steadily.

NHPC: State-owned NHPC inked a definitive agreement for takeover of Rangit-IV hydro power project in Sikkim. The agreement is for implementation of the approved resolution plan for takeover of 120 MW Rangit-IV hydro power project of Jalpower Corporation Ltd (JPCL) in Sikkim, a power ministry statement said.

DHFL: Oaktree Capital, one of the suitors in the resolution process for debt-ridden DHFL, was put on the spot on Wednesday after CARE Ratings said it has not offered any rating but a research-oriented advisory to a proposed debt instrument mentioned by the US-based firm in its bid document.

Indian Bank: State-owned Indian Bank said it has raised Rs 2,000 crore by issuing Basel-III compliant bonds. The bank has raised tier-2 capital fund through private placement of Basel-III compliant tier-2 bonds, Indian Bank said in a regulatory filing.

5Paisa Capital: The broker reported a net profit of Rs 3.06 crore in the third quarter ended December 31.

In comparison, the company had posted a net loss of Rs 2.18 crore in the year-ago period, 5paisa Capital said in a statement.

YES Bank: Yes Bank on Wednesday announced a tie-up with Aditya Birla Wellness to launch a credit card offering annual complimentary preventive health check-up and on-call consultation with doctors, specialists, counsellors and nutritionists.

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