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    Stocks in the news: Infosys, Hariom Pipe, Tata Steel, Shriram City and TVS Motors

    Synopsis

    Infosys and Lesha Industries will announce their March quarter results today.

    Time to book profit in IT stocks? This broker just slashed targets by 18-26%iStock
    Stocks in buzz: Sunteck Realty, Anand Rathi Wealth, Heidelberg Cement, Tinplate Company, Fino Payments, Simplex Infra and more

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    Nifty futures on the Singapore Exchange traded 1 point, or 0.01 per cent up at 17,566, signaling that Dalal Street was headed for a flat start on Wednesday. Here are a dozen stocks which may buzz the most in today's trade:

    Infosys: The IT major along with Lesha Industries are the companies that will announce their March quarter results today.

    Hariom Pipe Industries: The manufacturer of iron and steel pipes will make its debut on the bourses today. The company raised Rs 130 crore via primary route between March 30-April 5 by selling shares in the range of Rs 144-153 apeice.

    Tata Steel: The steel major said that it has completed the acquisition of entire stake held by state-owned SAIL in S&T Mining. The acquisition is part of Tata Steel Group portfolio restructuring and simplification strategy.

    Shriram City Union Finance: The leading NBFC said it is targeting to grow its gold loan book to Rs 15,000-20,000 crore over the next five years. As of December 31, 2021, the non-banking finance company's gold loan book stood at Rs 4,110 crore.

    TVS Motor Company:
    Swiss E-Mobility Group (Holding) AG, a subsidiary of the two wheeler company, has acquired 100 per cent shareholding in Alexand'Ro Edouard'O Passion Vélo Sàrl. The acquired company is primarily engaged in the sale of e-bikes as well as e-bike accessories across a range of premium e-bike brands.

    Sunteck Realty: The real estate player said its sales bookings rose 27 per cent to Rs 1,303 crore in the last fiscal. Its sales bookings stood at Rs 1,022 crore in the previous financial year.

    Anand Rathi Wealth: The wealth management player reported an over three-fold jump in its profit after tax at Rs 35 crore for the quarter ended March 2022. In comparison, the company had posted a Profit After Tax (PAT) of Rs 10 crore in the same quarter the preceding fiscal.

    HeidelbergCement India: The cement company has commissioned a 5.5 Mega Watt (MW) solar power plant in its mining area in Damoh, Madhya Pradesh. It is expected to generate 10 gigawatt hours per annum solar energy and the same will replace electricity purchased under short term open access and from grid.

    Tinplate Company of India: The packaging firm reported a two-fold rise in its profit at Rs 114.41 crore for the quarter ended March 2022. The company had posted a profit of Rs 56.15 crore in the year-ago period.

    Fino Payments Bank: The private lender announced that it will buy a minority stake in New Delhi-based fintech PaySprint for an undisclosed amount. The bank will be picking up to 12.19 per cent stake in the company which offers APIs in banking, payments, travel, lending, insurance and investments.

    Simplex Infrastructures: The civil construction firm company in a BSE filing said the board has approved raising of funds up to Rs 421.8 crore by issuing equity shares and warrants at a price of Rs 56.61 per share, to Swan Constructions.

    Hathway Cable & Datacom: The cable and broadcasting player reported a 60.6 per cent decline in its consolidated net profit to Rs 28.42 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 72.14 crore in the January-March period a year ago.

    Choice International: The financial player said subsidiary Choice Consultancy Services has received a contract worth Rs 107 crore from public sector undertaking. The arm will provide support for various rural water supply scheme under Indian government's 'Jal Jeevan Mission'.

    Duroply Industries: Ace investors Porinju Veliyath & his wife Litty Thomas bought 7,000 equity shares in the company via open market transactions on April 12. With this, their shareholding in the company stands increased to 5.61 per cent, up from 5.5 per cent earlier.

    Reliance Capital: Amid a standoff over the bidding process for debt-ridden company and its subsidiaries, lenders have rejected the concerns raised by the RBI-appointed administrator and have decided to go ahead with their own proposal, an unprecedented development under the insolvency proceedings.

    Future Enterprises: The debt-ridden firm said it has defaulted on payment of Rs 9.10 crore interest on non-convertible debentures. The payment was due on April 11. FEL has defaulted interest for the period between October 11, 2021, to April 10, 2022.

    McDowell Holdings: The National Company Law Tribunal has initiated insolvency proceedings against investment firm and appointed an interim resolution professional. The Bengaluru Bench of NCLT admitted the plea filed by Sun Star Hotels and Estate, a financial creditor of the erstwhile Vijay Mallya-promoted company, claiming a default of Rs 16.80 crore.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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