The top 10 stocks that will be the subject of today’s attention are listed below:
L&T: L&T Energy Hydrocarbon, the hydrocarbon division of Larsen and Toubro Ltd., announced in a regulatory statement to the stock exchanges on Monday that it had received important contracts. Projects with a budget of ₹1,000,000,000 to ₹2,500,000 are considered “major” by the company. The EPC major claimed that British Gas Exploration and Production India, a member of the Shell Plc Group of companies, had awarded the company the nation’s first contract for the decommissioning of offshore facilities.
NDTV: New Delhi Television Ltd. (NDTV) reported on Monday that a unit of the Adani Group had received shares from a company backed by its founders, moving the billionaire Gautam Adani-led conglomerate one step closer to acquiring the media company. Adani will have control over a 29.18% interest in the company following the share transfer. Additionally, Adani is running an open offer for a 26% stake in NDTV from November 22 to December 5.
Tata Consultancy Services: For enterprise customers who wish to employ quantum computing and its applications to tackle challenging business issues, Tata Consultancy Services (TCS) has made its quantum computing lab accessible on Amazon Web Services (AWS). According to TCS, its AWS quantum computing lab will give businesses a virtual environment for research and development that is powered by Amazon Braket, an entirely managed quantum computing service provided by AWS. Businesses will be able to test quantum algorithms using Braket on virtual quantum computers operating on the AWS cloud infrastructure.
Mahindra and Mahindra: It’s been claimed that Mahindra has recalled the just-released Mahindra Scorpio-N and XUV700 SUVs. CarToq reports that the business has recalled the SUV due to a vendor quality control issue that may have impacted the “operational dimensional clearance” of the rubber bellow located inside the clutch bell housing. The purpose of the recall is to inspect and replace the rubber bellow.
HCL Tech: To digitally change its operations, the IT firm HCL Tech has entered into a multi-year agreement with the Swiss provider of maintenance, repair, and overhaul services, SR Technics. With over 500 customers globally, SR Technics collaborates with a network of partners and business development offices in Europe, the Americas, Asia, and the Middle East to provide complete, fully tailored MRO solutions for aviation engines, airframes, and components.
Kotak Bank: A division of Kotak Mahindra Bank intends to raise up to $1 billion in order to make investments in the data centre industry. According to an official release, Subhamkar Das has been appointed as the chief operational officer for the “Kotak Data Centre Funds platform” by Kotak Alternate Assets, a branch of Kotak Investment Advisors (KIAL). The fundraising ambitions were not mentioned in the announcement, but according to market sources, the private sector lender’s arm intends to raise between USD 500 and USD 1 billion for the fund, which will be invested in the data centre industry.
Lupin: Drugmaker Lupin announced on Monday that a subsidiary of Bausch Health Companies Inc. has agreed to sell nine products’ rights to its unit in Brazil. According to a statement from Lupin, MedQuimica Industria Farmaceutica, the company’s sole Brazilian subsidiary, has signed a binding contract to buy nine pharmaceutical products from BL Industria Otica Ltda. According to the company, as part of the deal, MedQuimica will gain the rights to a number of medications, including Limbitrol, Melleril, and Dalmadorm, for disorders affecting the central nervous system.
Dhanlaxmi Bank: The organisation has informed stock exchanges that the Bank’s Board of Directors has set Monday, December 5, 2022, as the date on which they will evaluate or approve the Bank’s request to raise money through the issuance of Non-Convertible Debentures (NCDs) in the form of Tier 2 Bonds that complies with Basel III and total Rs. 200 crores. The quarter that ended in September 2022 witnessed a YoY increase of 334% to Rs. 15.89 crore at Dhanlaxmi Bank, with a net profit of Rs. 3.66 crores.
NBCC India: The state-owned construction firm NBCC (India) Ltd. stated on Monday that the former real estate firm Amrapali Group has given it work orders for projects totaling Rs.271.62 crore. A regulatory filing by the business revealed that it has been given a Rs 42.44 crore contract to complete construction of the Amrapali corporate Hub at IMT Manesar in Gurugram, Haryana.
JK Cement: In central India, JK Cement Ltd. has started operating its 4 million tonnes per annum (mtpa) grey cement grinding facilities. The company’s capacity for grey cement now stands at 18.7 mtpa. Consistent capacity expansion is encouraging for its prospects for volume growth. Sahadeo predicts that capex completion will be the main factor in JK Cement’s volume increase during the following two years. The company’s overall goal is to achieve a 25 mtpa grinding capacity by FY25.