Here is a list of the top ten stocks that may appear in the news on Wednesday:
State Bank of India: The government appointed Dinesh Kumar Khara as SBI president on Tuesday, and Rajnish Kumar resigned at the end of his three-year term. The Board of Banks Bureau had recommended that Managing Director Khara be appointed chairman.
Dependency industries: The Abu Dhabi Investment Authority will invest ₹Rs 5,512.50 crore in Reliance Retail Ventures Ltd for a 1.2% stake, in Mukesh Ambani’s seventh stake sale of the company to so many investors in less than four weeks.
Bajaj Finance: The company said its consolidated deposit book increased by 22.5 percent to ₹21,600 crore in September 2020, while the customer franchise grew 14% to 4.41 crore.
Tata Motors: The group’s global wholesale sales, including Jaguar Land Rover, decreased 16% to 2,02,873 units in the second quarter of the current financial year from the prior year period. However, the company’s shares in BSE rose almost 8% to ₹144.45.
HDFC Bank: CEO and CEO Aditya Puri has assured employees of the nation’s largest private sector lender that their jobs and bonuses are safe. Puri, who will retire at the end of this month, said the bank is doing well, has enough capital, and is under no pressure on the loans it has made.
Tata Consulting Services: The IT company is likely to post a sequential 8-15% increase in September quarter earnings on Wednesday and a 2-3% growth in revenue in constant currency terms.
Cox and Reyes: The Enforcement Directorate (ED) arrested Cox and Kings CFO Anil Khandelwal and internal auditor Naresh Jain on Tuesday in the alleged money laundering case involving former Yes Bank promoter Rana Kapoor.
Dewan Housing Financing: The Directorate of Enforcement (ED) filed a rejoinder affidavit in the Supreme Court on Tuesday opposing the Bombay High Court order granting bail to Kapil Wadhawan and Dheeraj Wadhawan, promoters of Dewan Housing Finance Corporation Ltd, facing money laundering charges in the Yes Bank case.
Dixon Technologies: The company’s branch, Padget Electronics, has been chosen as the national mobile phone manufacturing partner in the government production linked scheme.
Matrimony.com: The matchmaking service provider expects to see double-digit growth in revenue and would invest in products and marketing to gain a larger share of the market share, according to a report from PTI.
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