Stocks to watch: Infosys, CEAT, ACC, Zensar, Ashok Leyland, Metropolis Healthcare in spotlight

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Here is the list of top stocks that could be in focus on April 9.

Infosys: Infosys announced a strategic long -term collaboration with ArcelorMittal, the world’s leading steel and mining company. ArcelorMittal has chosen Infosys to help accelerate the company’s digital transformation journey and enable next-generation application management and business process management (BPM) services for ArcelorMittal Europe.

CEAT: CEAT has entered into a Third Addendum Agreement to the existing Share Subscription and Shareholders’ Agreement with Tyresnmore Online Private Limited (associate of the Company) and other parties, for making a future investment of upto Rs. 2.40 crore in Tyresnmore, on such terms and conditions as prescribed therein to acquire additional 3.47% of the post issue total share capital of Tyresnmore.

Zensar: Zensar announced that it has entered into a global strategic partnership with US based Claimatic. This partnership combines industry-leading, intelligent decisioning software of Claimatic with Zensar’s world-class strategic consulting, enterprise delivery, and implementation services.

Ashok Leyland: Ashok Leyland said that Switch Mobility Automotive joined hands with Siemens to address the potential of the e-mobility market in India, driven by a strong commitment to support zero emission mobility through lowest total cost of ownership.

Astron Paper & Board Mill: The company informed that Unit-1 located at Halvad, Gujrat will be remain shut from 11th April, 2021 for 10 to 12 days scheduled preventive maintenance and for technical updation and modification.

Tech Mahindra: Tech Mahindra has launched its ServiceNow Business Unit to accelerate digital transformation for customers. The enhanced partnership will allow Tech Mahindra and ServiceNow to collaborate on creating value and building scale for their joint customers through rapid prototyping and development of the next generation low code, no code apps across 5G, IoT (Internet of things), AI/ML (Artificial Intelligence/Machine Learning) and Customer Experience.

JSPL: Jindal Steel and Power (JSPL) has expressed interest to set up a container manufacturing unit at Paradip, as part of its commitment to ‘Atmanirbhar Bharat’ and ‘Make in Odisha’ initiatives. It will be a port-based container manufacturing unit to be built on over 100 acres of land. The Paradip Port authorities have agreed to provide 100 acres of land required for the purpose.

Metropolis Healthcare: The company has achieved a revenue growth of 40% Year on Year (YoY) in Q4FY21 as compared to Q4FY20. Non-Covid Business revenue increased by 21% YoY in Q4FY21 as compared to Q4FY20. Inspite of conducting higher Covid Tests on QoQ basis, Covid Business revenue (RT-PCR Tests) stood at 14% of total revenue in Q4FY21 as compared to 19% in Q3FY21 due to reduction in Test prices by Government agencies.

ACC: ACC has progressed well on implementation of its strategic priorities in 2020 and has ”robust” growth plans for the future. The company despite challenges from the pandemic has delivered on the expectations of its stakeholders. By driving cost management and operational efficiency programmes, ACC reported a 15 per cent increase in EBITDA per ton of cement sold.