Sunday, July 22, 2018

Top Stocks in focus today: UPL, Wipro, Just Dial, VST Industries

UPL to acquire Arysta Lifescience in an all cash deal worth $4.2 billion.

Wipro guided for IT services revenues to be in range of $2,009 mn to $2,049 mn in the second quarter. The company will acquire US based Alight Solutions' India operations for $117 mn.

Just Dial approved buyback of 27.5lakh shares, or 24.26% equity, at Rs800 each. The buyback amount to not exceed Rs220cr.

BPCL’s board approved transfer of Gas Business Division to subsidiary Bharat Gas Resources Limited. The transaction to be completed in three-four months.

VST Industries reported strong set of numbers for Q1FY19. PAT for the quarter grew by 53.9% yoy to Rs61.2cr.   

Havells to merge all India-based subsidiaries with self.

Hathway Cable to raise Rs100cr via preferential allotment of equity shares to promoter.

Muthoot Finance received primary SEBI nod for AMC business.

IMP Powers started production of Kinetic Energy Turbine in Silvassa.

Lyka Labs board accepted in-principle approval received from Dena Bank for compromise settlement of their account.

Alok Industries said that their liquidation application has been withdrawn.

Cadila Healthcare’s Zydus received final approval from the USFDA for Acetylcysteine Injection.

Corporation Bank approved raising Rs2,555cr via shares allotment preferentially to government.

Jubilant Foodworks says received a report from anti-profiteering body saying Jubilant didn’t pass GST benefit.

SpiceJet says Tribunal rejects Maran’s damage claim on warrants.Federal Bank gets RBI nod to enter Bahrain, Kuwait, Spore.

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