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Stocks in the news: RIL, Anand Rathi, Titan, HCL Tech and Macrotech

07 Jan , 2022   By : monika singh


Stocks in the news: RIL, Anand Rathi, Titan, HCL Tech and Macrotech

Nifty futures on the Singapore Exchange traded 14.5 points, or 0.08 per cent higher at 17,834, signaling that Dalal Street was headed for a flat start on Friday. Here are a dozen stocks which may buzz the most in today's trade:

Reliance Industries: The subsidiary of Mukesh Ambani's conglomerate, Reliance Retail, has bought a 25.8 per cent stake in Dunzo, India's leading quick commerce player, for $200 million (Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business.

Titan: The Tata group firm it has witnessed "strong demand" across its consumer businesses and clocked 36 per cent growth over the festive quarter last year. The company has witnessed a "buoyancy" in jewellery demand driven by festive purchases in October and November.
HCL Technologies: The IT major said it has completed the acquisition of a 51 per cent stake in German IT consulting company Gesellschaft für Banksysteme GmbH (GBS). In December, HCL Technologies had announced that it will acquire 51 per cent stake in GBS.

Colgate
 Palmolive: FMCG distributors said it has suspended their boycott of certain products of oral care maker Colgate after talks with the company representatives over the issue of the price disparity between the traditional distributors and organized business-to-business channel.

Sterling And Wilson Renewable Energy: The Shapoorji Pallonji and Company said it has sold 1.84 crore shares of Sterling and Wilson Renewable SWREL) to Reliance New Energy Solar after which its stake in SWREL has come down to 33.06 per cent. Earlier, Shapoorji's stake in SWREL was 42.76 per cent.
Macrotech Developers: The realty firm reported a 40 per cent increase in sales bookings to Rs 2,608 crore during the quarter ended December on higher housing demand, helping the company to trim net debt by 20 per cent to Rs 9,925 crore.

Godrej Consumer Products: The leading FMCG player said it is expecting a low volume growth and margin dilution in December quarter due to some short-term challenges such as unprecedented inflation during the period.
Anand Rathi Wealth: The recently listed wealth management player reported an over two-fold jump in profit after tax (PAT) at Rs 32.04 crore for three months ended December 2021. The company had posted a PAT of Rs 13.12 crore in the same quarter of the preceding fiscal.

Jindal Steel & Power: The steel and power player said its chairman Naveen Jindal briefed the Odisha government on the progress made on the company's plan to expand the capacity of it existing steel plant in Angul.


Aurobindo Pharma: The drug maker has launched COVID-19 treatment drug Molnupiravir under brand name "Molnaflu" in India. Molnupiravir is for treatment of adult patients with COVID-19, under certain conditions, a press release said.

Tata Consumer Products: Tata Starbucks announced entry into six new markets as part of its expansion into smaller cities in India. With these new additions, the company now operates 252 Starbucks stores in 26 cities. The company is entering into Siliguri, Nashik, Guwahati, Thiruvananthapuram, Goa and Bhubaneswar.
IndiaMART: The B2B e-online marketplace said it has invested about Rs 133.5 million via its wholly-owned subsidiary Tradezeal Online Pvt Ltd to acquire a 26.01 per cent stake in EasyEcom.

GM Breweries: The smallcap breweries and distilleries player will be announcing its results for the quarter ending on December 31, 2021 and interim dividend, if any.
SJVN: The state-owned run power player said it has achieved a record 90 per cent capital expenditure target in April-December 2021. The capital expenditure is on several ongoing projects of the company in hydro, thermal, wind and solar sectors.
IRB Infrastructure Developers: The construction player said its wholly-owned arm has executed a concession pact with Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for the Rs 6,555 crore 'Ganga Expressway' project in the state.
Ujjivan Small Finance Bank: Gross loan book increased 22 per cent to Rs 16,600 crore, and disbursements jumped 120 per cent to Rs 4,800 crore, while total deposits rallied 34 per cent to Rs 15,600 crore in December 2021 quarter.

NHPC: The state-owned hydropower giant has signed a pact with Green Energy Development Corporation of Odisha to form a joint venture to set up 500-megawatt floating solar power projects in Odisha.


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