Stocks in news: Groww, HUL, Infosys, & Sequent Scientific
Markets witnessed a volatile session on weekly expiry day and slipped nearly half a percent, extending the ongoing consolidation phase. Analysts said recent market action reflects a cautiously optimistic undertone, supported by firm domestic macro indicators.
"Going ahead, we expect further consolidation to persist, which would be healthy as long as the Nifty holds above its key short-term support—the 20-DEMA, which currently lies around 25,700. Participants should continue to prioritise stock selection based on relative strength across sectors, with a preference for largecap and stronger midcap names, while maintaining a measured approach amid the prevailing choppiness," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of Groww, HUL, Adani Ports, Adani Green, TCS, Azad Engineering among others will be in focus due to various news developments.
HUL
Hindustan Unilever (HUL) has set December 5 as the record date for the demerger of its ice-cream business into a new entity -- Kwality Walls (India). This date will determine the eligible HUL shareholders entitled to receive KWIL equity shares and the demerger scheme itself is scheduled to become effective on December 1.
Infosys
India's second largest IT services company Infosys' Rs 18,000 crore share buyback window will open on Thursday, November 20 and will close on Wednesday, November 26. The company received a shareholders' approval on November 6 for the share buyback up to ten crore fully paid-up equity shares of the company. Infosys will buy the shares at a price of Rs 1,800 from the shareholder who had the company shares as on the record date of November 14.
TCS
TCS has been selected by the National Health Service (NHS) Supply Chain for application development support and maintenance of its core business systems and cloud infrastructure platforms, over a period of 5 years. TCS will deploy a host of cloud and AI-enabled solutions to modernise NHS Supply Chain’s IT systems and enhance overall operational efficiency.
Groww
Shares of Groww will be in focus in today's trade amid a buying frenzy for the past few days. The shares were up over 80% since the IPO price, mainly due to strong post listing demand.
Azad Engineering
Azad Engineering said it has signed an agreement with Pratt & Whitney Canada Corporation to develop and make aircraft engine components. The Hyderabad-based company, which manufactures industrial machinery and equipment across sectors such as aerospace, defence and energy, did not disclose the value of the order, citing confidentiality.
Sequent Scientific
Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences received approval for their planned merger from the National Company Law Tribunal (NCLT) on Tuesday, ET reported.
"Going ahead, we expect further consolidation to persist, which would be healthy as long as the Nifty holds above its key short-term support—the 20-DEMA, which currently lies around 25,700. Participants should continue to prioritise stock selection based on relative strength across sectors, with a preference for largecap and stronger midcap names, while maintaining a measured approach amid the prevailing choppiness," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of Groww, HUL, Adani Ports, Adani Green, TCS, Azad Engineering among others will be in focus due to various news developments.
HUL
Hindustan Unilever (HUL) has set December 5 as the record date for the demerger of its ice-cream business into a new entity -- Kwality Walls (India). This date will determine the eligible HUL shareholders entitled to receive KWIL equity shares and the demerger scheme itself is scheduled to become effective on December 1.
Infosys
India's second largest IT services company Infosys' Rs 18,000 crore share buyback window will open on Thursday, November 20 and will close on Wednesday, November 26. The company received a shareholders' approval on November 6 for the share buyback up to ten crore fully paid-up equity shares of the company. Infosys will buy the shares at a price of Rs 1,800 from the shareholder who had the company shares as on the record date of November 14.
TCS
TCS has been selected by the National Health Service (NHS) Supply Chain for application development support and maintenance of its core business systems and cloud infrastructure platforms, over a period of 5 years. TCS will deploy a host of cloud and AI-enabled solutions to modernise NHS Supply Chain’s IT systems and enhance overall operational efficiency.
Groww
Shares of Groww will be in focus in today's trade amid a buying frenzy for the past few days. The shares were up over 80% since the IPO price, mainly due to strong post listing demand.
Azad Engineering
Azad Engineering said it has signed an agreement with Pratt & Whitney Canada Corporation to develop and make aircraft engine components. The Hyderabad-based company, which manufactures industrial machinery and equipment across sectors such as aerospace, defence and energy, did not disclose the value of the order, citing confidentiality.
Sequent Scientific
Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences received approval for their planned merger from the National Company Law Tribunal (NCLT) on Tuesday, ET reported.
Next Story