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Stocks in News Today

June 17, 2022

Tata Motors: Amid a fluid outlook for the near-term with multiple challenges, Tata Motors is taking the right actions to navigate them while taking concerted actions to be future ready and create a virtuous cycle of growth, according to company Chairman N Chandrasekaran.

Dr Reddys Labs: LIC has raised its stake in pharma major Dr Reddy’s Laboratories to over 5 per cent by way of open market stock purchases during September 2021 to June this year, at an estimated cost of Rs 1,556 crore.

RITES: The railway consultancy firm said it has bagged a contract worth Rs 364.56 crore from Container Corporation of India. The order pertains to operation and maintenance of shunting locomotives for 10 years.

Wipro: Wipro signs alliance agreement with Eros Investments. Eros Investments has signed an alliance agreement with Wipro, to evolve and scale the artificial intelligence (AI) and machine learning (ML)-based content localization solution.

Reliance Jio, gained 16.8 lakh subscribers in April 2022 while Bharti Airtel added 8.1 lakh subscribers.

Jet fuel prices have been hiked by 16% to an all-time high of Rs 141.2 per liter. Airline stocks in India: IndiGo, SpiceJet, Jet Airways.