Infosys, Raymond, Tata Power, Maruti Suzuki and other hot stocks to watch out for on December 2

Dec 2, 2021

By: Bhakti Makwana

Raymond

The company’s board approved the listing of its auto parts business arm JK Files & Engineering. The subsidiary will launch an ₹800 crore IPO.

Credit: BCCL

Infosys

Infosys extended its strategic collaboration with Proximus to digitally transform, develop, and maintain their information technology (IT) applications with leading artificial intelligence (AI) and automation solutions. Proximus is Belgium's leading digital services and communications solutions provider.

Credit: BCCL

Mahindra Logistics

The third party logistics company and LOGOS, a leading Asia Pacific logistics specialist, have announced a long-term lease agreement for 1.4 million square feet of warehouse facilities.

Credit: BCCL

RITES

The railway ministry has informed the company that a new line between Belgam and Dharwad via Kittur and some other cities in Karnataka will not be executed by the company.

Credit: BCCL

Reliance Power

Reliance Power has defaulted on payment of interest worth ₹1.17 crore to DBS Bank India and ₹44 lakh to IDBI due on October 31, 2021.

Credit: BCCL

NMDC

In November, sales of iron ore went down by 13 percent on year to 2.88 metric tonnes from 3.30 metric tonnes. However, production increased to 3.34 metric tonnes in the previous month from 3.32 metric tonnes last year.

Credit: NMDC

Tata power

The company has been awarded a project by Solar Energy Corporation of India to build a 100 megawatts engineering, procurement and construction (EPC) solar project for ₹945 crore.

Credit: BCCL

Vodafone Idea

Mukesh Ambani’s Reliance Jio has complained, as per a report by The Economic Times (ET), against Vodafone Idea (Vi) to the telecom regulator asking them to investigate Vi’s new prepaid tariff plans that could ‘create a barrier’.

Credit: BCCL

Maruti Suzuki

As per an ET report, the automaker is planning to launch four new sport utility vehicles (SUVs) in the next three years, which may be priced at ₹10 to ₹20 lakh.

Credit: BCCL

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