Stocks in Focus on Jan 12: Delta Corp, DLF, IT Giants Infosys, TCS & More

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Stocks in Focus on Jan 12: Delta Corp, DLF, IT Giants Infosys, TCS & More
Credit: © Reuters.

By Malvika Gurung -- Delta Corp (NS: DELT ): The gaming and hospitality corporation has approved the appointment of bankers, advisors and other intermediaries by subsidiary Gaussian Networks. The company reported a jump in consolidated profit of almost 5,400% YoY to Rs 70.38 crore in the Dec-ending quarter and a 104% surge in revenue to Rs 247.22 crore.

UltraTech Cement (NS: ULTC ): The cement maker will commission Line II of the Bara Grinding Unit in Uttar Pradesh, with a cement capacity of 2 million tonnes per annum.

DLF (NS: DLF ): The real estate developer made sales of Rs 1,500 crore through its newly-launched luxury housing project in Delhi, called ‘ONE Midtown’, consisting of 913 luxury flats.

NMDC (NS: NMDC ): The state-owned mineral producer’s rating has been upgraded by foreign brokerage JP Morgan, as the company’s dividend yield is very attractive. The brokerage expects NMDC to outperform.

Federal Bank (NS: FED ): Subsidiary Fedbank Financial Services’ board of directors have approved initiating the IPO process through fresh issue and offer for sale.

Pidilite Industries (NS: PIDI ): LIC has increased its holding in the chemical industry company from 4.98% to 5.03% by buying 72,000 shares of the company through open market transactions on Jan 10.

Adani Power (NS: ADAN ): The company has appointed Shersingh B Khyalia as its CEO w.e.f. Jan 11. The filing states that Khyalia is not related to any director of the company.

Companies including IT bellwethers TCS (NS: TCS ), Infosys (NS: INFY ) and Wipro (NS: WIPR ), along with Indbank Merchant Banking Services (NS: IMBS ), Ind Bank Housing (BO: IBNK ), and Virinchi (BO: VIRC ), among others will release December quarter results today.

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