Stocks To Watch: Infosys, TCS, Grasim Ind, LTIMindtree, NBCC, HFCL & More

On Thursday, 22nd February hot stocks like Jubilant FoodWorks, TCS, Infosys, NBCC, HFCL are among the top stocks that are going to be in focus of the market watchers; here's why.

Jubilant FoodWorks

In the ancient alleyways of Chandni Chowk, Jubilant FoodWorks Limited (JFL) has announced the grand launch of Popeyes, the renowned Louisiana chicken restaurant. The renowned Louisiana-style chicken behemoth is making its much-awaited debut in the national capital region at the exclusive Omaxe Chowk mall.

TCS

Tata Consultancy Services (TCS) and The Co-operative Group Limited (Co-op) have extended their collaboration. For the past 14 years, TCS has supported several business-critical and workplace reforms as Co-op's strategic partner. Under the terms of the new agreement, TCS will assist Co-op in switching from a conventional data center model to a fully managed, scalable cloud platform run by TCS Enterprise Cloud. To improve resilience and agility, TCS will also oversee the hybrid cloud and SaaS estate.

HFCL

At its meeting on Wednesday, the company's Board of Directors approved the strategic expansion into Europe, including the establishment of a cutting-edge optical fiber cable production plant in Poland. With a capital investment of up to about Rs 144 Crores, the proposed manufacturing plant in Poland would start with an initial capacity of 3.25 mfkm p.a. The capacity of this plant is 7 mfkm p.a. The creation of a new step-down subsidiary in Poland under HFCL B.V., a wholly-owned subsidiary of the company in the Netherlands, would simplify the development of the manufacturing plant in Poland.

UltraTech Cement

The company is happy to report that a 1.8 mtpa brownfield cement capacity in Kotputli, Rajasthan, has been put into service. The NCR and Rajasthan markets would be better served by UltraTech with this additional capacity. With this commissioning, the company's overall ability to produce grey cement in Rajasthan, along with its fully owned subsidiary, would increase to 18.9 million metric tonnes per year, bringing its total capacity in India to 137.39 million metric tonnes per year.

Ambuja Cements

In Motia Village, Godda district, Jharkhand, Ambuja Cements plans to build a state-of-the-art cement grinding unit with a capacity of 4.0 MTPA, at a cost of Rs. 1000 Cr, subject to the necessary permissions. The unit will contribute considerably to the economic and social advancement of the state by creating approximately 2,500 direct and indirect employments.

NBCC

The Greater Noida Authority has granted NBCC (India) Limited its in-principle clearance to develop underutilised and purchasable FAR in support of Amrapali's current projects, which are estimated to be worth Rs. 10,000 crore (approx.).

Infosys

A new and improved WSJ Preference Centre with updated options to enable customers to personalise their digital experience has been launched, according to a joint announcement from Infosys and Dow Jones. The redesigned choice center was designed and built by Dow Jones in collaboration with Infosys, giving decision-makers greater authority and time savings. These technologies help connect WSJ news, analysis, and data with the most appropriate content ideas for subscribers based on their individual context and core interests through the use of analytics and machine learning.

LTIMindtree

LTIMindtree and Eurolife FFH, a top insurance provider in Athens, Greece, powered by Fairfax Digital Services, inked a Memorandum of Understanding (MoU) to construct the first-ever Gen Al and Digital Hub in Athens, as well as specialised facilities in Mumbai, India, Poland, and Europe. This declaration is also in line with the recently launched "Anusandhan" initiative by the Indian government, which aims to stimulate innovation and research in the startup and technology industries. As part of this partnership, LTIMindtree will offer deep domain experience and assistance from its specialised facilities in Poland and Mumbai, while Eurolife FFH will establish Generative Al and Digital Hub in Athens to create cutting-edge solutions for insurance enterprises in Greece.

Brigade Enterprises

The company and M/s PVP Ventures Limited have inked a Joint Development Agreement for the construction of a 2.5 million square feet high-rise residential project in Perambur, Chennai, spanning 16 acres, with an estimated revenue potential of Rs 2000 Crores. A 45-year leasing agreement has been signed between Brigade Hotel Ventures Limited, a wholly-owned subsidiary of the company, and the landowners to construct a 250-room resort on East Coast Road (ECR) in Chennai.