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.
