Stocks to Watch: LTIMindtree, JSW Steel, Lupin, TCS
LTIMindtree: The company has launched a quantum-safe virtual private network (VPN) link in London to secure data transmission for the quantum computing era. LTIMindtree collaborated with Quantum Xchange and Fortinet on the platform. JSW Steel: The company has completed its ₹750 crore investment in JSW Paints and now holds 2.94 crore equity shares in it, or 12.84% of the paid-up equity capital.
Lupin: The pharma major has received tentative approval from the USFDA for its abbreviated new drug application to market Canagliflozin tablets and Bromfenac Ophthalmic Solution in the US. NMDC: The state-owned iron ore company has fixed the price of lump ore at ₹5,400 a tonne and fines at ₹4,660 a tonne with effect from 23 November. Prestige Estates Projects: The firm has launched Prestige Glenbrook, a high-rise residential project in Bangalore's IT hub.
The project comprises 285 flats across two high-rises with a developable area of 0.7 million square feet and a revenue potential of ₹550 crore. TCS: The IT services major’s stock is set to turn ex-buyback from today. It had approved a buyback of shares worth ₹17,000 crore at ₹4,150 each in October.
Apar Industries: CNBC-TV18 reports that the company has launched a QIP worth ₹1,000 crore to fund its working-capital needs. The floor price is said to be ₹5,540.2, while the indicative price is said to be 5,264 a share, which is a 7.4% discount to Thursday's closing price. Union Bank of India: ICRA has revised its credit ratings and outlook for the bank to positive.
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