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Infosys appoints Nandan Nilekani as Non-Executive Chairman.

Brokerages on Infosys
CLSA: Buy, Target 1070. AXIS CAP: Buy, Target 1138, Phillip Cap: Buy, Target 1060, CIMB: Hold, 975

Lumax Auto has signed a JV agreement with Francisco Albero S.A.U. Spain to manufacture and supply Oxygen Censors to the Indian automotive industry.

REC enters into MOU Maharashtra State Power Generation Co. for extending financial assistance to the tune of 13000 crore.

Meghmani Organic has incorporated a wholly owned subsidiary namely Meghmani Agrochemicals to undertake manufacturing and sale of chemicals products.

Rubfila International successfully commissions the expanded capacity of sixth line for manufacturing Heat Resistant Latex Rubber Thread.

Suzlon Energy: CARE Ratings upgrades long term rating of Suzlon Global Services to A (Provisional).

Lux Industries Q1-YoY Rev +43% at 260 cr, Margins at 12.4% vs 11%, Profit @ 15.7 Cr Vs 9.5 Cr.

Stocks to watch:
Positive: #Infy #Lumaxtech #RECLTD #Megh #Rubfila #Suzlon #Luxind