Top stocks in focus: KEC International, Infosys, RITES, Lupin, Welspun Enterprises

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Jun 16, 2021 07:06 IST India Infoline News Service

KEC International Ltd., a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs937cr across its various businesses.

Senior officials of the Finance Ministry will hold a meeting with software major Infosys on June 22, 2021, on issues and glitches related to the new e-filing portal of the Income Tax Department,

Entertainment Networks: Mirchi reports Rs99cr revenue in tough 4th quarter.

Newgen Technologies: Diwakar Nigam, Chairman & Managing Director and Mr. T S Varadarajan, Whole Time Director, (jointly referred as “Promoters”) of Newgen Software Technologies Limited (“Company”), announced a sale of an aggregate 10.57% equity stake in the Company.

Jubilant HollisterStier LLC, a wholly-owned subsidiary of Jubilant Pharma, Enters into Manufacturing Partnership for Production of COVID-19 Vaccine Candidate, COVAXIN in the US.

Sumant Patel announces succession, Krishna Patel to take over as Executive Chairman of Nesco Limited.

RITES Limited has emerged as Lowest bidder for a tender called by Railway Board, Ministry of Railways for railway electrification work on turnkey basis.

Wipro collaborates with FEV to open Innovation Lab for developing Software Defined Vehicles.

Wipro joins Growing Ecosystem of partners using IBM Cloud Paks with Red Hat OpenShift to Modernize Mission-Critical Workloads.

KPI Global Infrastructure signed new long term Power Purchase Agreement (PPA) with Polycab India, Vadodara for sale of 5.70 MW solar power for their different units for a period of 20 years under Independent Power Producer business vertical.

LIC Housing Finance reported lower standalone profit at Rs398.92cr in Q4FY21 against Rs421.43cr in Q4FY20; revenue rose to Rs4,967.69cr from Rs4,920.17cr YoY.

Hindustan Organic Chemicals reported consolidated profit at Rs7.5cr in Q4FY21 against loss of Rs20.39cr in Q4FY20; revenue increased to Rs 110.55 crore from Rs 92.75 crore YoY.

Flexituff Ventures International: The company reported loss at Rs1.33cr in Q4FY21 against Rs7.82cr in Q4FY20; revenue rose to Rs 265.5 crore from Rs 178.35 crore YoY.

Lupin: Life Insurance Corporation of India acquired 2.019 percent stake in Lupin via open market transaction, raising stake to 6.629% from 4.61% .

Results today: RITES, Asahi India Glass, CESC, Commercial Syn Bags, DIC India, Kakatiya Cement Sugar, Manaksia Steels, Nureca, Pritika Auto Industries, Somany Ceramics and Welspun Enterprises.

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