Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

Stocks in Focus: Vedanta, Infosys, IndusInd Bank and Others

Picture Source: Internet

The GIFT Nifty futures were trading in the red before the market’s opening on Wednesday. Domestic Indices are expected to open on a similar flat-to-negative note.

Domestic equity indices, NSE Nifty 50 and S&P BSE Sensex ended marginally in the negative zone on Tuesday amid weak Asian markets. 

The Sensex settled at 65,945.47 after shedding 78 points or 0.12%, while the Nifty lost nearly 10 points or 0.02% to close at 19,664.70. 

Here are some of the stocks to keep track of on September 27.

IndusInd Bank: On Tuesday, the private bank inked a multi-year deal with the International Cricket Council (ICC) as a global partner for the ICC Men’s Cricket World Cup 2023 and future ICC Men’s events. 

Century Textiles: Birla Estates, the wholly-owned realty arm of the company, has successfully sold out Phase 1 of Birla Trimaya in Bengaluru with 556 units booked for a total approximate booking value of Rs 500 crore within 36 hours of its launch. 

Infosys: The IT behemoth announced on September 26 that it was collaborating with Microsoft to jointly develop industry-leading solutions leveraging their respective artificial intelligence (AI) services, Infosys Topaz, Azure OpenAI Service, and Azure Cognitive Services. 

Suzlon Energy: The shareholder agreement of Dilip Shanghvi & Associates made in 2020 has been terminated, and its nominee director, Hiten Timbadia, has also resigned from the board.

Vedanta: Moody’s Investors Service downgraded the corporate family rating (CFR) of Vedanta’s parent company, Vedanta Resources Ltd (VRL), from Caa1 to Caa2 over elevated risks of debt restructuring over the next few months and lack of any meaningful progress on refinancing its upcoming debt maturities. The international credit rating agency also downgraded its rating on VRL’s senior unsecured bonds. 

Get Daily Prediction & Stocks Tips On Your Mobile