Highlights
- Tata Consultancy Services Fitch Ratings has upgraded the rating of Tata Consultancy Services.
- Buying advisory has been given to the shares of Bharat Heavy Electricals Limited or BHEL.
- In the next 5 years, BHEL is going to invest Rs 76000 crore under the PLI scheme.
- You can buy Ramco Systems shares on Friday.
Stock to Watch: Who does not want to earn money by investing in the stock market. If you also want to earn by investing in stocks, then according to this we are telling you about 3 good earning stocks on Friday.
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Who showed up on Thursday?
On Thursday, the Mumbai Stock Exchange index Sensex closed at the level of 57901, up 113 points. Similarly, the nifty50 index has reached 17248 points. If we talk about the fast stocks in the stock market, then it includes Bajaj Finance, Infosys, Titan and Reliance Industries etc. If we talk about the stocks showing weakness in the stock market, then these include ICICI Bank, Maruti, Sun Pharma and Bajaj Auto etc.
Buy TCS Shares
Tata Consultancy Services Fitch Ratings has upgraded the rating of Tata Consultancy Services. The immediate and local currency default rating has been changed from A to A for the long term. Fitch Ratings estimates that TCS’s earnings could grow between 11 and 15 per cent in 2022 and 2023. Fitch has further said that TCS is making decent profits, generating decent cash in operations and operating at higher margins than its rivals.
TCS got new contract
In addition, Tata Consultancy Services has secured a contract with Plaza Premium Group. Hong Kong’s global airport hospitality service provider Plaza Premium Group (PPG) has more than 70 airports serving 20 million passengers annually. TCS has bagged the contract for the development of Plaza Premium Group’s end-to-end digital platform.
BHEL shares will give returns
Buying advisory has been given to the shares of Bharat Heavy Electricals Limited or BHEL. The Modi cabinet on Wednesday approved the Production Linked Incentive Scheme. The PLI scheme has been approved in the country to promote semiconductor and display board production. BHEL’s management had earlier said that they have plans to expand in this vertical. The company has already started work in this direction.
76000 crores to be invested
In the next 5 years, BHEL is going to invest Rs 76000 crore under this scheme. BHEL is going to introduce Ethernet based AC Mainline Electric Multiple Unit MEMU (MEMU) in the first 3 phase. With the arrival of this MEMU in the urban transportation segment, a lot of changes are expected. MEMU Rail Coach Factory made by BHEL has been sent from Kapurthala to Asansol MEMU Shed. The 12 coach MEMU train has a 3 page IGBT based converter and inverter designed and developed by BHEL.
Buy Shares of Ramco Systems
You can buy Ramco Systems shares on Friday. Ramco Systems has announced that it is now applying its Aviation M&E MRO Suite V5.9 to Pathfinder Aviation. Pathfinder Aviation is a heli charter company engaged in survey and exploration, fire fighting, heli skiing, defense contracting, utility support, aerial cinema and other sectors. The company is actually looking to replace many applications with next generation software. The software will integrate Supply Chain Management, Coverage Maintenance, Flight Operations, Safety & Quality and Finance into Pathfinder Aviation’s existing HR and payroll systems at the company.
If we talk about the stocks that have reached the high of 52 weeks, then these include stocks like Persistent Systems, Adani Total Gas, Metropolis Healthcare and Tech Mahindra.
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