Newsworthy stocks include BHEL, Infosys, HDFC Life, AR Wealth, Bajaj Auto, and MindTree


The Singapore Exchange’s Nifty futures traded 282 points, or 1.66 percent, higher at 17,239, indicating Dalal Street would have a good day on Friday. The following twelve stocks may be the most popular ones in today’s market.

The second-largest IT services provider in India, Infosys, reported a better-than-anticipated 11% increase in consolidated net profit for the September quarter at Rs 6,021 crore and planned a share buyback worth Rs 9,300 crore. A interim dividend of Rs 16.50 per share has also been declared by the Infosys board.

The insurance industry’s governing body, Irdai, has given HDFC Life Insurance Company NSE 1.22% (HDFC Life) full approval to integrate Exide Life into the business. Exide Life Insurance Company’s parent company Exide Industries NSE NSE 0.68% sold HDFC Life a 100% ownership in the company in January of this year for Rs. 6,687 crore.

BHEL: To establish coal gasification-based plants in the nation, the heavy electricals player reached a deal with Coal India and NLC India. According to the agreement, BHEL and CIL (Coal India) would establish coal gasification-based plants together. In addition, NLCIL will build a pilot plant for lignite-based gasification.

MindTree: An IT company, announced that its consolidated net profit for the September quarter increased by 27.5% year over year to Rs 508.7 crore. When compared to the June quarter, the net profit increased by nearly 8%. The Q2 revenue was estimated to be Rs 3,400.4 crore, up 31.5% year over year and 8.9% over the prior sequential quarter.

MTNL: The State-owned telecom company announced that its shareholders had accepted a proposal to fund up to Rs 17,571 crore through privately placed, government-guaranteed debt bonds. The loss-making public sector telecom company’s shareholders have also increased the board’s ability to borrow up to Rs 35,000 crore.

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