Tuesday, January 19, 2021
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Stocks to Watch Today: Tata Steel, TCS, Indian Bank

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Stocks to Watch Today:

Indian Bank additional raised Tier 1 capital funds by means of non-public placement

The benchmark indices are possible to open within the crimson, in step with the adverse cues from the worldwide market entrance. Trends on SGX Nifty point out a adverse begin for the broader index in India, with a lack of 54-points. At 7:45 am, the Nifty futures had been buying and selling round 13,537.50, decrease by 54 factors or 0.40 per cent on the Singapore Stock Exchange.

Here are some shares to watch in Tuesday’s (December 15) session:

Tata Steel

Tata Steel shares might witness shopping for curiosity after the metal main elevated its mixture oblique shareholding in Tata Steel Minerals Canada to 82 per cent by buying extra 4.32 per cent fairness. The acquisition was carried out by means of share swap and different inter-company changes.

TCS

TCS shares are possible to be within the limelight after the IT firm expanded its strategic partnership with Star Alliance to present predictive and real-time enterprise analytics, enhance its prospects’ general expertise and speed up its digital transformation journey.

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Computer Age Management Services

Computer Age Management Services shares may even see some motion after the corporate integrated a wholly-owned subsidiary named CAMS Payment Services Private Limited. The subsidiary will apply to the Reserve Bank of India for registration as a cost aggregator.

Indian Bank

Indian Bank shares may very well be on buyers’ radar after the financial institution additional raised Tier 1 capital funds by means of non-public placement of Basel Ill compliant AT 1 perpetual bonds aggregating to Rs 560 crore at a coupon of 8.44 per cent every year payable yearly.

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