Nifty futures on the Singapore Exchange traded 62 points, or 0.39 per cent higher at 16,003.50, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:
Tata Consultancy Sevices: The IT major’s Rs 18,000 crore share buyback will kick off today and the company will continued to accept shares till March 23. TCS plans to buy back 4 crore shares at Rs 4,500 per share.
Adani Ports: The Adani Group’s bluechip player said it has incorporated a wholly-owned subsidiary named HDC Bulk Terminal Limited. The Company has incorporated a wholly owned subsidiary company ‘HDC Bulk Terminal Limited (HDCBTL)’ on March 7, 2022.
Sun Pharmaceutical Industries: The pharma major’s subsidiary Taro Pharmaceuticals USA Inc has completed the acquisition of subsidiary companies of Galderma. The company paid $99.279 million for the entire transaction.
Indian Oil: The nation’s largest oil firm will build nine more storage tanks to stock additional 10 million tonnes of crude oil at Adani group-operated Mundra port in Gujarat.
ONGC: The state-owned energy conglomerate, through Attorney General for India KK Venugopal, urged the Supreme Court to fix uniform fees for arbitrators in India on the ground that in some recent instances they had asked for too much after agreeing to the payment schedule under the 1996 Act.
NMDC: The country’s largest iron ore miner hiked the prices of lump ore and fines by Rs 400 a tonne each with immediate effect. This is the second upward price revision in two weeks time.
Bharat Forge: The auto ancillary company said its subsidiary Kalyani Strategic Systems (KSSL) has incorporated a joint venture company – Sagar-Manas Technologies (SMTL), with open joint stock company Dastan Transnational Corporation.
Eveready Industries India: The battery and flashlight maker’s board said it appointed Suvamoy Saha as the managing director for three years after promoters led by Khaitans resigned from the board.
Dish TV: The embattled DTH player disclosed that its shareholders have rejected all three proposals, including the adoption of financial statements and reappointment of Ashok Mathai Kurien as director, at its AGM held on December 30, 2021. The Essel group firm is currently locked in a legal battle with its single largest shareholder Yes Bank.
Zydus Lifesciences: The drug maker said its subsidiary has inked a pact to acquire a brand from the US-based BridgeBio Pharma. Sentynl Therapeutics Inc, a US-based wholly owned subsidiary of Zydus Lifesciences, and BridgeBio Pharma Inc have executed an asset purchase agreement for the sale of Nulibry (Fosdenopterin) for injection.
ISGEC Heavy Engineering: The engineering company has bagged a large order for cement waste heat recovery boilers from Shree Cement in Nawalgarh, Rajasthan. The current order for the Nawalgarh site will be the third project that Isgec has received from Shree Cement.
Bafna Pharmaceuticals: The promoter of drug firm, SRJR Life Sciences LLP, will sell 99,357 equity shares or 0.42 percent stake in the company through open market transactions. The purpose of this stake sale, which will start from March 9, is to achieve minimum public shareholding.
Yasho Industries: The specialty chemicals company said its board on March 16 will consider capital expenditure for a new greenfield project with a capacity of 15,500 metric tonne per annum at Bharuch, Gujarat.
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