Here is a brief overview of the stocks that are probably going to be the focus of today’s trading.
Tata Consultancy Services, Infosys, Wipro, HCL Tech, Tech Mahindra
Following the White House’s clarification that the $100,000 H-1B visa cost will only be applied to new applicants, IT heavyweights including TCS, Wipro, Infosys, HCL Technologies, and Tech Mahindra are anticipated to continue to get attention. Nonetheless, there is also doubt about whether businesses can fully pass these expenses on to customers, which might keep the industry burdened.
HUDCO
The business and NBCC have signed a Memorandum of Understanding (MoU) for the execution of four construction projects in Delhi, Gujarat, Haryana, and Uttar Pradesh.
RailTel Corp
The Dredging Corporation of India has awarded the business a work order worth ₹18.06 crore to supply DCI boats and ICCC with continuous offshore internet access.
NTPC
According to a business spokesman, NTPC, which is branching out into renewable energy, is looking at purchasing uranium assets overseas to ensure a source of fuel for its next nuclear projects.
Yes Bank
The acquisition of nearly a quarter of YES Bank by Japanese lender SMBC is seen as a positive vote of confidence and may possibly create “possibilities” for a rating upgrade.
Lupin
The company’s Pune Biotech factory was the site of a product-specific Pre-Approval Inspection conducted by the US Food and Drug Administration (US FDA) from September 8 to 19.
Hariom Pipe Industries
The Maharashtra government and the steel pipes manufacturer have signed a memorandum of understanding (MoU) for the establishment of an integrated steel factory in Gadchiroli valued at ₹3,135 crore. The state has promised to support the project with incentives and the required permissions.
Oil India
To further its clean energy expansion, the business has partnered with Rajasthan’s RVUNL to establish 1.2 GW of renewable energy projects in the state.
PNC Infratech
The Bihar State Road Development Corporation has granted the company a Letter of Acceptance (LOA) for a project worth ₹495.54 crore.
Power Grid
Madhya Pradesh’s interstate transmission system installation project has been awarded to Power Grid Corporation of India.
