Top stocks in focus: Tata Motors, Wipro, Cipla, Biocon

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Dec 13, 2019 02:12 IST India Infoline News Service

Tata Sons increased their stake in Tata Motors to 39.52% from 35.3%. Total promoter stake in the company increased to 42.39% from 38.37%.

Navin Fluorine is planning a capex programme at Dahej with an outlay of over Rs450cr over the next 3-4 years. The board has initially approved funding of Rs90cr for greenfield projects at Dahej and the funding will be done via internal accruals.

Biocon & Equillium Inc. expand exclusive licensing agreement for Itolizumab to include Australia and New Zealand.

Allahabad Bank's gross non-profit asset divergence was at Rs67cr and provisioning divergence was seen at Rs453cr during 2018-19. Besides, the bank has reduced MCLR by 5bps across various tenors with effect from Dec. 14. One-year MCLR at 8.3%.

CARE Ratings revised its ratings for banking facilities and NCDs of Simplex Infra aggregating to Rs10,995cr to ‘Default (CARE D)‘.

Raymond has allotted equity and preference shares worth Rs350cr to promoter JK Investo Trade. Board has also approved the closure of company’s Dubai arm.

Allcargo Logistics has signed pact for slump sale of some assets for a consideration of Rs108cr.

VIP Industries' Jogendra Sethi resigned from the post chief financial officer with effect from Jan. 9.

Inox Leisure has commenced commercial operations of a theatre in Gorakhpur.

Infosys’ arm EdgeVerve and Idego announced their partnership to deliver digital solutions across Latin America.

Wipro received multi-year contract from Olympus.

Dish TV Board re-appointed Jawahar Lal Goel as managing director till March 2020. After this, he will continue to be the chairman of the company to comply with SEBI norms.

Ashok Leyland appointed Vipin Sondhi as the chief executive officer and managing director of the company till December 2024, subject to the approval of shareholders.

Related Story