Stocks in the news:
1. Hero MotoCorp (HMCL): HMCL reported that it retailed 14 lakh units during the just concluded festive period, i.e. 98% of last year's levels on like to like basis.
2. Tata Consultancy Services (TCS): Tata Consultancy Services (TCS)'s shareholders has approved buyback of | 16000 crore at | 3000/share. The Company has fixed Saturday, 28 November 2020, as the Record Date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.
3. L&T: L&T has secured one of its biggest orders ever for its Construction and Mining Equipment business to supply 46 units of Komatsu Mining Equipment from Tata Steel. The scope includes supply of equipment and full maintenance contract for 60000 hours of equipment operation.
4. Punjab & Sind Bank: Punjab & Sind Bank’s board will meet this week to consider raising up to ₹ 5500 crore by issuing shares on a preferential basis.
5.TTK Prestige: A lockout has been declared due to strike by workers at TTK Prestige’s Manufacturing facility in Khardi, Maharashtra. The management has indicated that it has sufficient alternate capacities in other factories and the financial impact is not expected to be material
6.Wipro: Wipro has fixed 11 December 2020 as the Record Date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.
1. Hero MotoCorp (HMCL): HMCL reported that it retailed 14 lakh units during the just concluded festive period, i.e. 98% of last year's levels on like to like basis.
2. Tata Consultancy Services (TCS): Tata Consultancy Services (TCS)'s shareholders has approved buyback of | 16000 crore at | 3000/share. The Company has fixed Saturday, 28 November 2020, as the Record Date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.
3. L&T: L&T has secured one of its biggest orders ever for its Construction and Mining Equipment business to supply 46 units of Komatsu Mining Equipment from Tata Steel. The scope includes supply of equipment and full maintenance contract for 60000 hours of equipment operation.
4. Punjab & Sind Bank: Punjab & Sind Bank’s board will meet this week to consider raising up to ₹ 5500 crore by issuing shares on a preferential basis.
5.TTK Prestige: A lockout has been declared due to strike by workers at TTK Prestige’s Manufacturing facility in Khardi, Maharashtra. The management has indicated that it has sufficient alternate capacities in other factories and the financial impact is not expected to be material
6.Wipro: Wipro has fixed 11 December 2020 as the Record Date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.