Stocks likely to buzz on bourses today

Karan Dsij
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Stocks likely to buzz on bourses today

Aarti Industries: Recommendation of issuance of fully paid-up bonus share in the ratio of 1:1 i.e. one equity share for every 1 fully paid-up equity share of Rs 5, each subject to the approval of the shareholders of the company.   

Infosys: Majesco collaborates with Infosys to accelerate the digital experience for insurers.  

Wipro: Following the transition to a new operating model, Opus Capital Markets Consultants, LLC, a Wipro Company, has been fully integrated with Wipro, a leading global information technology, consulting & business process services company, which has now become Wipro Opus Risk Solutions LLC.   

Astral: Odisha plant construction is going on as per the schedule. The company is planning to start production by September 2021. Valve Project will be completed in Q2 FY 2021-22. The solar project has commissioned the generation of power in Q1 FY 21-22 at Ghiloth (Rajasthan) and Sangli (Maharashtra) plants. During the quarter, the company's management decided to close the loss-making business of the joint venture company, Astral Pipes Limited (Kenya) and started the process for selling of its assets.    

Gujarat Pipavav Port: As Cyclone Tauktae hit the coastline of the state of Gujarat last night, Gujarat Pipavav Port suspended its port operations as a precautionary measure.  

Jindal Stainless (Hisar): After the government suspended the countervailing duty (CVD) on China and revoked the provisional CVD on Indonesia in the latest Union Budget, the domestic industry is expecting a significant rise in imports during the current financial year. Unfairly priced imports from Indonesia and China are likely to distort the domestic market especially the MSME manufacturers.  

JSW Energy: JSW Hydro Energy Limited, a wholly-owned subsidiary of JSW Energy Limited has raised US$ 707 million by allotment of US$ denominated senior secured notes.   

Chalet Hotels: Development of commercial project at Renaissance Complex, Powai (Mumbai) is on track, to be completed by Q4FY23. Given the labour situation and lockdowns in Bengaluru, the development of commercial project at Marriott Complex, Whitefield (Bengaluru) may get delayed by 1-2 quarters from its earlier completion target of Q4FY22.  

Brigade Enterprises: The company achieved all-time high pre-sales of 1.66 million sqft in Q4FY21 and 4.60 million sqft in FY21. CAGR for the last 3 years stands at 43 per cent. The average selling price is Rs 6,128 per sqft in Q4 FY21.    

NLC India: After completion of rectification and on conformity to all statutory requirements, clearances were obtained from Directorate of Industrial Safety & Health (Tamil Nadu) on May 11, 2021, for starting the unit per cent of Thermal Power Station II at Neyveli.   

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