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Stocks to watch: Dalal Street is expected to open in the red on the last day of the week in trading amid negative global signals. SGX Nifty futures were last traded 63.5 points or 0.3 percent lower at 18,396. Shares of Reliance, Wipro, Kajaria, Deepak Fertilizers among others will be in focus today. Here are the top stocks to watch out for in trading on December 16 –
| Reliance Consumer Products Ltd, the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures Ltd (RRVL), a subsidiary of the company, has launched an indigenous consumer packaged goods brand made for India, Independence, in Gujarat.
Wipro Ltd | The IT giant has announced a five-year, multi-million dollar deal with financial software provider Finastra to drive digital transformation for corporate banks in the Middle East. In addition, the company announced that it has been selected by Mazda Motor Logistics Europe to provide next-generation managed services for the entire application landscape.
SJVN Ltd | SJVN Green Energy Ltd, a subsidiary of the company has achieved financial closure for a 1,000 MW solar power project under implementation in Bikaner, Rajasthan. The EPC contract for this project has been awarded to Tata Power Solar Systems Ltd and the total cost of the project is Rs 5,723. 6 billion. 
KPI Green Energy Ltd | The company has signed a new long-term power purchase agreement (PPA) for the sale of 7.50 MWp of solar power with Tata Motors Passengers Vehicles Ltd, a subsidiary of Tata Motors Ltd, under the company’s Independent Power Producer (IPP) segment.
Kajaria Ceramics Ltd | The company announced that a joint venture agreement has been executed between Kajaria International DMCC, UAE, a wholly owned subsidiary of the company and Al Rathath Marble Factory LLC, UAE to carry out the business of Vitrified Glazed Tiles, Sanitary / Bathware products, marbles, granites. , natural stone and allied products in the UAE through a company like Kajaria RMF Trading LLC by means of the purchase of its shares in equal proportions, ie 50: 50, on a joint venture basis.
Deepak Fertilizers and Petrochemicals Corporation Ltd | The board of directors of Smartchem Technologies Ltd, a wholly-owned subsidiary of the company, has approved the company’s restructuring plan with the aim of unlocking the growth potential of each business. The company announced the demerger of its mining chemicals and fertilizers business and, the merger of Mahadhan Farm Technologies Private Ltd with STL.
Life Insurance Company of India | The company said it has increased its shareholding in HDFC Asset Management Ltd from 1,49,84,224 shares to 1,93,11,744 shares, increasing its shareholding from 7,024 per cent to 9,053 per cent.
Shriram Pistons & Rings Ltd | The auto component maker will acquire a majority stake in electric engine design and manufacturing firm EMF Innovations Private Ltd through its wholly-owned subsidiary, SPR Engenious Ltd for a total consideration of Rs 78 crore.
Indian Railway Catering and Tourism Corporation Ltd | The government railway company announced that its offer was oversubscribed by 3.1 times in one day. Looking to open for sub-investors today, i.e. December 16.
Iris Business Services Ltd | The company has received a letter of intent issued by the Royal Monetary Authority of Bhutan to award a contract to provide consulting services for the implementation of a data warehouse and analysis system.[ad_2]
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