NEW DELHI: Here’s a list of the top 10 stocks that may be in focus on Wednesday:
Dependency Industries: Qualcomm and Reliance Jio announced Tuesday that they have aligned their efforts to accelerate the development and deployment of indigenous 5G network infrastructure and services in India. Jio has indigenously developed a 5G RAN (Radio Access Network) product that has achieved ultra-high performances and has been tested by a Tier 1 carrier in the US.
Vedanta Ltd: Anil Agarwal’s natural resources company, Vedanta Ltd, may offer a business-to-business loan to Singapore-listed Vedanta Resources Ltd (VRL) to help pay off debt after its delisting offer failed.
HUL: On Tuesday said that the worst of the consequences of the coronavirus pandemic is over, as India’s largest household goods maker reported an 8.7% increase in quarterly profit. Soap maker Lifebuoy said rural markets have strengthened but warned that urban demand could take time to recover.
Britannia Industries: Varun Berry, managing director of the company, known for Tiger and Marie Gold cookies, said rural markets continue to grow faster than urban ones. Modern commerce has suffered and sales are tepid as consumers are wary of going back to stores. Electronic commerce has grown very aggressively.
Adani Group: Billionaire Gautam Adani is looking to buy a large debt-laden Essel group power transmission project. the ₹The 4 billion rupee project involves the laying of some 941 km of transmission lines through Maharashtra, Telangana and Andhra Pradesh, and the construction of a substation in Warangal.
Motherson Sumi: The auto parts maker said it acquired Bombardier Transportation’s electrical wiring interconnection systems business in Mexico. This is expected to strengthen Motherson’s rolling stock component manufacturing business in the rail sector in the Americas.
SpiceJetBudget airline SpiceJet announced on Tuesday the launch of 62 new flights, including four international services to Muscat from Delhi and Ahmedabad and vice versa, starting Thursday under the air bubble deal with Oman.
Mahindra CIE Automotive: Have reported a net profit of ₹60.7 crore in the September quarter against ₹61.17 crore a year ago. Income fell to ₹1,694.3 crore of ₹1,868.5 million rupees.
Bajaj Auto: Life Insurance Corporation of India increased its stake in the company to 6.4% in the September quarter from 4.76% in the June quarter.
Shriram Transportation Finance: The company said Tuesday that it has raised ₹Rs 100 crore by issuing bonds on a private placement basis.
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