Stocks: Watch these stocks on Wednesday: In partnership with Repos Energy, Cummins India introduced DATUM (Data Automated Teller Ultimate Machine), an intelligent fuel management system.
The GIFT Nifty moved points, or 0.02 percent, lower at 21,067.5 at 8:16 AM on Wednesday, December 13, signaling a tame opening for domestic stocks.
Tuesday, December 12, saw a decline in the Nifty 50 benchmark after opening the day at a new high of 21,037.90. Oil and gas, financial, and construction stocks pulled down the domestic blue-chip indices. The BSE Sensex concluded with a cut of 377.5 points, or 0.54 percent, at 69,551.03, while the Nifty 50 gave up 90.7 points, or 0.43 percent, to end at 20,906.4.
Wipro
The business and RSA signed a contract to help hasten RSA’s cloud migration and create an IT infrastructure that is scalable, secure, and compliant.
Axis Bank
On the counter, a block deal estimated to be worth Rs 3700 crore is anticipated. It is anticipated that entities connected to Bain Capital will divest 3.34 crore equity shares or 1.1 percent of the private lender.
Indian Bank
The public sector bank set a floor price of Rs 414.44 per share when it launched its QIP the day before. This is being offered at a 5.2% discount to the going rate in the market. On December 15, the board of the company will convene to determine the issue price.
ITC
The company is focused on the FMCG segment, according to the tobacco-to-hotel major at the analysts’ meeting. The company anticipates an 80–100 bps increase in EBITDA margin. Additionally, the company has a favorable medium- to long-term outlook for the cigarette industry.
KPIT Technologies
Following an inspection, the US FDA issued Form 483 with five observations regarding the company’s subsidiary Laurus Synthesis.
NMDC/NLC India
According to sources, the removal of customs duty is expected to provide a boost for essential minerals in the next budget. Critical minerals currently have a 5–10% customs duty imposed on them.
Force Motors
The business will purchase 12.21% of the stock in Tata Power Renewable Energy’s subsidiary TP Surya Limited. The acquisition cost is 2,68,74,210 rupees.
Niraj Cement Structurals
The company received an order on Tuesday at JN Port in Navi Mumbai for the improvement of roads and drainage systems outside of a custom-bound area. The order’s total value, exclusive of Goods and Services Tax (GST), is Rs. 210.98 crore.
Integra Essentials
The business is going to buy a bigger share in Brewtus Beverages Private Limited (BBPL). It will become a subsidiary of BBPL and hold roughly 51% of the company after the additional stake is acquired.
Mankind Pharma
In a block transaction that was completed on Tuesday, Kotak Funds India Midcap Fund purchased 20.29 lakh shares for 1,832.30 per share over the counter.
