Stocks in the news: Bajaj Finance, Tata Coffee, HFCL, JK Lakshmi, Cummins, Ircon International

IFB Industries Q3: Net profit down 18.2 percent at Rs 14.8 crore versus Rs 18.1 crore, revenue up 2.7 percent at Rs 719.3 crore versus Rs 700.3 crore, YoY

M&M Financial Services Q3: Net profit up 14.6 percent at Rs 365.3 crore versus Rs 318.7 crore, revenue up 15.7 percent at Rs 2,580.6 crore versus Rs 2,230.4 crore

JK Lakshmi Cement Q3: Standalone net profit at Rs 49.2 crore versus Rs 14.7 crore, revenue up 7.5 percent at Rs 1,004.9 crore versus Rs 935 crore, YoY

HFCL: Company will buy a 47.9 percent stake in Bigcat Wireless for Rs 22.5 cr.

Embassy Office Parks REIT: The company has fixed record date as February 24, 2020, for the purpose of Payment of Distribution.

Shriram Pistons & Rings: The board of directors has recommended an interim dividend of Rs. 3.00 per share for the financial year 2019-20.

Infosys completed the divestment of its shares in Unsilo A/S for a total consideration of approximately USD 0.8 million

Zensar' s Smart Application Development and Maintenance services incorporate Artificial Intelligence

Allcargo till now has acquired 2,54,03,340 equity shares i.e. 20.83% stake of Gati

KEI Industries approved the issue and allotment of 10,000,000 equity shares to eligible qualified institutional buyers at an issue price of Rs 500 per equity share

Bajaj Electrical board meeting on January 31 to consider right issue

Ircon International to consider share split on February 11

Cochin Shipyard launching of 1200 Pax Passenger Cum 1000T Cargo Vessels for A&N Administration

Cholamandalam board meeting on January 31 to consider the issue price for QIP

Indostar Capital board meeting on January 31 to consider and approve the proposal for raising funds

JK Lakshmi approves raising of external commercial borrowing (ECB) up to USD 25 million in one or more tranches subject to requisite approvals.

Cummins board approves appointment of Ajay Patil as the CFO & KMP w.e.f. April 1