Stock buzzing | Sensitive stock levels, infosys, NTPC, and others in the news

Stock buzzing | Sensitive stock levels, infosys, NTPC, and others in the news

The value of sensitive shares including auto, financial and realty shares will be the focus ahead of the RBI policy. Bank of India’s reserves of Shaktikanta Governor of Shaktikanta DAS will reveal the first monetary policy of the new financial year on April 8, after a two-day review amid fears over inflation that is getting faster on the back of higher crude oil and other commodity prices. A review by the monetary policy committee of six members (MPC) led by the DAS is likely to show the RBI course will adopt the remaining financial year 2023 for trying to achieve a good balance between growth growth and limiting inflationary pressures in the economy.

Sterling and Wilson Renewable Energy | The company posted a loss of Rs 126.61 Crore for the quarter ended March 2022, down from RS 344.80 Crore reported a year ago. However, income fell sharply to RS 1,071 Crore from Rs 1,364.5 Crore. In the financial year of FY22, the loss was established at RS 916 Crore, wide of the RS 290 Crore in the previous year, while income rose moderately to Rs 5,199 Crore from Rs 5,081 Crore during the same period.

Jaykay Enterprises | The board on April 12 will consider the proposal to raise funds.

Sonata Software | The Board has approved the appointment of Samir Dhir as the CEO of the company with the effect of April 8, 2022. Srikar Reddy voluntarily dropped as CEO and will continue as the company’s executor director.

Punjab & Sind Bank | The bank has implemented an agreement for sale 8 percent of its shares in India’s company’s reconstruction of SME assets that support Dhansamridhi Finance. The expected amount by selling shares is Rs 4.85 Crore.

NTPC | The Maharashtra state power plant company will form a joint venture that is equal to NTPC which is managed by the state to establish ultra mega solar parks in Maharashtra with a generation of 2500 MW. JV will develop Ultramega 2,500-MW’s renewable solar park in Maharashtra.

Cholamand Investment and Finance Company | The company in Archiving BSE said he channeled around Rs 12,718 Crore at Q4FY22, growth of 58 percent compared to RS 8,071 crore a year ago. Collection efficiency on billing was increased in all product segments and established in 138 percent at Q4FY22 by opposing 120 percent in the period last year.

Infosys IT and Rolls-Royce companies extend strategic collaboration with the launch of the Center for Aerospace and Digital Engineering Innovations in Bengaluru. This center will provide high-end research and development services (R & D) which is integrated with advanced digital capabilities for Rolls-Royce’s Engineering and Group Business Services from India.

Avantel | K Satish & K Swara sells 2.09 percent of shares in the company through open market transactions. With this, their share ownership in the company was reduced to 7.4 percent, down from 9.49 percent before.

Uflex | Crisil has increased long-term credit rating on company loan facilities to AA- from A +, with stable prospects, and short-term rating has been increased to A1 +, from A1.

Hester of Biosciences | The company in Archiving BSE said the council had agreed to the implementation of the Grantin-Aid letter for Grant of Rs 60 Crore (gradually) to companies by the Biotechnology Industry Research Assistance (BIAC), Indian companies. This will support the manufacture of covid vaccines under the Surakha Covid mission.

Special product JSW LSW | Raw steel production at Q4FY22 of 0.17 million tons increased by 11 percent, from 0.15 million tons in the same period last year. Increased consecutive production is 17 percent. During the year FY22, raw steel production increased 53 percent to 0.58 million tons compared to the previous year.

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