Stocks in Focus Today :Today i.e. on 17 September 2024, some stocks (stocks in news) are ready to show action. Due to positive triggers, these stocks can remain in focus in the market today (stocks to watch). If you are looking for better stocks in intraday, then you can keep an eye on these (Stocks in Focus). Today’s list includes stocks like Axis Bank, HCL Tech, Reliance Power, Samvardhana Motherson, LIC, Infosys, Torrent Power, Bajaj Housing Finance, Indo Count Industries, TVS Holdings, Monarch Networth Capital, Firstsource Solutions, JK Tyre Industries, Reliance Infrastructure, Globus Spirits, SpiceJet.
Axis Bank
Axis Bank has said that its private banking business Burgundy Private will expand its asset management services to 15 new cities; With this, Burgundy Private’s presence will increase to 42 locations in the country; Axis Bank said in a statement that with this strategic move, Burgundy Private will now offer its asset management services according to the unique needs of customers in India’s fast-growing tier-2 markets.
HCL Technologies
India’s IT company HCL Tech has been ranked as India’s top company by Time magazine in the list of the world’s best companies in 2024. The Noida-based company has also secured a place in the global top 10 list in the professional services category. Rahul Singh, Chief Operating Officer, Corporate Affairs, HCL Tech, said that the company is dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals.
R-Power
Reliance Power has received a 500 MW battery storage contract through an auction conducted by Solar Energy Corporation of India (SECI). The auction took place on September 11, 2024. This is part of SECI’s initiative to increase energy storage capacity in the country. The contract includes the installation of single battery energy storage system (BESS) units of a total of 1,000 MW.
LIC, Infosys
Life Insurance Corporation (LIC) has chosen Infosys to advance its digital transformation by adopting a next generation digital platform. Under this initiative, the focus will be on better experiences and data-based personalization for customers, agents and employees. The company did not disclose the amount of this deal. Under the deal, Infosys will create a next generation digital platform, which will focus on providing better engagement and data-based experience for LIC’s customers, agents and employees.
TorrentPower
Torrent Power has committed to invest Rs 64,000 crore for renewable energy projects. The company said that this will provide employment to about 26,000 people. According to the statement, the company has submitted an ‘affidavit’ to achieve 10 GW of installed renewable energy (RE) capacity by 2030 with an investment of Rs 57,000 crore. The second ‘affidavit’ is for a green ammonia production plant with a capacity of one lakh kilo tonne per annum (KTPA) with an investment of Rs 7200 crore.
