Stocks to watch: Nazara Technologies, TCS, Srei
TCS: Global IT services, consulting and business solutions organization Tata Consultancy Services, announced that its long-standing partnership with State Bank of India (SBI), India’s largest bank, has been extended for five years as the bank begins its next stage of growth based on the three pillars of technology, resilience and people.
Nazara Technologies: Nazara Technologies, the online games company backed by Rakesh Jhunjhunwala, has raised ??315 crore through a preferential allocation of equity shares to two institutional investors, the company said in an exchange document.
Srei: The promoters of the Kolkata-based Srei Group, Adisri Commercial Pvt. Ltd, moved the Bombay High Court against the action of the Reserve Bank of India (RBI) against Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL). The promoters of the Srei group have requested the suspension of all insolvency proceedings against the two companies.
IRCTC: The national stock market giant continued to grow and rose around 20% during the week, with the company benefiting from an improved outlook for the travel and tourism industry with the lifting of covid restrictions and the economic recovery.
IDBI Bank: IDBI, due to its founding week, is showcasing its retail asset products this holiday season. The products would include auto loans, student loans, and home loans with enhanced functionality.
Nalco: The National Aluminum Company Limited (Nalco) was the only stock subject to the ban on futures and options (F&O) for trading by the National Stock Exchange (NSE) on Wednesday. The script was banned in the M&O segment because it exceeded 95% of the market wide position limit (MWPL), according to the NSE.
Addiction: Reliance Jio experienced an outage on Wednesday that affected users in Madhya Pradesh and Chhattisgarh. The company then announced a “two-day free unlimited plan” that will automatically be applied to the current plans of affected users.
Steel tata: Tata Steel had a mixed September quarter (T2FY22) in terms of overall crude steel delivery and production volume, the company said in a filing on Wednesday. Tata Steel Europe recorded steel production of 2.56 million tonnes compared to 2.67 million tonnes in the last quarter, a decrease of 4%.
Power of Tata: The company has signed a three-year business agreement with BluWave-ai, the world’s first renewable energy artificial intelligence (AI) company. This agreement comes at the conclusion of a successful test project in which Tata Power evaluated the performance of the BluWave-ai cloud platform to generate intraday and daily dispatches for use in its planning operations. ‘food.
Equitas SFB: Equitas Small Finance Bank announced the launch of the ASBA facility on its Internet banking, mobile banking and UPI interface for its clients. ASBA (Applications Supported by Blocked Amount) is a process required by Indian regulator Sebi to apply for IPOs, FPOs and others.
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