Shares of BLS International Services Ltd. rose nearly 5% to Rs 266 apiece after the company won the contract with Embassy of Italy in Russia for processing visa for a period of five years. Under the contract, the company is estimated to process 1.4 lakh applications annually in 20 centres across Russia, BLS International said in an exchange filing.
Coal India Advances The Most In 20 Weeks
Shares of Coal India Ltd. rose 7.91% in intraday trade, the most in 20 weeks, to Rs 188.35 apiece, higher than any close since January 30, 2020.
- Trading volume was five times the 20-day average for this time of the day.
- The relative strength index on the stock was above 70, indicating it may be overbought.
- Coal India trades at 8.2 times its estimated earnings per share for the coming year.
- Of the 28 analysts tracking the company, 21 maintained ‘buy’, four maintained ‘hold’ and three maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 5.1%.
HCL Technologies & Proximus Announce Strategic Partnership On Hybrid Cloud Portfolio For Benelux Market
TCS To Assist Apoteket’s Digital Transformation
Tata Consultancy Services Ltd. has been selected as strategic partner by Sweden’s pharma retailer, Apoteket, to accelerate its digital transformation plans.
In an exchange filing, TCS said it will provide end-to-end IT services and consulting across Apoteket and help drive innovation by leveraging the TCS Pace Port in Amsterdam. TCS has been working with Apotoket since 2014.
Apotoket stores draw 34 million customers annually, making it the leading pharma retailer in the country.
Aditya Birla Sun Life AMC IPO Subscription Status: Day 1 Updates
Aditya Birla Sun Life Asset Management Co. launched its three-day initial public offering on Wednesday.
The fund house, to become the country’s fourth to list on the bourses, is selling shares at Rs 695-712 apiece, according to its red herring prospectus. The Rs-2,768.30 crore IPO is an offer-for-sale of 3.88 crore shares by promoters Aditya Birla Capital Ltd. and Sun Life (India) Asset Management Investment Inc.