Top stocks in focus: IndusInd Bank, ICICI Bank, L&T Finance Holdings, Nestle India, Infosys

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

February 17, 2021 8:30 IST

  • Promoter IIHL’s Rights Issue oversubscribed for the redemption of balance 75% warrants of lnduslnd Bank.

  • ICICI Bank Limited has entered into an agreement in relation to an Investment in the equity shares and compulsorily convertible preference shares (CCPS) of Thillais Analytical Solutions Private Limited.

  • L&T Finance Holdings closed a rights issue of Rs2,998.61cr, which was oversubscribed by 15%.

  • Nestle India reported higher profit at Rs483.3cr in Q4CY20 against Rs472.6cr in Q4CY19; revenue rose to Rs3,432.6cr from Rs3,149.3cr yoy.

  • Infosys: The US subsidiary completed the acquisition of automated new business and underwriting platform from STEP Solutions.

  • Adani Ports will be investing Rs10,000cr to develop Dighi Port Limited (DPL) into an alternate gateway to JNPT.

  • Vedanta stock in focus as Cairn Energy files case in US to push India to pay $1.2 billion award.

  • KEC International has secured new orders of Rs1,681cr across its various businesses.

  • Prestige Estates has acquired 99% stake in Ace Realty Ventures.

  • Mahindra Lifespace Developers Limited (MLDL) announced the inauguration of the Yanmar Group facility at ORIGINS, Chennai.

  • Ashok Leyland had invested a total amount of Rs18.66cr constituting 26% in the paid-up share capital of Prathama Solarconnect Energy Private Limited.

  • Heritage Novandie Foods Private Limited launches French Yoghurt brand Mamie Yova in India.

  • TVS Srichakra signed a Memorandum of Understanding with the Tamil Nadu government to facilitate the investment programme of Rs1,000cr.