Stocks in the news: Wipro, IndiGo, Astral, Paras Defence and Syngene

Stocks in the news: Wipro, IndiGo, Astral, Paras Defence and Syngene

Nifty futures on the Singapore Exchange traded 197.5 points, or 1.12 per cent lower at 17,477.5, signaling that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:

Wipro: The IT services major has entered an expanded collaboration with Palo Alto Networks to deliver managed security and network transformation solutions like SASE (secure access service edge), cloud security and next-generation SOC (security operations center) solutions based on Zero Trust principles for global enterprises.

Syngene International: Drugmaker Biocon divested a 5.4 per cent stake or a total of 21,789,164 shares in its research arm at an average price of Rs 560.04 apiece for a little over Rs 1,220.28 crore through an open market transaction, as per BSE’s bulk data.

InterGlobe Aviation: The budget carrier IndiGo has said Pieter Elbers, who was named as the Chief Executive Officer of the company to replace Ronojoy Dautta, has joined the position. The airline had announced the appointment of Elbers as its new CEO following Dutta’s ‘decision’ to retire on September 30.

Astral: The plastic products firm has received order from NCLT sanctioning scheme of amalgamation of subsidiaries Resinova Chemie limited and Astral Biochem with itself. Accordingly, the scheme of amalgamation has become effective from September 6.

Paras Defence and Space Technologies: The defence player has entered into an exclusive teaming agreement with ‘ELDIS Pardubice’ s.r.o., Czech Republic. They are intended to provide turnkey anti-drone systems for civilian airports in India.

Suzlon Energy:
The renewable energy solution provider said that it has won an order to set up 180.6 MW wind energy project from Sembcorp’s arm Green Infra Wind Energy. It will install 86 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each.

Dreamfolks Services: Mirae Asset India Small-Midcap Focus Equity Master Investment Trust acquired 3,03,446 equity shares in the company via open market transactions. These shares were bought at an average price of Rs 471.51 per share.

Product: Promoter Raja Ganesan Chandramogan sold 27.20 lakh equity shares or 1.26 percent stake in the dairy products company via open market transactions at an average price of Rs 987.8 per share.

Salasar Techno Engineering:
The construction and engineering firm will be in focus as the company said its board has approved the allotment of 3 crore equity shares to QIBs at a price of Rs 27.30 per share. The company raised Rs 81.9 crore through its issue.

Industries: The sugar company has executed memorandum of understanding (MOU) with Envien International, Malta and Zuari Envien Bioenergy, to build and operate a biofuel distillery. The company will explore the organic and inorganic business opportunities in the biofuel space in India.

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