Stocks to watch: Ami Organics, Vijaya Diagnostic, Infosys, D-Mart, ZEEL

September 14, 2021 - By admin

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Nifty futures on SGX were trading 30 points higher at 17,405 around 8.45 am, indicating a positive start for the benchmark indices on Tuesday Listing Today: Ami Organics, Vijaya Diagnostic will debut on the bourses today. The former’s IPO was subscribed 64.53 times, while the latter’s IPO was subscribed 4.54 times.

Kesoram Industries: BK Birla Group flagship Kesoram Industries on Monday said it’ll launch a rights offering of over 7.99 crore equity shares on September 27 to boost up to Rs 399.99 crore. It fixed the rights entitlement ratio of 133 for each 274 equity shares held by eligible shareholders of the corporate as on the record date.

Infosys: IT services major Infosys on Monday said it’s bought back over 5.58 crore equity shares as a part of its about Rs 9,200 crore buyback offer. The shares were bought back at a volume weighted average price of Rs 1,648.53 per equity share, consistent with a public notice. the corporate also said that it’ll announce its financial results for the September quarter on October 13. The board also will consider declaration of interim dividend, if any.

Avenue Supermarts: chain D-Mart has opened a replacement store at Faridabad, Haryana, which is its other in Delhi-NCR. Avenue Supermarts Ltd, which owns and operates D-Mart, has opened a 94,000 sq. ft. store at BPTP Parklands, Faridabad.

Zee Entertainment: Manish Chokhani and Ashok Kurien have resigned from the position of non-executive non-independent directors of the corporate with immediate effect. The company’s largest shareholders have called EGM seeking removal of Puneet Goenka from board HCL Tech: the corporate has signed strategic partnership with South Korean company HANCOM for tech solutions.

KNR Constructions: the corporate received a Letter of Acceptance for Hyderabad Growth Corridor (HGCL) – widening of existing service roads from Nanakramguda to TSPA and Narsingi to Kollur and BT Overlay of Bitumen pavement from Gachibowli to Shamshabad of Outer bypass , Hyderabad. The contract is worth Rs 312.79 crore.

Amber Enterprises India: the corporate has invested $1,00,000 in Amber Enterprises USA Inc. and has been allotted 1,00,000 common shares at face value of $1 per share. Post the allotment of shares, Amber Enterprises USA Inc has now become a wholly-owned subsidiary of Amber Enterprises India Allcargo Logistics: the corporate has dropped plans to delist its shares after public shareholders voted against the offer to require the corporate private.

Wipro: the corporate has partnered First Horizon Bank to rework the core banking channels and servicing capabilities of VirtualBank, a longtime digital bank that FHN inherited from Louisiana-based IBERIABANK as a part of the merger completed in 2020 Dilip Buildcon: Subsidiary Bangalore Malur Highways has received the letter of the appointed go back the National Highways Authority of India and had declared the appointed w.e.f. September 15.