Top stocks in focus: Bajaj Finance, Bharti Airtel, GAIL, Thermax, NMDC

5 Jan 2022 , 07:25 AM

Bajaj Finance: Customer franchise as of December 31, 2021, stood at 55.4 MM as compared to 46.3 MM as of December 31, 2020. The Company’s customer franchise increased by 2.6 MM in Q3FY22 as compared to 2.2 MM in Q3FY21.

Bharti Airtel withdraws the scheme of arrangement for the new corporate structure announced on April 14, 2021. The Company’s businesses continue to be categorised under four key verticals – India, Digital, International, and Infrastructure.

GAIL acquired an equity stake of26% held by IL&FS Energy Development Company Ltd (IEDCL) and IL&FS Financial Services Ltd (IFIN) in ONGC Tripura Power Company Limited (OTPC), which owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura.

Thermax Limited has concluded an order of Rs545.6cr from an Indian power public sector company to set up flue gas desulphurisation (FGD) systems for their two units of 500 MW capacity each in the state of Uttar Pradesh, India.

NMDC produced 3.95 MT and sold 3.40 MT of iron ore in the month of December, 2021. The largest iron ore producer of India registered marginal growth in production over CPLY and delivered the highest ever production in any December month since inception.

Texmo Pipes and Products has started commercial production of the project “TEXMO WATER TANK”. The project is mainly used for overhead storage of water in house and commercial establishments and all construction and manufacturing sites and elsewhere.