Market Commentary - Stock Alert
TCS, L&T, Bharti Airtel, Nova AgriTech in spotlight As on : 31-Jan-24  08:56

Tata Consultancy Services (TCS): TCS announced a 15-year expansion of its partnership with Aviva, the UK?s leading Insurance, Wealth and Retirement provider, to transform Aviva?s UK Life business and enhance customer experience leveraging the TCS BaNCS based platform. As part of this, the end-to-end policy administration and servicing will expand to cover over 5.5 million policies, to be managed by Diligenta, TCS? FCA regulated subsidiary in the UK, on behalf of Aviva.

Larsen & Toubro (L&T): L&T reported 15% rise in consolidated net profit to Rs 2947 crore on 19% rise in total income to Rs 55128 crore in Q3 FY24 over Q3 FY23. The company received orders worth Rs 75,990 crore at the group level during the quarter ended 31 December 2023, registering a growth of 25% on y-o-y basis. The consolidated order book is at Rs 469,807 crore as on 31 December 2023, with international orders having a share of 39%.

Bharti Airtel: Bharti Airtel announced that it has launched seven new, next-gen Company owned stores in the city of Ahmedabad. The new stores will strengthen Airtel?s retail presence and will offer unparalleled service experience to customers. The stores will also showcase Airtel?s cutting-edge technologies across its portfolio.

Dr Reddy's Laboratories: The drug major's consolidated net profit increased 10.57% to Rs 1,378.9 crore on 6.57% rise in revenues to Rs 7,214.8 crore in Q3 FY24 over Q3 FY23.

Nova AgriTech: Shares of Nova AgriTech will debut on the bourses today, 31 January 2023. The final issue price has been fixed at Rs. 41 per share.

KPI Green Energy: The company?s wholly owned subsidiary KPIG Energia Private Limited received a new domestic order for a 5 MW solar plant under the captive power producer segment from Skywin Paper Industries Private Limited.

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