Wipro: Company is expected to report around 3.5 percent dollar revenue growth QoQ in the quarter ended September 30, 2020.

Large deal wins and easing of supply-side constraints may boost topline.

The constant currency revenue growth could be around 2 percent QoQ, while profit is expected to grow in the range of 4-9 percent backed by revenue and stable EBIT margin.

UTI AMC: Company to list its equity shares on October 12 after fixing issue price of Rs 554 per share.

Mazagon Dock Shipbuilders: State-owned defence company to debut on bourses on October 12.

The issue price is fixed at Rs 145 per share.

Indiabulls Housing Finance: Company raised Rs 441 crore by selling part of its stake in OakNorth Bank Ltd

Emami: Promoters reduced pledged shares to 46.50 percent of their total shareholding in September from 90.48 percent in June quarter.

Eveready Industries India: 7.2 lakh shares held by company invoked from pledge by Vistara ITCL India.

Liberty Shoes: CARE downgraded credit rating on short term bank facilities to A2 from A2+ earlier.

GNA Axles: Promoter Jasvinder Singh created pledge on company’s 3 lakh shares.

JK Paper: CRISIL reaffirmed long term credit rating for company’s bank loan facilities at AA-/Stable.

SAT Industries: Company increased stake in Fibcorp Polyweave from 19.22 percent to 19.89 percent via rights issue.

Glenmark Pharma: Company’s clinical study says no significant clinical benefit with Umifenovir addition in COVID-19 treatment.

Sandhar Technologies: Company divested its entire shareholding in joint venture Indo Toolings (ITPL) in favour of JBM Auto, the joint venture partner.

Gati: Company has approved the appointment of Rohan Mittal as a chief financial officer after Peter H Jayakumar stepped down as CFO.

Sun TV Network: Promoter Kalanithi Maran released 4.64 lakh pledged shares.

Federal-Mogul Goetze (India): Promoter entity IEH FMGI Holdings LLC proposed to sell up to 1,21,45,391 equity shares (representing 21.83 percent of the paid up equity) on October 12-13.

The floor price has been fixed at Rs 342 per share.

Pervasive Commodities: Company approved rights issue in the proportion of 100 |1.

Great Eastern Shipping: Company signed a contract to buy a second-hand LR2 Product Carrier of about 105,258 dwt.

The 2012 South Korean built vessel is expected to join the company’s fleet in Q3 FY21.

RITES: Company secured consultancy orders worth Rs 103 crore.

Can Fin Homes: Investor Caladium Investment Pte Ltd reduced stake in company to 9.37 percent from 9.49 percent earlier.

Rossari Biotech: MFs increased stake considerably to 12.43 percent as of September-end from 5.21 percent on July 22 (the day before listing), Goldman Sachs acquired 1.31 percent and Plutus Wealth Management LLP bought 1.73 percent after listing.

Bhartiya International: Errol Martin has resigned from the position of CEO (Fashion Business) of the company.

Premier Explosives: Company received an order from Singareni Collieries Company (A Government Company) for supply of SMS/SME explosives and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and CED 2.0M detonator) for OB removal at different OCPs of SCCL for a period of 2 years.

Sukhjit Starch & Chemicals: New maize processing unit commissioned in Punjab and will start its operations in third week of October.

Welspun Corp: Investor Aadi Financial Advisors LLP reduced stake in company to 4.73 percent from 5.07 percent earlier.

Jubilant Life Sciences: Company issued commercial papers of Rs 30 crore.

Ahluwalia Contracts India: FID FDS Mauritius Ltd F/IDE sold 4,83,971 equity shares in company at Rs 233 per share on the NSE.

Magma Fincorp: Goldman Sachs India sold 53,95,905 equity shares in company at Rs 33.08 per share on the NSE.

Majesco: Unifi Wealth Management Ltd bought 2,13,166 equity shares in company at Rs 871.35 per share on the NSE.

Parag Milk Foods: Amal N Parikh acquired 14 lakh equity shares in company at Rs 118.52 per share on the NSE.

Shilpa Medicare: Company gets a warning letter from US FDA for its Jadcherla facility in Telangana.

Vedanta: Vedanta Resources and its indirect subsidiaries namely, Vedanta Holdings Mauritius and Vedanta Holdings Mauritius II informed that the delisting offer is deemed to have failed, company said in the release.

Total number of offer shares validly tendered by the public shareholders in the delisting offer is 1,25,47,16,610 offer shares, which is less than the minimum number of offer shares required to be accepted by the acquirers in order for the delisting offer to be successful.

Thus, the delisting offer is deemed to have failed, it added.

GTPL Hathway Q2: Consolidated net profit grew 56.6 percent at Rs 45.1 crore against Rs 28.8 crore (YoY). Consolidated eevenue went down 7.1 percent at Rs 575.6 crore against Rs 619.6 crore (YoY).

Consolidated EBITDA was up 8.8 percent at Rs 129.8 crore against Rs 119.3 crore (YoY). Consolidated EBITDA margin stood at 22.5 percent against 19.2 percent (YoY).

Hero MotoCorp: Harley Davidson is likely to announce its India distribution plan this week. Hero Moto and Harley Davidson is likely to conclude a strategic partnership, sources said.

Were The Stocks In Focus Today 12-10-2020

Source: Moneycontrol

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