Top Stocks in Focus for Friday’s Trading Session
LTIMindtree: The company has introduced a quantum-safe virtual private network (VPN) link in London, collaborating with Quantum Xchange and Fortinet to enhance data transmission security for the quantum computing era.
JSW Steel: Completing a ₹750 crore investment in JSW Paints, the company now holds 12.84% of the paid-up equity capital, equivalent to 2.94 crore equity shares.
Lupin: The pharmaceutical major has received tentative approval from the USFDA for marketing Canagliflozin tablets and Bromfenac Ophthalmic Solution in the US.
NMDC: The state-owned iron ore company has set the price of lump ore at ₹5,400 a tonne and fines at ₹4,660 a tonne, effective from November 23.
Prestige Estates Projects: Launching Prestige Glenbrook, a high-rise residential project in Bangalore’s IT hub, the firm aims to develop 285 flats with a revenue potential of ₹550 crore.
TCS: The IT services major’s stock is now ex-buyback after approving a ₹17,000 crore share buyback at ₹4,150 each in October.
Apar Industries: Launching a Qualified Institutional Placement (QIP) worth ₹1,000 crore to address working capital needs, the floor price is set at ₹5,540.2, with an indicative price of ₹5,264 per share, representing a 7.4% discount to Thursday’s closing price.
Union Bank of India: ICRA has revised the credit ratings and outlook for the bank to positive.
Indian Hotels: The company has invested ₹55 crore in Genness Hospitality and ₹35 crore in Qurio Hospitality through a rights issue.
Power Finance Corporation: The state-owned company plans to raise up to ₹3,500 crore through a bond issue.
L&T Finance: Securing a long-term loan worth $125 million from the Asian Development Bank, L&T Finance intends to use the funds to support financing in rural and peri-urban areas in India, with a focus on empowering women.
Karnataka Bank: Partnering with Bajaj Allianz Life Insurance, the bank will now distribute life insurance products.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.