Stocks to watch: TCS, Infosys, JSPL, UCO Bank, Stovec Industries
UCO Bank said that the Reserve Bank of India has lifted Prompt Corrective Action restrictions on the bank.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 45 points at the opening bell. Overseas, Asian stocks traded lower on Thursday as investors continue to fret over a slowdown in the recovery from the pandemic. China’s consumer price index rose 0.8% year-on-year in August. Meanwhile, the producer price index jumped 9.5% from a year ago. Here is the list of top stocks that could be in focus on September 9, Thursday.
TCS: Tata Consultancy Services (TCS) has been selected by Avianca, one of the leading airlines in South America, as a strategic partner in its cloud transformation journey.
Infosys: Infosys and The Economist Group, a leading global media company, announced a new strategic partnership designed to enable and accelerate sustainability solutions and drive world-changing impact through a new business-to-business model.
JSPL: The company through its step down subsidiary, Jindal Steel & Power (Australia) Pty Ltd, made a prepayment of $105.66 million (around Rs 777.4 crore). The prepayment has helped reduce the Australian debt by around 50%.
UCO Bank: UCO Bank said that the Reserve Bank of India has lifted Prompt Corrective Action restrictions on the bank.
KPI Global Infrastructure: The company said that the company has terminated power purchase agreement signed for the capacity of 1.10 MW solar power plant under Independent Power Producer (IPP) segment.
Stovec Industries: Stovec Industries and Atul Sugar Screens (Atul) has agreed to the closure of Contract Manufacturing Agreement (CMA), accordingly, closing date of CMA would be 31st July 2022, or such later date as may be determined by Atul, which shall be no later than 30th September, 2022. Until its termination as aforesaid, the company will continue to make production of sugar sieves for Atul.