Stocks in Focus on Dec 1: TCS, Coal India, UltraTech Cement & More

  • Stock Market News
Stocks in Focus on Dec 1: TCS, Coal India, UltraTech Cement & More

By Malvika Gurung -- Coal India Ltd (NS: COAL ): The state-owned coal major plans to increase its coal transportation capacity by 300 mt, by investing Rs 19,650 crore over the next two years. It will construct rail links and set up JVs.

UltraTech Cement (NS: ULTC ): In a positive step towards reducing dependence on coal purchases, the cement maker reports commencing mining of coal from Bicharpur coal mines in Madhya Pradesh, which is to be used for the company’s internal consumption.

TCS (NS: TCS ): The IT giant has launched the TCS Assessment and Migration Factory, which aims to help customers shift their mainframe workloads to the new AWS Mainframe Modernization (M2) platform. The factory provides a set of tools, accelerators, and services to help customers achieve this transition.

PB Fintech Ltd (NS: PBFI ): The company’s board of directors have approved the proposal of its fully-owned subsidiary Docprime to make an additional investment of Rs 10.8 crore in Visit Health (VHPL) for a minority stake.

Strides Pharma Science Ltd (NS: SRID ): The shareholding of State Bank Of India (NS: SBI ) Funds Management has reduced from 5.5% to 5.42% after it sold 66,400 shares in the company on Monday through open market transactions.

Rail Vikas Nigam Ltd (NS: RAIV ): The railway company has signed an MoU with the Government of Kyrgyzstan for developing railway corridor projects in the Kyrgyz Republic, which will connect Bishkek to Karakechenskoye.

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