Tata Motors, TCS, HDFC Bank, ICICI Bank and other trending stocks ahead of RBI’s monetary policy meet

Oct 8, 2021

By: Rounak Jain

Tata Motors

Private equity firm TPG is reportedly considering an investment of $1 billion in Tata Motors’ electric vehicle (EV) division. This could increase to $1.5 billion, The Economic Times reported.

Credit: Tata-Motors

TCS

The information technology (IT) services giant is all set to declare its September quarter earnings today. It has surged nearly 4 percent in the run up to its results.

Credit: TCS

Contd...

TCS has so far bagged 14 deals in the past three months, and analysts expect a profit growth in the range of 10-12 percent year-on-year.

Credit: TCS

HDFC Bank, ICICI Bank and others

The Reserve Bank of India is likely to announce the outcome of its monetary policy meet today. The rates are expected to remain unchanged. Banking stocks will remain in focus.

Credit: Unsplash

Piramal Enterprises

Its board has approved the demerger and listing of the company’s pharma business. The turnover of Piramal Pharma was ₹5,776 crore as of March, 2021.

Credit: Piramal-Enterprises

InterGlobe Aviation

Rakesh Gangwal, one of the promoters of the company, has moved the Delhi High Court to seek enforcement of his arbitral award against the low-cost carrier.

Credit: BCCL

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Both the promoters, Rakesh Gangwal and Rahul Bhatia, had moved an arbitration tribunal in London. The result was a mixed bag for both the parties, say media reports.

Credit: BCCL

Oberoi Realty

Booking value surged more than twice to ₹829 crore in the September quarter, while units booked increased more than four times to 200, year-on-year.

Credit: Oberoi-Realty

JSW Energy

Signed a contract with GE Renewable Energy for the procurement of 810 MW wind turbines, which will be used towards JSW Energy’s 2.5 GW renewable energy projects in India.

Credit: JSW-Energy

Bharti Airtel

Two of Vanguard’s funds have offloaded over 4.3 million shares (rights entitlement) of the company via bulk deals in the open market.

Credit: BCCL

Zee Entertainment

NCLT to resume hearing in the Zee-Invesco case after the NCLAT said that it had made an error in not granting Zee enough time to file a response.

Credit: Zee-Entertainment

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