Buzzing Shares: Ashok Leyland, Wipro, ABB India, Whirlpool, Hindalco, Zee, and others

Shares to glimpse: Are trying the corporations making headlines earlier than the outlet bell as of late, on February 21, 2024.

February 21, 2024 / 06:07 AM IST

Buzzing Shares


Ashok Leyland: The commercial automobile manufacturer will be developing a brand new constructed-in commercial automobile plant taking into account green mobility in Uttar Pradesh.

Buzzing Shares


Wipro: The technology services and consulting firm launched Wipro Endeavor Man made Intelligence (AI)-Intriguing Platform, a brand new service that will allow purchasers to place their endeavor-level, entirely constructed-in, and personalized AI environments. The Wipro Endeavor AI-Intriguing Platform leverages the IBM Watsonx AI and recordsdata platform.

Buzzing Shares


Hindalco Industries: Its US subsidiary Novelis filed for an preliminary public offering (IPO) with the Securities and Alternate Price. The shares are expected to be supplied by Novelis’ sole shareholder, AV Minerals (Netherlands), a completely-owned subsidiary of Hindalco. No other facts referring to the IPO had been accessible, because the draft registration assertion has been filed confidentially.



Whirlpool of India: Promoter Whirlpool Mauritius supplied 3,03,89,239 equity shares, which is an analogous to 23.95 p.c of paid-up equity thru initiate market transactions, at a median ticket of Rs 1,277.02 per part, valued at Rs 3,880.8 crore. It held a 75 p.c stake within the firm as of December 2023. Nonetheless, Aditya Birla Sunlife Mutual Fund, DSP Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, and Societe Generale ODI picked 1,30,66,018 equity shares, valued at Rs 1,668.52 crore.



Zee Entertainment Enterprises: Zee clarified on a media file that the firm is reviving Sony merger talks. Zee stated it has no longer been taking into account any negotiations. It categorically confirmed that the file resuming Sony merger talks is factually unsuitable.



ABB India: The technology chief in electrification and automation, has recorded derive profit of Rs 345 crore for the quarter ended December 2023, rising 13 p.c over a twelve months-within the past length. Earnings from operations grew by 14 p.c twelve months-on-twelve months to Rs 2,757 crore for the quarter, with notify consumption rising by 35 p.c to Rs 3,147 crore at some point of the fourth quarter of CY23. The notify backlog as of December 2023 stood at Rs 8,404 crore, an amplify of 30 p.c YoY. The board suggested a closing dividend of Rs. 23.8 per part.



Tourism Finance Company of India: Investor Aditya Kumar Halwasiya has supplied 1,18,02,094 equity shares (an analogous to 13.05 p.c of paid-up equity) thru initiate market transactions at a median ticket of Rs 209.75 per part. Nonetheless, distant places investor Varanium India Replace exited TFCI by promoting the entire 30,97,461 equity shares, and Varanium Capital Advisors offloaded 10,04,400 equity shares. Promoters Pransatree Holdings Pte supplied 42,56,100 equity shares, and Koppara Sajeeve Thomas supplied 34,44,133 equity shares in TFCI. These shares had been supplied at a median ticket of Rs 209.75 per part.



Union Bank of India: The Committee of Directors for Elevating Capital Funds has permitted the elevating of funds up to Rs 3,000 crore thru qualified institution placement (QIP) issues. The QIP enlighten of affairs opened on February 20, with a floor ticket of Rs 142.78 per equity part.



Shilpa Medicare: TA FII Investors supplied 5 lakh shares within the pharma firm at a median ticket of Rs 422.22 per part.



GOCL Company: Promoter Hinduja Capital, Mauritius, goes to diminish the shareholding in GOCL by about 1 p.c, i.e., from the point to 73.83 p.c to about 72.83 p.c, thru a bulk or block deal. This can even allow the firm to carry out the mandatory licenses to rob in and rating bigger its trade within the protection sector. Hinduja Capital's shareholding in GOCL Company is even handed a distant places suppose investment.



Swan Vitality: The firm stated the board has permitted the originate of qualified institution placement (QIP) on February 20. The floor ticket has been mounted at Rs. 703.29 per part. The board members will be assembly on February 26 to rob into consideration the enlighten of affairs ticket for equity shares.



Devyani World: Yum Restaurant India is probably going to sell a 4.4 p.c equity stake in Devyani World thru block provides, reports CNBC-TV18, quoting sources. The floor ticket has been mounted at Rs 153.5 per part, which is a 7.4 p.c good deal to the closing ticket of February 20. The entire size of the block deal is probably going to be Rs 814.8 crore.



Thermax: The firm has entered into a license and technical aid settlement with South Korea-essentially based entirely Flowtech Co. to carry out technology to acquire poly carboxylate ether products to support its construction chemicals trade portfolio.

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