Last update: December 21, 2022, 08:58 IST
Stocks to watch in Wednesday’s trade
Stocks to watch today: Shares of Bharti Airtel, Adani Green Energy, NTPC, Dabur and others will be in focus in Wednesday’s trade
Futures on the Singapore Exchange traded up 72 points, or 0.39 percent, at 18,498, indicating Dalal Street was off to a positive start on Wednesday.
Bharti Airtel: Bharti Airtel on Tuesday said it has acquired an 8% stake in Lemnisk-led Immensitas Private Limited as part of the telecom company’s spin-off programme. Airtel will integrate the Bengaluru-based startup’s services across its various platforms, including adtech platform Airtel Ads, digital entertainment apps Wynk Music and Airtel Xstream, and online marketplace Airtel Thanks App.
Adani Green Energy: A renewable energy company backed by the Adani Group, Adani Green Energy has received Zero Waste to Landfill (ZWL) certification for 100% of its operating capacity. The certificate indicates that Adani Green is equipped with a fully efficient waste management system at all its operational sites. this assessment was carried out by Intertek, which offers innovative and tailor-made warranty, testing, inspection and certification solutions. A robust audit procedure by Intertek was conducted on the data/information up to FY22.
NTPC: India’s largest power producer NTPC on Tuesday said the group, including joint ventures and arms, has crossed 3GW of operational renewable energy capacity. The group achieved this milestone on December 20 with the commissioning of the first 100 MW phase of the 300 MW Nokhra Solar PV project in Bikaner, Rajasthan. The NTPC group crossed 2 GW on June 24 this year with the commissioning of a 92 MW solar project at Kayamkulam, Kerala.
Dabur India: Domestic FMCG major Dabur India on Tuesday said its promoters Burmese family sold around 1% stake in the company through the open market to raise funds to fund some ventures. “The Burmese family, which is part of the majority shareholders of Dabur India Ltd, has sold approximately 1 percent stake through a block deal,” said a regulatory filing by Dabur India. These shares were sold through two holding companies: Gyan Enterprises and Chowdry. Colleagues
Jubilant FoodWorks: Domino’s Pizza Inc. will significantly expand its network of retail stores in India as it bets on growing appetite for its products in its largest market outside the US, based on store count, company executives said. As part of the plan, Jubilant FoodWorks Ltd, the Indian franchisee of Domino’s, will add another 1,300 stores across the country, taking its store count to 3,000. Today, the company has 1,701 Domino’s stores in 371 cities.
Shyam Metalics and Energy: Kolkata-based integrated metal producer Shyam Metalics and Energy Ltd has announced the acquisition of Indore-based Mittal Corp Ltd to expand its footprint in the stainless steel, wire and bar mill businesses. With the acquisition, Shyam Metalics adds 150,000 tonnes per annum to its stainless steel, wire and bar mill capacity.
Trucap Finance: MSME-based lender Trucap Finance has announced two deals: the acquisition of Jalandhar-based EZ Capital’s retail MSME book in a share swap deal and a EUR 105 million financing in a mix of equity and debt in Mauritius. based Zeal Global fund. The Mumbai-headquartered NBFC has a loan book of around Rs 500 crore divided into unsecured small-cap EMPE business loans (Rs 270 crore) and gold loans of Rs 230 crore.
Visaka Industries: Construction materials maker Visaka Industries Ltd on Tuesday said the Rs 130 crore plant under construction in West Bengal will be operational by August 2023. The project will increase the total capacity of environmentally friendly plates and panels to 3.5 lakh tonnes. , said a company official. This will be Visaka’s fifth fiber cement board plant in the country and the first unit in the eastern state.
Salasar Techno Engineering: Salasar Techno Engineering Limited (STEL) on Tuesday said it has received orders of around Rs 750 crore from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL). The work orders are for the development of distribution infrastructure to reduce losses in Bulandshahar, Hapur, Baghpat and Meerut districts of Uttar Pradesh under the Reform Based and Results Linked Distribution Sector (RDSS), STEL said in a statement.
Capacit’e Infraprojects: Construction firm Capacit’e Infraprojects Ltd on Tuesday said it has bagged a Rs 117.20 crore order from DLF Ltd to build a mall in Goa. The contract amount of Rs 117.20 crore excludes GST and labor services. The company further said that the order flow in the current fiscal, coupled with the existing order book, gives it confidence to deliver good growth in the coming quarters.
Note:Disclaimer: The expert opinions and investment advice in this News18.com report are their own and not those of the website or its management. Users are advised to consult with certified experts before making investment decisions.
Read all the latest business news here