TCS, Delta Corp, Axis Bank, Infosys, Bajaj Auto, and Adani Ports are some of the stocks mentioned in the report.

The Singapore Exchange’s Nifty futures traded 43.5 points, or 0.25 percent, lower at 17,184.5, indicating that Dalal Street would have a bad start to the day on Tuesday. There are 12 stocks that may be popular in today‚Äôs market.

 

The companies that will release their September 2022 quarter results today include Delta Corp, GM Breweries, Trident Texofab, Supreme Infrastructure, Gujarat Hotels, and Choksi Imaging.

 

TCS: The largest exporter of IT services reported an 8.4% increase in net profit for the September quarter at Rs. 10,431 crores, but margins were hurt. Revenues increased by 18% to Rs 55,309 crore in the reporting quarter from Rs 46,867 crore in the same quarter last year.

 

The National Company Law Tribunal (NCLT) Hyderabad bench has accepted an insolvency action case filed by Axis Bank against its subsidiary GVK Power, according to GVK Power & Infrastructure (NSE: 1.27%). (Goindwal Sahib).

 

Infosys: The large IT company said its board would deliberate on a share repurchase proposal. The board of the company will debate a proposal for the repurchase of fully paid-up equity shares of the company at its meeting on October 13, 2022.

 

-2.24% Bajaj Auto NSE: According to the two-wheeler manufacturer, its share repurchase program resulted in the purchase of nearly 64 lakh shares from public shareholders for a total of Rs 2,499.97 crore. The business, which had started the share buyback on July 4, 2022, said the Buyback Committee had approved the exercise’s completion and closure at its meeting on Monday.

 

Adani Ports NSE -0.98% and Special Economic Zones: The port operator company announced that NCLT Ahmedabad and NCLT Hyderabad have given their approvals for the composite scheme of arrangement to be used to acquire the remaining 58.1% interest in Gangavaram Port (GPL). With the purchase of the final 58.1% stake, APSEZ will have full ownership of GPL.

 

Wind’s subsidiary Inbox Green Energy has sold its full ownership investment in three special purpose vehicles to the Adani Company, according to a statement from Adani Green Energy NSE 1.54%. Inox Wind sold its entire equity stakes in Wind One Renergy, Wind Three Energy, and Wind Five Renergy to Adani Green Energy through its subsidiary arm, Inox Green Energy Services.

 

NSE -0.45% AU Small Finance Bank: R V Verma, a former leader of the National Housing Bank (NHB), was reappointed by the private lender as its non-executive chairman. The choice was made during Monday’s board meeting. The Reserve Bank of India must approve the appointment before it can take effect (RBI).

 

India Cement: The cement company announced that it has reached an agreement to sell JSW Cement its whole ownership in Spring way Mining Private Limited (SMPL) for a total sum of Rs 476.87 crore. In Madhya Pradesh’s Damoh district, SMPL is building a cement mill and owns limestone-bearing land in the Panna area.

 

IDBI Bank: The LIC- and government-owned lender announced a partnership with Vay Network Services as its fintech partner to offer MSMEs funding for their digital supply chains. Vay Network is a platform for supply chain financing that brings together a financial institution, a buyer, and a supplier.