By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will remain in the news today and on which the market will be eyeing.
TCS in focus
Will consider buyback with Q3 results on January 12. This could be the company’s fourth buyback. Earlier, the company had done buyback in the years 2017, 2018 and 2020. The size of the last three buybacks was Rs 16000 crore. Buyback is possible at 17-19% premium over the current price. Buyback share is 4500-4600 possible. A buyback of Rs 16000 crore is possible at Rs 4500 per share. Buybacks can range from 0.9% to 1% of total equity.
SH KELKAR Q3 Update in focus
There has been a good demand for Discretionary and Non-Discretionary. The impact of rising inflation is also visible on volume growth. The European market has seen good growth. Sales are expected to grow at 5.5% in Q3. Margins are expected to remain stable despite cost escalation. On a quarter-on-quarter basis, the total debt is likely to come down from Rs 347 crore to Rs 338 crore. Growth in emerging countries has been 7.1% in the last 9 months.
OBEROI REALTY IN FOCUS
Home sales grew 58.5% to 371 units in Q3 on a year-on-year basis. Bookings in Q3 grew 103% to Rs 1970 crore. Area bookings are up 108% at 1.04 msf.
SOBHA in focus
The sales value grew by 34% to Rs 908 crore in Q3 on a year-on-year basis. Sales volume increased by 20% to 1.32 msf. In Bangalore, the sales volume growth has been 22%. Whereas sales volume growth in Gurugram has been 97%. The performance is expected to improve over the next few quarters.
TATA STEEL IN FOCUS
Crude steel output declined 2.2% to 1.71 lakh tonnes in Q3 while steel sales declined 2.3% to 1.64 lakh tonnes in Q3. On the other hand, domestic steel output grew by 2.12% to 4.8 million tonnes while domestic steel sales declined by 4.3% to 4.4 million tonnes.
Interglobe Aviation in focus
Interglobe Aviation will cancel 20% of the flights. Omicron will cut due to the growing case. Omicron has reduced the number of air passengers.
DLF in focus
Luxury residential project has been launched in Motinagar, Delhi. The total income of the project is expected to be Rs 4000 crore.
Mixed signals from Global Market, SGX NIFTY rises, Japan markets will remain closed due to OLD AGE DAY
RIL in focus
Billionaire businessman Mukesh Ambani-led Reliance Industries (RIL) on Saturday said it has entered into an agreement to buy Mandarin Oriental, a premium luxury hotel in New York, for $9815 million.
In a statement to the stock exchanges, the company said that Reliance Industrial Investment and Holdings Limited (RIIHL), a unit of RIL, has made the entire issue of Columbus Center Corporation (Cayman), a company formed in Cayman Iceland and an indirect owner of 73.37 per cent stake in Mandarin Oriental New York. An agreement has been entered into for purchase of share capital.
BIOCON IN FOCUS
The US FDA has rejected the application for INSULIN ASPART. The company has been issued CRL. INSULIN ASPART has a market of about $2 billion in the US.
DIXON TECH IN FOCUS
Beetel will enter into a JV agreement with Teletech for manufacturing. Together they will make landline, modem.
There will be a board meeting on January 12 to raise 700 crores.
KEC INTERNATIONAL IN FOCUS
The company has received several orders worth Rs 1025 crore. Orders have been received for railways, oil-gas pipelines, infra and cables.
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