Stocks in news: Groww, HUL, Infosys, Sequent Scientific, TCS, Azad Engineering

The markets witnessed a volatile session on the weekly expiration day and fell almost half a percent, extending the ongoing consolidation phase. Analysts say the recent market action reflects a cautiously optimistic undertone, supported by solid domestic macro indicators.“Going forward, we expect further consolidation to continue, which would be healthy as long as the Nifty remains above its key short-term support – the 20-DEMA, which is currently around 25,700. Participants should continue to prioritize stock selection based on relative strength across sectors, with a preference for largecap and stronger midcap names, while maintaining a measured approach amid the prevailing turmoil,” said Ajit Mishra – SVP, Research, Religare Broking.

In today’s trading, shares of Groww, HUL, Adani Ports, Adani Green, TCS and Azad Engineering, among others, will be in focus following several news developments.THEM

Hindustan Unilever (HUL) has set December 5 as a record date for demerging its ice cream business into a new entity: Kwality Walls (India). On this date, the eligible HUL shareholders entitled to shares in KWIL will be determined, and the demerger scheme itself is expected to come into effect on December 1.

Infosys
India’s second largest IT services company, Infosys, will open on Thursday, November 20 and close on Wednesday, November 26. The company received shareholder approval on November 6 for buyback of up to ten crore fully paid shares of the company. Infosys will buy the shares at a price of Rs 1,800 from the shareholder who held the company’s shares on the record date of November 14.TCS
TCS has been selected by the National Health Service (NHS) Supply Chain to support the application development and maintenance of its core business systems and cloud infrastructure platforms over a five-year period. TCS will deploy a range of cloud and AI solutions to modernize NHS Supply Chain IT systems and improve overall operational efficiency.

grow
Groww shares will be the focus of today’s trading amid a buying frenzy in recent days. The shares have risen more than 80% since the IPO, mainly due to strong demand following the listing.

Azad technique
Azad Engineering said it has signed an agreement with Pratt & Whitney Canada Corporation for the development and production of aircraft engine parts. The Hyderabad-based company, which manufactures industrial machinery and equipment in sectors such as aerospace, defense and energy, did not disclose the value of the order, citing confidentiality.

Sequential Scientific
Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences received approval for their planned merger from the National Company Law Tribunal (NCLT) on Tuesday, ET reported.