Stocks in Focus: Wipro, Adani Group, GNFC, and Others
Stocks in Focus: Wipro, Adani Group, GNFC, and Others
The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.05% higher by 12 points at 23,659.50, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.
On Tuesday, 19 October, Domestic benchmark indices S&P BSE Sensex gained 239.38 points or 0.31% to end at 77,578.39 while the Nifty50 traded 64.70 points higher or 0.28% and settled at 23,4518.50.
Here are some stocks that are likely to remain in focus on 21 October.
Wipro: The company is planning to collaborate with Lineaje with the aim of enhancing security for open-source components within enterprise software applications.
Adani Group: Gautam Adani, the billionaire chair of Indian conglomerate Adani Group, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme.
GNFC: The company has announced signing a Memorandum of Understanding (MoU) with INEOS Acetyls for exploring the feasibility of constructing a world-scale 600,000-tonne acetic acid plant at its site in Bharuch, Gujarat.
Bharti Airtel: Nokia has acquired a multi-year, multi-billion-dollar extension contract with the company to provide 4G and 5G equipment across major cities and states in India.
Aditya Birla Capital: The company has announced its plans to invest Rs 100 crore in its wholly-owned subsidiary, Aditya Birla Capital Digital Ltd, through a rights issue.
Tata Power: The company has announced a strategic partnership with a subsidiary of Bhutan’s sole generation utility, Druk Holding and Investments Ltd, Druk Green Power Corporation Ltd (DGPC), for developing at least 5,000 megawatts (MW) of clean energy generation together.
JSW Steel: The company has been declared the “Preferred Bidder” for the Codli Mineral Block XII located in Dharbandora, Goa, which came after a forward auction held on 12 November.
Dr Reddy’s Lab: The company’s API manufacturing facility (CTO-2) in Bollaram, Hyderabad, was inspected by the United States Food and Drug Administration (USFDA) for a Good Manufacturing Practices (GMP) inspection between 13 and 19 November.
PSP Projects: Adani Infra (India) has signed a definitive agreement for acquiring a 30.07% stake in the company from their current promoter, Prahladbhai S Patel, for a total consideration of Rs 685.4 crore.
Garden Reach Shipbuilders: The company has announced receiving a contract from the Transport Department of the Government of West Bengal worth Rs 226.2 crore for the delivery of 13 hybrid ferries.
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