Stocks to watch: Zomato, Infosys, RIL, Hinduja Global Solutions
Here is the list of top stocks that could be in focus on September 13, Monday.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could open in the red on Monday. Overseas, Asian stocks traded lower on Monday, with stocks in Hong Kong leading losses. Chinese technology stocks were under pressure after a report that China is seeking to break up Ant Group Co’s Alipay and create a separate app for its loan business. Trade tension is also in the spotlight again after the Biden administration was said to be reportedly weighing a new probe into Chinese subsidies. Here is the list of top stocks that could be in focus on September 13, Monday.
Infosys: Infosys launched Infosys Equinox to help enterprises securely deliver hyper-segmented, personalized omnichannel commerce experiences for B2B and B2C buyers.
Reliance Industries: Jio and Google announced that they have made considerable progress towards launching the much-awaited JioPhone Next, the made-for-India smartphone being jointly designed by the companies. Jio Platforms (Jio) is a majority-owned subsidiary of RIL.
Hinduja Global Solutions: The company announced that the Crown Commercial Services (CCS) Framework renewed the company’s approval to supply contact centre and business services solutions on the CCS Framework in the UK.
Arvind SmartSpaces: The board of directors of Arvind SmartSpaces (ASL) approved the allotment of 68.5 lakh equity shares aggregating to about Rs. 85 crore to HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1) and the promoters of ASL at the price of Rs. 124 per share.
Dilip Buildcon: The company said that its wholly-owned subsidiary Bangalore Malur Highways has received the financial closure from the National Highways Authority of India.
Reliance Infrastructure: The Supreme Court upheld the arbitral award in favour of Reliance Infrastructure’s subsidiary DAMEPL. Delhi Metro Rail Corporation is directed to pay damages of Rs.2,950 crore plus interest up to the date of payment to DAMEPL. The proceeds from the arbitral award to be utilised for debt reduction.
Prakash Industries: The company has been declared as a successful bidder in respect of Bhaskarpara Coal Mine in the 12th Tranche of the auction of coal mines.
Zomato: Online food delivery platform Zomato has decided to stop its grocery delivery service from September 17.