Stocks to watch: Bharti Airtel, JSPL, Vedanta, Axis Bank

Bharti Airtel: Bharti Airtel on Tuesday informed stock exchanges that it has conducted India’s first 5G trial at Bhaipur Brahman village on the outskirts of the Delhi-NCR region. Its Rights Entitlement (RE) was discontinued in the 40% upper circuit ₹204.50 on BSE on Tuesday, the first day of listing.

Zeel: The National Company Law Tribunal (NCLT) on Tuesday directed Zee Entertainment Enterprises to respond by October 7 to a petition filed by Invesco and OFI Global China.

axis Bank: Axis Bank on Tuesday said it has become the first Indian private sector bank to enter into a Term Secured Overnight Financing Rate (SOFR) linked trade financing deal, joining a select group of banks and financial institutions globally who have carried out similar transactions.

IRCON: Ircon International and Dineshchandra R Agarwal Infracon Pvt. LTC emerged as the lowest bidder for the contract package for the Mumbai-Ahmedabad High Speed ​​Rail Corridor project of National High Speed ​​Rail Corporation Limited.

NMDC: State-run mineral producer NMDC has fixed new, increased prices for the ore. The company has fixed lump sum ore prices ₹5,950 per tonne and at fine prices ₹4,760 per tonne.

TVS Motor: TVS Motor Company has signed an MoU with Tata Power to collaborate on the electric two-wheeler charging ecosystem in India, a report said. Companies will explore opportunities to use solar power to power select TVS Motor locations.

JSPL: Jindal Steel & Power Ltd has recorded its highest ever quarterly steel sales during the second quarter of the current financial year, the company said on Tuesday. JSPL’s steel sales volume grew 32% qoq and 10% year-on-year to a record 2.13 million tonnes during the quarter. JSPL Steel sales in Q2FY22 crossed 2 million tonnes for the first time.

Vodafone Idea: The demand for Vodafone Idea shares came on Tuesday after reports suggested that the government has asked its promoters to infuse cash into the company. It was also told on Tuesday that the government is considering withdrawal of dispute cases against telecom companies. ₹40,000 crores.

Future Retail: On Tuesday, the company said it has terminated its two-year-old franchise agreement with 7-Eleven Inc. to open and manage a global eponymous brand store as a master franchisee in India. The two retailers had partnered in February 2019 with an agreement that the Kishore Biyani-owned retailer would develop and operate the American company’s convenience stores in the country.

Vedanta: Mining giant Vedanta Group will consider bidding to buy the government’s stake in Hindustan Copper Ltd as its billionaire founder Anil Agarwal has said when the state-run company is put up for privatization. He said that the company is trying its best for this.