Stocks likely to be in limelight today
Dr Reddy's Laboratories: The company announced the launch of Ertapenem for injection in the US market.
Matrimony.com Ltd: Matrimony reports strong net profit growth of 38 per cent in FY21. In addition to this, it also announced the launch of BhojpuriMatrimony.com, an exclusive matrimony service for the Bhojpuri community. It also launched IIMIITMatrimony.com, a niche matrimony service for graduates from· premier institutes.
Infosys: The company announced that it has been selected by Britvic, one of the leading branded soft drinks businesses in Europe, as a strategic end-to-end partner to help them deliver their strategic transformation roadmap & operations, across applications, cloud infrastructure, service management, and end-user computing.
TCS: Tata Consultancy Services (TCS) has been named a leader and star performer in Everest Group PEAK Matrix® for financial crime & compliance (FCC) operations.
Modi Naturals: The company informed that it is planning to launch new products such as peanut butter and Pasta under the brand name, Oleev Kitchen as a pilot study project. The products will be launched in a full-fledged manner only after observing the market's response.
Ganesh Benzoplast: The credit rating agency, Infomerics Valuation & Rating has upgraded the rating on long-term bank facility – fund-based, from IVR BBB-/stable outlook to IVR BBB/stable outlook. Along with this, the rating on long-term & short-term, non-fund-based was also upgraded from IVR BBB-/stable outlook/IVR A3 to IVR BBB/stable outlook/IVR A3+.
CG Power: The company’s board of directors have considered & approved the issue and allotment of 1,38,45,000 equity shares of the company of a face value of Rs 2 each on a preferential basis at a price of Rs 73.10, including a premium of Rs 71.10 per equity share. The total amount aggregated to Rs 1,01,20,69,500 for consideration other than cash, i.e., for settlement of liability of the company under the guarantee issued by it pursuant to the terms set out under guarantee settlement agreement to Standard Chartered Bank (Singapore) Limited, a qualified institutional buyer, subject to the approval of the shareholders of the company.
Geojit: Geojit Financial Services has entered into an agreement with Punjab National Bank (PNB) to provide the advantage of a 3-in-1 account to the latter's customers. The new service would give all the customers (who have a savings account with PNB), a PNB Demat account as well as a Geojit trading account. Saving and Demat accounts can be opened online in PNB with a hassle-free approach.
Tata Power: Tata Power Delhi Distribution Limited participated in the engendering utility programme, sponsored by USAID in an endeavour to stay ahead of the curve and bolster gender equality at the workplace.