Stocks to watch: Metropolis Healthcare, Adani Enterprises, SBI Cards, TCS
Here is the list of the top 10 stocks likely to take center stage on Tuesday:
Metropolis Health: Billionaire Gautam Adani and Apollo Hospitals Enterprise Ltdthe country’s largest hospital operator is evaluating bids to take a majority stake in diagnostics chain Metropolis Healthcare Ltd, two people familiar with the development said.
Adani Enterprises: West Bengal Industry Minister Partha Chatterjee said on Monday that the state government has given approval to Adani Enterprises to set up a large-scale data center in the Silicon Valley of Bengal, in the New Town area, on the outskirts of the city.
CDS: India’s leading exporter of software services, Tata Consultancy Services (TCS), expects the rate of staff attrition to decline and demand for its services to increase as companies continue with their accelerated digitalization processes pandemic, a company executive said.
NMDC: The country’s largest iron ore miner, NMDC, has made a sharp reduction in ₹1,100 per ton in the price of lump ore and ₹1,000 in the event of a fine. The prices are effective from June 5, 2022, the company, which is also the biggest seller of the ore, said in a regulatory filing on Monday.
SBI card: SBI Card and Payment Services said on Monday that its board of directors had approved raising funds through the issuance of non-convertible debentures (NCDs) aggregated to ₹2,500 crores.
Avenues Infibeam: Fintech company Infibeam Avenues Ltd announced on Monday that it is expanding its presence in Australia by opening a wholly-owned subsidiary Infibeam Avenues Australia Pty Ltd to tap into Australia’s booming digital payments space.
Dish TV India: A 0.51% stake in the company was unloaded by sponsor entity World Crest Advisors LLP through open market transactions.
NBFC-Shares: The Reserve Bank of India (RBI) said on Monday that non-bank financial companies (NBFCs) in the upper regulatory layer will be required to set aside between 0.25 and 2 percent of a regularly repaid loan as provisions.
Cement stocks: Cement demand picked up in the June quarter, the peak pre-monsoon construction season, good news for manufacturers struggling with high input costs.
Shriram City Union Finances: Shriram Value Services and other promoters have purchased a 2.03% stake in the company through open market transactions.