Stocks in News at a Glance (17/3/23)

Defence Companies: Defence Acquisition Council approves proposals worth Rs 70,500 crore for the Armed Forces & Indian Coast Guard (Positive)

Rail Vikas Nigam: Company emerges as L1 for a project worth Rs 111.85 cr (Positive)

Glenmark Life: The company has announced an interim dividend of Rs 21 per equity share (Positive)

Voltas: Subsidiary bags orders worth Rs 1,770 cr for power distribution & solar projects (Positive)

Lemon Tree: Company signs licence pact for 60 room hotel in Sri Ganganagar, Rajasthan. (Positive)

Glenmark: Glenmark Specialty SA, gets US FDA approval on its Investigational New Drug application of solid tumors & Lymphomas (Positive)

Steel Companies: Ministry of Steel to sign 57 MoUs with 27 companies under PLI Scheme on March 17, 2023 (Positive)

NTPC: Malaysia’s Petronas has offered Rs 3,800 crore to buy a 20% stake in the green energy arm (Positive)

Vedanta: Company appoints Omar Davis as its President-Strategy (Positive)

Hind Zinc: Company to consider fourth interim dividend for FY23 on March 21. (Positive)

Infosys: Company implements Finacle solution for ABN AMRO’s customers (Positive)

Samvardhana: Board approves acquisition of remaining 50% stake of Fritzmeier Motherson Cabin from F Holdings GmbH, Austria for Rs 110.7 cr (Neutral)

Bajaj Finance: Company appoints Anup Saha & Rakesh Bhatt as Executive Directors for 5 years w.e.f. April 1, 2023 (Neutral)

Punjab & Sind Bank: Hikes lending rate by 10-20 basis points across tenures (Neutral)

SAIL: The company’s board has declared an interim dividend of Rs 1 per share for the current financial year. (Neutral)

TCS: Rajesh Gopinathan resigns as CEO & MD of Tata Consultancy Services. (Neutral)

 (Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)