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Stocks in the news: Bajaj Finance, Tech Mahindra, Paytm, HFCL and Tata Power – Economic Times

Nifty futures on the Singapore Exchange traded only 6 points, or 0.03 per cent higher at 18,344, signaling that Dalal Street was headed for a flat start on Tuesday. Here are a dozen stocks which may buzz the most in today’s trade:

Bajaj Finace, L&T Tech, Tata

: Bajaj Finance, , L&T Technology Services, Tata Elxsi, Trident, ICICI Securities, DCM Shriram, Network 18 Media & Investment, , Just Dial and EKI Energy Services are among the companies that will announce their December quarter results today.

Tech Mahindra: The IT major announced acquisition of 100 per cent stake in Europe-based Com Tec Co IT (CTC) and 25 per cent stake in two insurtech platforms for a total of EUR 330 million (about Rs 2,800 crore). The company said the acquisitions will strengthen its digital engineering and insurance technology businesses.

One97 Communication: Payments Bank, an lending arm of the company, said it issued over 4.5 lakh FASTags in December 2021, registering 11.33 per cent rise as compared to the previous month. Paytm Payments Bank claims to have led the market in the FASTag segment with 28.2 per cent market share.

Prestige Estates: The realty firm reported over two-fold jump in sales bookings at record Rs 4,267.6 crore for the quarter ended December. The company’s sales bookings stood at Rs 2,026 crore in the year-ago period.

Bank: The state-owned lendersaid it has garnered Rs 1,971 crore through additional tier-1 bonds, to fund business growth. The bank has issued and allotted Basel-III-compliant additional tier-1 bonds at a coupon of 8.50 per cent per annum aggregating to Rs 1,971.00 crore on a private placement basis.


Tata Power:
The renewable energy arm of Tata Group firm, Tata Power Renewable Energy Ltd (TPREL) has commissioned two solar power projects of 50 MW each in Uttar Pradesh. TPREL has comissioned the solar projects at Prayagraj and Banda.


HFCL:
The domestic telecom gear maker posted 4.7 per cent decline in consolidated profit to Rs 81.1 crore for the third quarter ended December 31, 2021 mainly on account of hike in component prices, specially semiconductors. The company had posted a profit after tax of Rs 85.11 crore in the same period a year ago.

Angel One: The brokerage firm a 125 per cent year-on-year growth in consolidated net profit for the December quarter at Rs 165.5 crore. The revenue from operations grew 94.7 per cent from a year ago to Rs 597.3 crore. The company announced an interim dividend of Rs 7 per share.

Bosch: The auto components major said it has appointed Karin Gilges as its Chief Financial Officer (CFO) effective May 1, 2022. The board of directors at its meeting held on January 17, 2022, based on the recommendations of the nomination and remuneration committee and the audit committee.

Company: The leading NBFC and part of Murugappa Group said it plans to acquire 72.12 per cent stake in fintech payment solutions provider Payswiff Technologies Private Ltd for Rs 450 crore.

Tatva Chintan Pharma Chem: The recently chemical company reported higher profit at Rs 22.8 crore in the December 2021 quarter against a net profit of Rs 20.87 crore in the corresponding period previous year. The revenue of the company jumped to Rs 104.67 crore from Rs 80.1 crore during the period.

Indian Railway Finance Corporation: The dedicated market borrowing arm of the Indian Railways, has raised $500 million (about Rs 3,500 crore) through issuance of green offshore bonds. IRFC is the first CPSE to list its offshore bonds exclusively at Indian stock exchanges established in the GIFT City, Gandhinagar.


Strides Pharma Science:
The drug maker said its Singapore-based arm has received approval from the US health regulator for its generic version of oseltamivir phosphate for oral suspension, used for treating illness due to influenza.

SJVN: The state-owned power player said its 1,320-MW Buxar Thermal Power Plant has entered the advanced construction phase. SJVN’s 1,320-MW Buxar Thermal Power Project in Bihar achieved another milestone with Jacking up of ceiling girder for first boiler unit.


Vishwaraj Sugar Industries:
The sugar player will invest Rs 250 crore to set up a new ethanol plant in Karnataka. At present, VSIL has a sugarcane crushing capacity of 11,000 tonnes per day, distillery capacity of 1 lakh litres per day, co-generation capacity of 36.4 MW, and vinegar manufacturing capacity of 70,000 litres per day.

Vikas Ecotech: The specialty chemical company reported higher profit at Rs 3.42 crore in Q3FY22 against Rs 0.01 crore in Q3FY21. The company’s revenue jumped to Rs 75.26 crore from Rs 28.39 crore during the period under review.