Stocks to watch: TCS, Delta Corp, Infosys, Suzlon, Adani Enterprises

Adani EnterprisesAccording to two official sources, Adani Data Network has been granted a unified license for access services, which enables it to provide all telecom services in the country. Adani Data Networks Limited (ADNL), a unit of Adani Enterprises Limited, has acquired the rights to use 400 MHz of spectrum in the 26GHz millimeter wave band price. Recently in the auction of 5G spectrum for 20 years Rs 212 crore.

Tata Consultancy ServicesCountry’s largest IT services exporter Tata Consultancy Services (TCS) on Tuesday said it is confident of achieving double-digit revenue growth in the current fiscal and will target similar performance in FY24. For the first half of this financial year, the Tata group company’s topline has grown by 17.1% 1.08 lakh crore

InfosysIT major Infosys on Tuesday informed that the company’s chairman Ravi Kumar S has resigned from his position, with effect from October 11. “The Board of Directors deeply appreciates the services rendered by Ravi Kumar S for his contribution to the company,” Infosys said in its regulatory filing. Infosys did not give any reason for his departure in the statement.

Shivalik Bimetal Controls: The board of directors of this metal company has fixed 13 October 2022 as the record date for issue of bonus shares. Bonus shares will be issued on ex-date basis, which means the stock will trade ex-bonus today. The Board of the Company has also declared Bonus Shares in the ratio of 1:2, which means that one Bonus Share will be given free of cost to a shareholder having 2 Equity Paid-up Capital of the Company as on the record date.

Delta Corp: In its second-quarter earnings report, Delta Corp. reported year-over-year net profit 68.3 crore as compared to a loss of Rs. 75 crore during the same quarter last year. The casino operator has seen a 19.5% sequential increase in consolidated profit and an 8% increase in revenue during the same period. 270 crores.

Work Facilities and Services: This BSE listed company has fixed 13th October 2022 as the record date for issue of bonus shares on ex-date basis, which means BSE-listed stock is going to trade ex-bonus stock today. The Board of Directors of the Company has already approved and declared the issue of Bonus Shares in the ratio of 1:1 which means one Bonus Share for every Equity Paid-up Capital held by the Shareholder as on the Record Date. .

Marcsons PharmaDrug firm Marcsons Pharma on Tuesday said it has entered into an agreement with Tevapharm India to acquire Goa-based bulk pharmaceutical formulations business. The company has entered into a business transfer agreement with Tevapharm to acquire its business relating to manufacture and supply of bulk pharmaceutical formulations on the basis of slump sales.

Suzlon EnergyRenewable energy solutions provider Suzlon Group on Tuesday said it has received a fresh order from the Aditya Birla Group to develop a 144.9 megawatt (MW) wind project. The company said the project is located at sites in Gujarat and Madhya Pradesh and is expected to be commissioned in 2023. The value of the deal is not yet known.

Adani GreenAdani Green Energy on Tuesday said its arm Adani Renewable Energy Holding Four has incorporated two new subsidiaries. As per BSE filings, these two subsidiaries are Adani Renewable Energy Forty Four Limited (ARE44L) and Adani Renewable Energy Forty Eight Limited (ARE48L). The main objective of the new subsidiaries is to produce, develop, convert, distribute, communicate, sell and supply any type of electricity or electrical energy using wind power, solar power or other renewable sources of energy.

indusind bankUS-based hedge fund Route One Fund I LP on Tuesday divested 1.54 per cent stake in IndusInd Bank. 1,401 crore through an open market transaction. As per the data available with NSE, Route One Fund I LP sold 1,20,00,000 shares, which is equivalent to 1.54% stake in the company. settlement of shares. was done at the average price of 1,168.26 each, taking into account the value of the transaction 1,401.91 crores.