Stocks in News* *Infosys:* Net profit at Rs 5,809 cr vs Rs 5 | IPO INFO

Stocks in News*


*Infosys:* Net profit at Rs 5,809 cr vs Rs 5,421 cr (QoQ). Guidance FY22 revenue growth guidance raised to 19.5-20% from 16.5-17.5% (Positive)

*Manappuram Finance:* Board meeting to be held on January 17 to consider raising funds via NCDs. (Positive)

*TCS:* Company announces buyback valued at Rs 18,000 cr at Rs 4,500/sh. (Positive)

*Tata Motors:* Company continues to see strong demand for its products with global retail orders at record levels (Positive)

*Rites:* Company signs MoU with IIT Roorkee to explore viable business opportunities in the infrastructure sector. (Positive)

*NALCO:* Company operationalizes 100% of its Pots; brings into operation 960 pots in its smelter plant at Angul. (Positive)

*Sandhar:* The Company has applied under the PLI Scheme for Automobile and Auto Components Sector. (Positive)

*IRCTC:* Indian Railways to restore 2 important trains running between Delhi & Mumbai this month

*Route:* Bank of Maharashtra to transform its customer communications with WhatsApp Banking Service using CPaaS solutions of Route Mobile Limited (Positive)

*Lumax:* Company has commenced its commercial production, of Electronic Components for automotives (Positive)

*HAL:* ICRA has upgraded rating from [ICRNAA+ and outlook revised to Stable from Positive (Positive)

*PB Fintech:* Paisabazaar.com reaches $1.1 billion annualized loan disbursal rate, provides access to credit across 668 cities (Positive)

*Adcon Capital:* To consider stock-split, rights issue on Jan. 21 (Positive)

*Titagarh:* Company acquires infrastructure of erstwhile Precision Shipyard to expand its Ship-building business” (Positive)

*Power Grid:* Company signs a Joint Development Agreement with Africa50 to develop the Kenya Transmission Project (Positive)

*TCS:* Revenue at Rs 48885.0 cr vs poll of Rs 48481.0 cr, Profit at Rs 9769.0 cr vs poll of Rs 9862.0 cr. (Neutral)

*Akshar Chem:* CARE has reviewed the ratings on the bank facilities of the Company and reaffirmed the rating for the Short term Bank Facilities (Neutral)

*Wipro:* $ revenue at $2,639.7 m vs CNCB-TV18 poll of 2,673 m, Revenue at Rs 20432.3 cr vs poll of Rs 20460 cr. (Negative)