Stocks in the news: Infosys, UPL, Vedanta, NMDC and HCL Tech

Nifty futures on the Singapore Exchange traded 33.5 points, or 0.20 per cent higher at 16,650.50, signaling that Dalal Street was headed for a positive start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:


Infosys: The IT major has onboarded over 1.2 million users across the country on its digital reskilling program Springboard in 100 days. Infosys Springboard has partnered with over 700 educational institutions and education departments of the state governments of Karnataka, Maharashtra, and Uttar Pradesh.

Coal India: The state run coal miner’s subsidiary Northern Coalfields Ltd is set to cross its production target of 119 million tonne for the current fiscal, and an aim of making a capital expenditure of Rs 1,640 crore remains on track.

Vedanta: Billionaire Anil Agarwal’s mining company will pay a dividend to investors for the third time this financial year as a rally in commodity prices boosts its earnings. Vedanta will pay the third interim dividend of Rs 13 per equity share or 1,300 per cent for the fiscal year 2021-22.

HCL Technologies: The home grown IT major announced opening of a centre of excellence in collaboration with IBM to jointly offer network modernization technology to telecom companies.

UPL: The agrochemicals major announced a buyback of shares worth up to Rs 1,100 crore from shareholders, excluding promoters. The buyback of shares will be at a price not exceeding Rs 875 per equity share through the open market route.

Tata Motors: The home grown auto major said it has commenced bookings for the Altroz DCA, the dual-clutch automatic version of the premium hatchback. The bookings for Altroz DCA can be done at all authorized dealerships of the company with an amount of Rs 21,000 and deliveries for the same will start from mid-March.

NMDC: The state-owned miner has posted a 26 per cent jump in its iron ore output to 37.18 million tonnes (MT) during April-February period of 2021-22. During the year-ago period, the company had produced 29.52 MT of iron ore.

JSW Steel, JSPL: The metal companies were among the 21 firms that put in bids in the latest auction of coal mines, the government said. In all, 26 bids were received for the auction of coal mines under the fourth tranche of sale of coal.


Max Financial Services: Max Life Insurance Company has incorporated a wholly-owned subsidiary Max Life Pension Fund Management and will infuse Rs 55 crore into the firm by subscribing to 5.5 crore shares. Max Life is a material subsidiary of Max Financial Services.

Union Bank: The state run lender has raised Rs 1,500 crore by issuing Basel III compliant bonds to investors. The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds in the nature of debentures, aggregating to Rs 1,500 crore.

Sonata Software: The global IT Services and Technology Solutions Company, announced that it has been named a Microsoft Azure Expert Managed Service Provider (MSP), in recognition of its demonstrated expertise in providing world-class solutions on Microsoft Azure.

ABB India: The Engineering services company completed the sale of its turbocharger business to Turbocharging Industries and Services India, as a going concern, on a slump sale basis to its wholly owned subsidiary for Rs 310 crore. In January this year, it had incorporated a wholly owned subsidiary – Turbocharging Industries and Services India.

Swan Energy: The emerging green energy firm said the board on March 5 will consider fundraising of up to Rs 2,000 crore, it said in a regulatory filing.

Religare Enterprises: The diversified financial services provider said it is in the process of setting up a war chest for new ventures. The NBFC said it was going to enter new strategic sectors, including asset reconstruction, alternate investment funds, insurance broking and digital wealth management, embarking on a new era of growth.

UCO Bank: The state-owned lender has extended the fintech partnership with Fisdom to include demat account and stockbroking services, pension funds and tax filing, with an objective to offer customers a three-in-one personal banking experience.

Tantia Constructions: The construction player has bagged a Rs 42.2 crore contract from South Eastern Railway for the construction of a major bridge between Basta and Rupsa.

Hind Rectifiers: The electrical equipment manufacturer has received orders worth Rs 57.32 crore in February 2022.


Mukand: The stainless steel company has sold its land in Thane for Rs 806.14 crore. It has executed an agreement for the sale of said land of 47 acres.