Top stocks in focus: Zee, Airtel, Wipro, Tata Power

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

Jan 15, 2019 02:01 IST India Infoline News Service

Stocks to watch
Bharti Airtel said that it had paid its due to Aircel Group companies on January 10, after the Supreme Court passed orders to the effect that bank guarantees worth Rs453cr shall stand cancelled.

Tata Power said that its Singapore-based Resurgent Power had undergone internal restructuring but shareholding of Tata Power’s arm in the power company has remained the same at 26%.

Wipro board said it was considering a proposal of issue of bonus shares in a meeting to be held between January 17-18. The decision will be reported to the exchanges on January 18.

Indiabulls Venture said it was selling its stock broking business on a slump sale basis to wholly owned arm. There is no agreement, yet. Net worth of broking business is about 15% to the total net worth of the company.

The Reserve Bank of India imposed monetary penalty of Rs1cr on Bajaj Finance due to regulatory compliance issues.

Wendt said that a fire accident took place at its Electro-Plating Facility in Tamil Nadu.

Welspun Corp management said that Intech Metals sold 0.11% stake in last three weeks as ‘public shareholder’. They also stated that Chairman BK Goenka controlled MGN Agro Properties acquired 0.34% stake in last 7 days.

Post amalgamation of Vora Soaps with Godrej Industries, after post allotment and cancellation of equity shares between both the entities, promoter shareholding in the company reduced from 74.72% to 61.33%.

ICRA upgraded the long term rating of Relaxo Footwears to ‘AA’ with stable outlook from ‘AA-’ with positive outlook for term loans worth Rs189.7cr.

Shakti Pumps extended its production shut down till January 15. The company’s operation has been shut since January 9 due to labour contractor issues with the company.

Corporation Bank revised MCLR across various tenors with effect from January 15. One month MCLR is at 8.25% and one-year MCLR at 8.95%.

Axiscades Engineering Technologies board approved legal actions to recover dues amounting to $934,765 against its US customer. The company has already provided a 100% provision for the said item.

United Spirits to sell stake in Four Seasons Wines for Rs31.86cr.

Results Today: Zee Entertainment Enterprises, Trident, Tinplate Company, Jay Bharat Maruti, Den Networks, TV18 Broadcast, Hindustan Media Ventures, KPIT Technologies, Speciality Restaurants, Network18 Media & Investments.

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