Stocks to Watch: Adani Green, Infosys, M&M, EMS, SJVN, Coal India
Adani Green Energy: Adani Green Energy Ltd, which is planning to raise $1.5 billion, may secure a big chunk of it from French energy giant TotalEnergies SE, two people aware of the matter said. The Gautam Adani-led group’s renewables firm will use $750 million of this amount to repay bonds. “Adani Green has got an approval to raise $1.5 billion this fiscal for capex and debt repayment.
Of this, a major amount will come from TotalEnergies, which owns 20% in Adani Green," said the first person. Infosys: Homegrown IT major Infosys on Wednesday announced an expansion of its strategic partnership with US chipmaker, Nvidia. As part of the partnership, Nvidia will offer its artificial intelligence (AI) models, tools, applications and compute infrastructure to Infosys, which in turn will train 50,000 of its over 3.36 lakh employees on Nvidia’s AI stack through a dedicated centre of excellence (CoE).
M&M: The market capitalisation of Mahindra and Mahindra Ltd crossed the ₹2 lakh crore mark, helped by a strong order book in the SUV segment and a leadership position in the tractor segment. M&M shares closed at ₹1,636.85 on the BSE, giving the firm a market value of ₹2.03 lakh crore, according to stock exchange data. The automaker's market cap has doubled in less than one-and-a-half years - from ₹1 lakh crore in April 2022 to over ₹2 lakh crore this week.
EMS: EMS, a prominent player in the water and sewage infrastructure sector, is poised to make its debut on the stock exchanges this Thursday, September 21st. The company's initial public offering (IPO) garnered immense interest from investors, resulting in an impressive oversubscription rate of 75.29 times. Leading up to its stock market debut, EMS shares are commanding a
. Read more on livemint.com
