Here are some of the stocks that may see significant price movement today.
Infosys: The IT giant announced that it has approved a share buyback worth ₹18,000 Crore. The buyback will take place at a price of ₹1,800 per share, and shall cover 100 million equity shares. This will be about 2.41% of the outstanding equity share capital of the company. Also, the business has entered into a 10-year pact with HanesBrands to modernise their digital and data operations.
Mahindra & Mahindra: The company announced that its subsidiary Mahindra Holdings will pick up stakes in Mahindra & Mahindra Contech and PSL Media & Communications, making them subsidiaries. With this move, it will simplify the structure of the group, hence enhancing transparency and improving efficiency.
Lodha Developers: The business announced that it has inked a Memorandum of Understanding (MoU) with Maharashtra government to establish a Green Integrated Data Centre Park in Palava. The estimated investment for this project is about ₹30,000 Crore.
JBM Auto: The company said that its subsidiary, JBM Ecolife Mobility, has secured $100 million from IFC to supply 1,455 electric buses across Maharashtra, Assam, and Gujarat. This will boost India’s EV public transport push.
NBCC (India): The company informed that it has entered into a Memorandum of Understanding (MoU) with RIICO for the development of projects worth ₹3,700 Crore. The projects will be situated near Jaipur International Airport.
For feedback and suggestions, write to us at editorial@iiflcapital.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.