Trending Stocks: Hero MotoCorp, Nykaa, Capri Global and others in news today

Hero MotoCorp | BPCL | Ujjivan Small Finance Bank

Hero MotoCorp has inked a strategic partnership with Ujjivan Small Finance Bank to finance the purchase of a two-wheeler. Hero MotoCorp has also collaborated with Bharat Petroleum Corporation Limited (BPCL) to set up charging infrastructure for two-wheeled electric vehicles (EVs) across the country. 

Also Read| Trade Setup: Top 15 things to know before market opens on February 23, 2022

Mahindra CIE Automotive

Profit for the December 2021 quarter fell 28 % year-on-year to Rs 80 crore, compared to Rs 112 crore profit reported in the corresponding period last fiscal. However, revenue during the same period increased 5.4 % to Rs 2,064 crore, against Rs 1,958 crore YoY. The firm said the board of directors has approved a dividend of Rs 2.50 per share for the financial year ended December 31, 2021.

Also Read| Gold, silver and other metal prices on Wednesday, February 23, 2022

Aditya Birla Fashion and Retail (ABFRL) 

The company has entered into collaboration with Accenture for a digital transformation program designed to drive growth, increase business agility and improve operational efficiency. 

FSN E-Commerce Ventures (Nykaa)

The company informed that its litigation with L’Oreal S.A. has been settled. It had disclosed the details of pending litigation with L’Oreal S.A. in its IPO prospectus.

Also Read| Sensex surges over 300 points while Nifty tops 17,100 in early trade

Tata Consultancy Services (TCS) 

The company has been recognized as a leader in the Gartner Magic Quadrant for Data and Analytics Service Providers.

Dilip Buildcon

The firm has won a road project in Chhattisgarh. It has been declared as L-1 bidder for a new HAM project under Raipur-Visakhapatnam in the state and the order is worth Rs 1,141 crore.

Also Read| US Stock Market: DJIA, S&P500, Nasdaq and Russell fell over 1% on Tuesday

Wipro

The company has received two awards from Citrix Systems, Inc. – ‘Worldwide GSI Partner of the Year 2021’ and ‘Northern European GSI Partner of the Year 2021’ at the Citrix Annual Field Kick-Off Event 2022. Wipro has formed a joint go-to-market partnership with vFunction, a Palo Alto-based startup that has developed a scalable, AI-based technology platform for modernizing Java applications and accelerating migration to the cloud.

Also Read| Stocks that should be on your watchlist on Wednesday, February 23, 2022

SIS 

The company has bagged a contract worth Rs 225 crore, from Mahanadi Coalfields. With this, it will deliver security solutions to Mahanadi Coalfields at 18 sites across India for the next two years.

Elantas Beck India

Profit for the December 2021 quarter fell by 26 % to Rs 16.60 crore, compared to Rs 22.55 crore profit reported in the year-ago period. Revenue, however, jumped 23 % to Rs 145 crore against Rs 118 crore in the same period. The firm said its board of directors has recommended payment of a dividend of Rs 5 per equity share for the year 2021.

Also Read| Fuel prices: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on February 23, 2022

MEP Infrastructure Developers

The company’s step-down subsidiary — Bhalaji Toll Road (BTRPL) has entered into a contract agreement with the National Highways Authority of India (NHAI) on February 21, 2022, for the project of collection of user fees for Nemili Sriperumbudur Toll Plaza located at Km 37.800 for Section from Km 106.800 to Km 13.800 on Walajahpet- Poonamalle Section of NH 4 in the State of Tamil Nadu. The period of the contract is 1 year. The tolling operations have commenced on February 22, 2022. The contractual amount for the said project is Rs 87.03 crore.

Also Read| Crypto Fear and Greed Index on Wednesday, February 23, 2022

Capri Global Capital

Life Insurance Corporation of India has bought 1.5 lakh equity shares in the company via open market transactions on February 21. With this, LIC’s shareholding stands at 5.04 % now, up from 4.95 % earlier.

Mindtree 

The company has been named as a leader in the Everest Group Duck Creek Services PEAK Matrix Assessment 2022. 

Carborundum Universal

HDFC Asset Management Company sold 1.1 lakh equity shares in the company via open market transactions on February 18. After stake sale, HDFC AMC holds 5.59 % shareholding now, down from 5.65 % earlier.

Also Read| Bulk Deals: ALPHA bought Gayatri Highways shares, VORA sold stake in Lyka Labs

Mahindra & Mahindra Financial Services (Mahindra Finance) 

The company has raised Rs 300 crore through Secured Redeemable Non-Convertible Debentures (NCDs) and allotted 5.98% p.a., 3000 NCDs having face value of Rs 10,00,000 each, at par through private placement.