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Stocks in Focus: Honasa Consumer, Infosys, TVS Motors and Others

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The GIFT Nifty futures were trading mixed before the market’s opening on Thursday. Indices are expected to open on a similar flattish note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, ended higher for the second straight session on Wednesday, boosted by strong buying interest in IT stocks and mild gains in FMCG and oil and gas scrips. Nifty 50 closed 0.14% or 28.45 points higher at 19,811.85, while the Sensex advanced 92.47 points or 0.14% to settle at 66,023.24. 

Here are the stocks likely to remain on the market’s radar on November 23.

TVS Motor Company: The automaker has partnered with Minh Long Motors as its distribution partner in Vietnam, the company said in a regulatory filing. Last week, TVS Motors announced its entry into Europe, starting with France. 

RateGain Travel Technologies: The company’s 93,31,259 equity shares raised through Qualified Institutional Placement (QIP) will be admitted for trading on the exchanges from Thursday, November 23, 2023, as per a BSE circular. 

Infosys: The IT major inked a strategic long-term collaboration with TK Elevator to help in the latter’s digital transformation with an artificial intelligence-first strategy and transition the operations of all its business applications across North America and major markets in Europe to Infosys, thereby enabling integrated application management. The financial details of the engagement were not disclosed.

Liberty Shoes: The company removed its Executive Director Adesh Kumar Gupta from the board after the National Company Law Tribunal (NCLT) dismissed his petition seeking exemption on requirements to file a plea. 

Honasa Consumer: The parent company of brands like Mamaearth, The Derma Co, and BBlunt, on Wednesday, posted its Q2FY24 profit at Rs 29.44 crore, up nearly 94% against Rs 15.19 crore during the second quarter of the last fiscal. It recorded consolidated revenue from operations for the quarter under review at Rs 496.10 crore, up 20.9% on a year-on-year (YoY) basis.

Genesys International Corporation: The company has inked a strategic partnership with Survey of India for the 3D digital twin mapping programme in India.

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