Stocks To Watch: TVS Motor, Axis Bank, Power Grid, TCS, Infosys & More

Hot companies like Infosys, TCS, Axis Bank, Power Grid, and TVS Motor are among the top 10 stocks that will probably be in the spotlight on Thursday, November 23.

Infosys

One of the top urban mobility firms in the world, TK Elevator (TKE), and Infosys have announced a strategic long-term partnership. Infosys will modernise, integrate, and consolidate TK Elevator's digital landscape as part of the engagement. With the help of Infosys Topaz, an AI-first group of services, platforms, and solutions that use generative AI technologies, the partnership aims to continuously innovate and improve the company's application and IT environment.

Together, the two companies will outsource all TK Elevator business application activities to Infosys in key European and North American regions, providing integrated applications management. This will support an end-to-end, business process-focused operational paradigm by assisting to integrate the underlying infrastructure operations. It will also assist in creating a more straightforward and dynamic digital landscape.

TCS

Tata Consultancy Services (TCS) has been ranked second in Spain for customer satisfaction according to an independent Whitelane Research poll of 285 CXOs of the top IT spending companies. TCS moved up from its number eight spot in 2022 to the number two spot in Spain this year. With an overall satisfaction score of 83%, the firm outperformed the industry average of 78%, demonstrating TCS's high performance in an array of categories. It came in first for both commercial competitiveness and service delivery quality; second for cloud and infrastructure services, application services, and sustainability; and third for account management quality.

BCPL Railway Infrastructure

BCPL Railway Infrastructure Limited has been awarded an electrification project under the Eastern Railway's Gati Shakti Sealdah Division. The work of 25 KV OHE and related electrical work has been received for the provision of 12 meters wide FOB at the following locations in i) KNJ Stn., ii) STB Stn., iii) BPC Stn., iv) BTY Stn. and v) BNJ Stn. of Sealdah Division. The project is planned to be completed in a year and would cost a total of Rs. 32.62 million.

Power Grid

The company have accorded investment approval for augmentation of transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) Substation in Telangana at an estimated cost of Rs. 142.69 crore scheduled to be commissioned within 21 months and transmission system for evacuation of Power from Potential RE Zone in Khavda Area of Gujarat under phase IV (7GW)- Part E4 at an estimated cost of Rs.224.41 crore scheduled to be commissioned within 24 months, as per a stock exchange filing.

Vedant Asset

Vedant Asset Limited on Wednesday entered into an agreement with Bank of India for National Banking Correspondence Business.

Axis Bank

ICRA Limited has assigned Axis Bank's infrastructure bonds worth Rs 5,000 crores as "[ICRA] AAA (Stable)" and has withdrawn the rating of the bank's infrastructure bonds worth Rs 5,000 crores with ISIN INE238A08401 owing to their maturity. Ratings on further debt instruments have also been reaffirmed.

TVS Motor Company

The distribution partner of TVS Motor Company, Minh Long Motors, announced the company's debut in the Vietnamese market. In line with its commitment to sustainable and responsible transportation, TVS Motor Company will provide a variety of underbone motorcycles and scooters at various price points. The company's second significant international venture in as many weeks is its debut in Vietnam.

Last week the company announced its entry into Europe starting with France. Across Asia, Africa, and Latin America, TVS Motor products are already available for purchase in over 80 nations. In H1 FY 2023, exports accounted for about 25% of the company's total business, demonstrating the company's strong R&D capabilities and high-calibre, technologically advanced products.

Aurobindo Pharma

Regarding the purchase of Curateq Biologics Private Limited, a wholly-owned subsidiary of the company, in exchange for all of the equity shares of Theranym Biologics Private Limited, a step-down wholly owned subsidiary of the company, and the establishment of Theranym Biologics Private Limited as a direct subsidiary of the company, Aurobindo Pharma informed that the aforementioned share purchase transaction has been completed, and as of November 22, 2023, Theranym Biologics Private Limited is now a direct subsidiary of the company.

Axita Cotton

Axita Cotton Limited declared that it received a fresh sales order from many industry vendors. According to the terms of the agreement, Axita Cotton Limited will deliver cotton bales over a period of time. The company has secured several contracts / awards for the delivery of cotton bales worth INR 89.22 Crores (including &5T) in the Indian Raw Cotton categories. These vendors will receive different quality cotton bales from Axita Cotton Limited.

Aditya Vision

The company opened its 131st showroom at Rama Complex, Civil Lines, Azamgarh- 276001, Uttar Pradesh and its 132nd showroom in Hawai Nagar, Khunti Road, Birsa Chowk, Ranchi- 834003, Jharkhand, as per a stock exchange filing dated 22nd November.