Nifty futures on the Singapore Exchange traded 298 points, or 1.65 per cent lower at 17,794, signaling that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:
Infosys: The IT major has collaborated with Bpost (Belgium Post), a leading postal operator and growing parcel and omni-commerce logistics partner in Europe, to secure cloud environment and build robust cyber resilience for Bpost’s mail delivery and logistics services.
Multiplex stocks: The Competition Commission of India (CCI) rejected a complaint against the proposed merger of multiplex chains PVR and
, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe.
JSW Steel: The metal firm said it has entered into a pact with Germany-based SMS group to examine various cutting edge solutions and R&D projects to cut down carbon emissions in its iron and steel making operations in the country. JSW Group’s flagship company is pumping in Rs 10,000 crore to reduce carbon emissions from steel manufacturing.
Adani Transmission: The Adani Group’s utility firm said it has incorporated a wholly-owned subsidiary, Adani Electricity Jewar Ltd, to carry on business of transmission, distribution and supply of power and other related infrastructure services. AEJL will commence its business operations in due course.
Lupin: The Drug maker said its biosimilar product Rymti, indicated for the treatment of arthritis, has received approval from the Canadian health authority. The company’s product is the biosimilar of reference drug Enbrel (Etanercept).
Bharat Forge: The auto components major said its unit Kalyani Powertrain has joined hands with US-based Harbinger Motors to form a joint venture focused on developing electric drivetrain solutions for the commercial vehicle market.
KEC International: The Infrastructure EPC major
has secured new orders of Rs 1,108 crore across its various businesses including transmission and distribution and railways. The transmission and distribution business has secured orders for T&D and cabling projects in India, Middle East and Africa.
Product: The agricultural products firm to consider fundraising on September 19. The company said the board of directors on September 19 will consider raising of funds by issue of shares on a rights issue basis.
Maharashtra Scooters: The investment and holding company said the board of directors has declared an interim dividend of Rs 100 per share of face value Rs 10 for the financial year ending March 2023. The record date for determining the eligibility of members to receive the interim dividend has been fixed as September 23.
Brightcom Group: The digital marketing solutions firm has decided to call of its deal to acquire MediaMint for Rs 566 crore and will now go for a strategic alliance with the latter. In December 2022, the
had entered into an agreement to acquire digital consulting firm MediaMint for Rs 566 crore in a cash and stock deal.
Zydus Lifesciences: The drug maker said it has received approval from the US health regulator to sell Lenalidomide capsules, used in the treatment of various types of cancers, in the American market. The company has received approval from the USFDA to market the product in strengths of 2.5 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 25 mg.
Jaiprakash Power Ventures: The smallcap utilities firm has emerged as the highest bidder for a coal block in Madhya Pradesh. The government put on sale 10 coal mines under the commercial coal mining this week.
EKI Energy Services: The carbon credit developer and supplier said it has listed a plastic project from India under a global accreditation standard, becoming the first company to do so. The Indore-based company has become the first ever firm to list a plastic project from the country with an aim to generate India’s first-ever international plastic credits.
Neuland Laboratories: The pharmaceutical firm’s Deepak Gupta has resigned as chief financial officer to pursue career opportunities outside the company. He will continue to act as chief financial officer till October 13.
Filatex India: The textile products firm has received a patent for recycling of polyethylene terephthalate (PET) waste for 20 years with effect from June 2, 2021. The company received a certificate from the patent office of government of India.
WardWizard Innovations and Mobility: The electric two-wheeler maker has said it plans to set up its first global R&D (Research & Development) headquarters in Singapore. The facility will focus on research and development of two-, three- and four-wheelers along with the development of technologically advanced EV products.
Future Lifestyle Fashions: The Debt-ridden Future group firm is facing three petitions before the NCLT from its creditors to initiate insolvency proceedings and one of them has been reserved for orders. Three creditors – two financial and one operational – have filed claims totaling around Rs 1,100 crore before the National Company Law Tribunal (NCLT).