Key Stocks to Watch: TCS, IDBI Bank, HDFC, Star Health, Suzlon Energy & More

  • Stock Market News
Key Stocks to Watch: TCS, IDBI Bank, HDFC, Star Health, Suzlon Energy & More
Credit: © Reuters.

By Malvika Gurung -- Tata Consultancy Services (NS: TCS ): The IT behemoth will kick off the Q2FY23 earnings season by releasing its results on Monday.

Power Grid Corporation of India (NS: PGRD ): Subsidiary Bhind Guna Transmission has successfully commissioned a transmission system for Intra-State Transmission Work associated with the construction of a 400KV substation near Guna and a 220kV Substation near Bhind.

Hindustan Unilever (NS: HLL ): The FMCG giant has reportedly slashed prices of leading soaps and detergents by 2-19% as raw materials palm oil turned relatively cheaper.

HDFC (NS: HDFC ): The largest mortgage lender will raise nearly Rs 12,000 crore by issuing bonds on a private placement basis next week. 

Ambuja Cements (NS: ABUJ ): The cement manufacturer’s shareholders have approved all proposals in its EGM, including a resolution to raise Rs 20,000 crore from an Adani (NS: APSE ) group firm and the appointment of Gautam Adani and others on its board.

IDBI Bank (NS: IDBI ): The government has invited bids for privatizing the lender, adding that Life Insurance Corporation Of India (NS: LIFI ) and the Centre will sell a total of 60.72% stake in the banking company. 

Suzlon Energy (NS: SUZL ): Vinod R Tanti has been appointed as the leading renewable energy company’s Chairman & MD for the next three years, after the sudden demise of his brother Tulsi Tanti. 

Star Health and Allied Insurance (NS: STAU ): The health insurance company’s gross direct premium rose 12% YoY to Rs 5,655.1 crore in Q2 FY23, with the health-retail premium reporting a 21% jump.

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