Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon | Daily News Byte

Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon

 | Daily News Byte


Stocks to watch today: Domestic markets are likely to start trading on a negative note on Friday amid weak global signals. At 7:56 am, the SGX Nifty was quoted at 18,405, down more than 50-odd points.

Globally, the US market witnessed a free fall overnight as the Dow Jones, NASDAQ Composite, and S&P 500 fell as much as 3 percent in trade.

Meanwhile, back home, here is a list of stocks that may see action in Friday’s trading:

Wipro: The IT services company has signed a multi-year digital transformation partnership with fintech firm Finastra for corporate banking in the Middle East. With this partnership, the company will be the go-to market for Finastra’s trade finance solutions in the region and transform the way corporate banks operate. Read more

Vedanta: A fire broke out in a Vedanta factory in Bokaro district in Jharkhand, where four employees associated with ESL steel, a Vedanta group company, were injured. According to reports, all the injured who are residents of neighboring West Bengal, were treated at Bokaro General Hospital. . The incident happened while the workers were doing maintenance work. Read more

HPCL: The company aims to raise about Rs 10,000 crore in debt from domestic or foreign markets to finance its oil refining and fuel markets. The company said the loan is within the company’s overall borrowing power.

In addition, the company has raised 750 million rupees through the issuance of shares based on a unified organization. society Read more

Industry Reliance: A wholly owned subsidiary of Reliance Retail Ventures, Reliance Consumer Products launched its consumer packaged goods brand, Independence in Gujarat. The product portfolio includes staple foods, processed foods, and other daily necessities, and is introduced to consumers and kirana partners. Read more

Tata Consumer, HUL: According to the report, the leading consumer products company is likely to be in the race or buy Girnar Food & Beverages, a Gujarat-based tea major for Rs 1,000-1,500 crore. However, these discussions are at an early stage. While sources indicated that Dabur was still interested in the deal, the company denied this. Read more

Biocon: The pharma major initiated a clinical study in collaboration with Equillium Inc to evaluate the efficacy of Itolizumab in patients with Ulcerative Colitis. The company said this is the second phase of a dual treatment phase study to evaluate the safety and efficacy of Itolizumab for the induction of remission in biologics naive patients with moderate to severe active Ulcerative Colitis (UC).

Ramkrishna Forgings: The company’s board has approved a proposal to buy up to 51% of shares in TSUYO Manufacturing, a start-up company. A Make-In-India startup that works to solve the problem of electric cars for electric cars. This proposed investment will help TSUYO improve its products and expand its facilities for the production of motors, controllers, e-axles, and differentials.

Kalpataru Power: The company has bagged new orders worth Rs 1,397 crore in the transmission and distribution (T&D) segment. ). The company said orders have been secured in India and overseas markets in the T&D business.

Macrotech Developers: The realty major will invest Rs 330 crore to develop a popular warehouse project in Mumbai as part of its expansion plans and tap the growing demand from e-commerce and third-party logistics companies.

Stock in F&O ban: BHEL, Delta Corporation, GNFC, Indiabulls Housing Finance, IRCTC, and PNB.


Source link