Economy

Stocks in news Today : TCS, Bharti Airtel, Tarsons Products, HDFC and more

The Indian stock market is expected to open lower today, with the SGX Nifty down 223 points at 17,379 at 9:00 a.m. on mixed global cues.

Stocks in news

The Sensex finished 454.10 points higher at 58,795 points, while the Nifty gained 121 points to 17,536 points. The top Sensex gainer was Reliance Industries, which rose more than 6%, followed by ITC, Infosys, Tech Mahindra, Titan, Bharti Airtel, and PowerGrid.

Here are some stocks that are expected to continue to be in the news today.

HDFC: To supplement its long-term capital, mortgage lender Housing Development Finance Corporation (HDFC) Ltd would issue bonds on a private placement basis worth up to Rs 10,000 crore.

Bharti Airtel’s long-term foreign currency Issuer Default Rating (IDR) and senior unsecured rating have been affirmed at ‘BBB-‘ by Fitch Ratings. Fitch Ratings has a negative outlook on the IDR.

Tarsons Products: Shares of Tarsons Products, a life sciences company, are expected to make a good market debut today. The stock is expected to trade at a 27 percent premium over the IPO issue price of Rs 662. Tarsons Products’ grey market premium (GMP) is now hovering around Rs 180.

TCS: TCS has been awarded a multi-year contract by South32, a metal and mining corporation. The Tata group firm said the contract entails streamlining and strengthening South32’s IT operating model for improved resilience and agility, without specifying the cost of the deal.

Piramal Enterprises: Piramal Capital & Housing Finance (PCHFL) and API Holdings have teamed up to offer consumers financing alternatives. By the conclusion of this fiscal year, it has set aside Rs 100 crore for payout. Through its digital platform Retailio, Piramal Capital, a wholly owned subsidiary of Piramal Enterprises, has formed a strategic agreement with API Holdings.

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