Stocks to watch: Shares of firms like Zee Ent, Hindalco, Devyani, Tata Power, Paytm, Wipro, and others will be in focus on Wednesday’s trade.
Stocks To Watch On February 21: Nifty recovered strongly in the final hour of Tuesday’s trade to close at record high levels, continuing its winning streak for straight six sessions in a row. In today’s trade, shares of Whirlpool of India, Hindalco, ZEE, Devyani International, Wipro among others will be in focus due to various news developments.
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Wipro: Wipro and IBM expand their partnership to offer new AI services and support to clients.
Zee Entertainment: As part of its investigation into the Zee founders, Sebi found that about Rs 2,000 crore may have been diverted from the company; that’s roughly ten times more than initially estimated by investigators, sources said.
Hindalco: Atlanta-based Novelis Inc, a wholly-owned subsidiary of the Aditya Birla group’s Hindalco Industries has filed for an IPO in the US.
Devyani International: Yum Restaurant India to sell up to 4.4 per cent stake in the company via block deals today. The floor price is set at Rs 153.50 per share.
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TVS Supply Chain Solutions: Sealed a 5-year contract extension with Rolls-Royce till 2029. The partnership extension is for the state-of-the-art Parts Distribution Centre (PDC) in Singapore serving the Asia Pacific markets for Rolls-Royce’s Power Systems business unit.
Paytm: One97 Communications, the operator of the Paytm brand, has intensified its focus on partnerships with banks to transfer its Bharat Bill Payment System (BBPS) from Paytm Payments Bank (Paytm PB).
Reliance, Tata Power: The government is in talks with at least five private firms including Reliance Industries (RIL), Tata Power, Adani Power and Vedanta to invest around Rs 44,000 rupees each in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India’s total electricity generation.
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ABB India: December quarter net rises 13 per cent YoY to Rs 345 crore. Revenue from operations grew 35 per cent to Rs 2,757 crore.
Union Bank of India: Board approves fund raise up to Rs 3,000 crore via QIP route.
HDFC Life: The firm’s overseas arm – HDFC Life International on Tuesday announced the launch of a comprehensive US Dollar Student Health Insurance Plan, under the plan name ‘Global Student Health Care’ catering to students studying abroad.
PNB Housing Finance: Announced a limited-period fixed deposits offer with higher rates up to 8.3 per cent for senior citizens for tenure of 23 months. The earlier rates stood at 7.75 per cent.
