• Tata Consultancy Services, Gyscoal Alloys, JBF Industries, Shrenik, and Tijaria Polypipes will be among the stocks which will declare their December quarter results today.
Here is the list of top 10 stocks that will be in focus today:
Titan: Titan on Friday said the firm saw healthy consumer demand due to the festive season, resulting in 12% year-on-year growth in combined sales in the December quarter. Titan said that despite the higher base, the firm posted double-digit growth across all segments. The firm added 111 new stores in the December quarter. "Healthy consumer demand on account of an upbeat festive season resulted in a 12% growth in combined sales across the company's standalone businesses. Positive consumer sentiment enabled all categories to register healthy double-digit growth despite a higher base over the same period last year. helped," Titan said in its regulatory filing.
PTC India: A sale at state-backed power trader PTC India Ltd is attracting initial interest from potential suitors, including Gautam Adani, Asia's richest man, according to people familiar with the development. Adani is one of the potential bidders reviewing preliminary information on the trade, said the people, who asked not to be identified because the information is private. Other Indian groups are also evaluating whether to bid, one of the people said. State-owned entities NTPC Ltd, NHPC Ltd, Power Grid Corp of India and Power Finance Corp are working with an advisor to sell about 4% stake each, the people said. He said that the bids are going to be held by the end of this month.
SJVN: State-run SJVNL secured cash flows of India's largest hydropower project- Nathpa Jhakri with Bank of Baroda for an upfront payment of ₹2,000 crore under the government's National Monetization Pipeline (NMP) for a period of 15 years. said two people aware of the development. SBI Capital Markets Ltd. was the transaction advisor for SJVNL's 1.5 GW project in Shimla, Delhi, Haryana, Himachal Pradesh, Punjab, Jammu and Kashmir, Rajasthan, Uttar Pradesh, Supplies electricity to Uttarakhand and Chandigarh. The process saw participation from both state-run and private banks, along with monetization to help finance the equity portion of upcoming projects.
Aditya Birla Fashion and Retail: The company's board of directors said in a stock exchange filing today that "We wish to inform you that, the company proposes to raise funds by issue of 5,000 listed, unsecured, rated, redeemable non-convertible debentures. Face value of ₹10,00,000 (Rupees Ten Lakhs only) to be issued at par of ₹5,00,00,00,000 (Rupees Five Hundred Crores only) on or after January 13, 2023, based on Private Placement. is within the limits approved by the Board of Directors and the shareholders of the Company from time to time."
JSPL: Jindal Steel and Power Ltd (JSPL) will invest up to ₹1,500 crore to operationalize the recently acquired Monnet Power, its Managing Director Bimalendra Jha said. He said that this investment would be made over a period of next 12 to 18 months. In December 2022, the steelmaker acquired the debt-laden Monnet Power for ₹410 crore through the insolvency route. The 1,050 megawatt (MW) under-construction coal-fired power project is located near JSPL's steel plant at Angul, Odisha.
JK Cement: JK Cement on Friday said its subsidiary has acquired Acro Paints Ltd, a paint maker and construction chemicals company. JK Paints and Coatings Limited, a wholly owned subsidiary of JK Cement, has acquired 60% stake in Acro Paints for a cash consideration of ₹153 crore. Through this acquisition, it will give the company commercial presence in the paint business segment.
Gland Pharma: Drug firm Gland Pharma on Friday said it has entered into an agreement with FPCI China French Midcap Fund to acquire 100% stake in Europe-based Senexi Group. The company's Singapore-based wholly owned subsidiary, Gland Pharma International Pte, has entered into a share purchase agreement with FPCI China French Midcap Fund to acquire 100% stake in Senxi in terms of a put option agreement entered into in November last year. .
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