Stocks that are likely to record significant movement on bourses today
Biocon: The subsidiary of the company, Bicocon Biologics and Viatris receive European Commission's approval for Kixelle, a biosimilar insulin Aspart.
Infosys: Infosys to invest an additional $1M in ideaForge Technology Private Limited, a leading unmanned aerial vehicles(UAV) systems manufacturer, known for rugged and high-precision UAV systems.
TCS: TCS launches new data modernisation solutions to accelerate migration to Snowflake Data Cloud.
Capacite Infraprojects: The company has an order book of Rs 9,145 crore as of December 31, 2020. The company continues to witness an uptick in the project execution, resulting in higher revenue, EBITDA, and PAT on a QoQ basis.
NHPC: The board of Directors has approved the proposal for taking over 2 per cent equity share of PTC India Limited (PTC) in Chenab Valley Power Projects Private Limited (a joint venture company between NHPC Limited (49 per cent), Jammu and Kashmir State Power Development Corporation Limited (49 per cent) and PTC (2 per cent)) by NHPC Limited, subject to the approval of Ministry of Power, Govt of India.
Indian Hume Pipe: The estimated balance value of the work as of January 31, 2021 is Rs 4,691.57 crore as against Rs 3,661.73 crore as of January 31, 2020. The company is L1 in one project, having a value of Rs 162.23 crore as of January 31, 2021.
Kesoram Industries: The company continues to be consistently cash positive in FY20-21. For the first 9 months, PAT is Rs 125 crore against a loss of Rs 44 crore in the corresponding period last year. Resolution of debt will remove the liquidity crunch. This will help the company perform even better.
Sun Pharma: SEBI issued settlement orders in respect of adjudication proceedings initiated pursuant to the show-cause notices issued by SEBI on May 19, 2020 to Sun Pharmaceutical Industries Limited, and the whole-time directors and certain officers at the relevant time. The aggregate settlement charges were Rs 2.92 crore.
Prism Johnson: The company has rationalised 49 workers at one of its tile manufacturing facilities located at Kunigal, Karnataka during January-February 2021. The one-time financial impact on account of such rationalisation is approximately Rs 6 crores, which has been met out of the internal accruals of the company. The aforesaid rationalisation is based on the objective to improve the cost structure and profitability of the plant. This rationalisation would not have any adverse impact on sales of the H&R Johnson (India) Division of the company.