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Benchmark indices pared early gains but managed to close in the positive territory amid mixed global cues. The Sensex closed 0.24% higher at 59744.65 and the Nifty rose 0.38% to 17812.70.
Top sectoral gainers were Nifty Energy [0.89%], Bank [0.67%], FMCG [0.64%], Infrastructure [0.57%] and Metal [0.51%]. Top laggards were Media [-0.83%], Pharma [-0.39%] and Auto [-0.23%].
Indian rupee rose 19 paise to 74.31 against the US dollar.
Stock in News Today
Reliance Industries Ltd: The company’s subsidiary Reliance New Energy Solar Ltd (RNESL) bought 18.4 million shares in Sterling & Wilson Renewable Energy Ltd. from Shapoorji Pallonji & Co. via an off-market purchase, RIL said in an exchange filing. Shares were bought for Rs 375 apiece and RNESL now holds 25.16% of Sterling & Wilson’s equity.
Airtel: The telecom operator informed the Department of Telecommunications (DoT) that it will not opt for conversion of interest on deferred spectrum and adjusted gross revenue (AGR) dues into equity, it said in an exchange filing. The company also said it will pay the interest on deferred spectrum and Adjusted Gross Revenue (AGR) liabilities.
Tata Consultancy Services (TCS): The IT major has been selected by Ministry of External affairs for the second phase of Passport Seva program. TCS will use biometrics, AI, advanced data analytics, natural language processing and cloud technologies to refresh existing facilities and systems as well as develop new solutions to enable issuance of e-passports.
JSW Steel: The company said it would have a capex \investment of Rs 15,000 crore to set up 5 million tonne per annual (MTPA) steel-making capacity at its integrated plant in Vijayanagara, Karnataka. The Union Steel Minister Ram Chandra Prasad Singh laid the foundation stone of the project at the company’s Vijayanagara unit in the presence of JSW Steel Chairman Sajjan Jindal, along with other government and company officials.
Ujjivan Small Finance Bank: Shares of the lender rose 6.77% after the company said its third-quarter business update that its gross loan book rose 15% over the previous quarter. Total deposits grew 10% QoQ to Rs 15,600 crore and CASA ratio stood at 26% in Q3 as against 22% in Q2.
Hinduja Global Solutions Ltd: Shares of the company fell 20% on Friday after the company declared a third interim dividend of Rs 150 per share and issue of bonus share in 1:1 proportion, on Thursday. Hinduja Global also completed sale of its healthcare services business to subsidiaries of Betaine BV for an enterprise value of $1,200 million (nearly Rs 9,000 crore). The company has transferred all client contracts and to Betaine BV, effective January 6.
Indowind Energy Ltd: The company’s board has decided to issue shares on the rights basis to existing shareholders for an amount not exceeding Rs 50 crore. The company will intimate the record date, rights entitlement in due course of time, according to its exchange filing.
Easy Trip Planners Ltd: The company announced that its board will meet next week on January 12, 2022, to consider the proposal for issue of bonus shares. Shares of the company closed 4.25% higher.
Kalyan Jewellers: The company reported a consolidated revenue growth of 17% YoY for Q3, the company said in its quarterly update. The company witnessed revenue growth of over 15% from their India operations in Q3. The Middle East region contributed approximately 15% to their consolidated revenue and the revenue in the region grew over 22% in Q3.