Top stocks in focus: Vedanta, ABB India, Wipro, UPL, Sterlite Technology

3 Mar 2022 , 07:45 AM

Vedanta: The board has approved a third interim dividend of Rs13 per equity share for the financial year 2021-22. The total outflow for dividends will amount to Rs4,832 crore. The record date for payment of dividends is fixed as March 10.

ABB India: The company completed the sale of its turbocharger business to Turbocharging Industries and Services India, as a going concern, on a slump sale basis to its wholly owned subsidiary for Rs310 crore. In January this year, it had incorporated a wholly owned subsidiary – Turbocharging Industries and Services India.

Wipro: The Bengaluru-based IT services firm has introduced a cloud car platform for software-defined vehicles.

UPL: The fertiliser maker has approved a buyback proposal for 12,571,428 shares at Rs875 per share. The aggregate amount of Rs1,100 crore represents 14.56% and 5.71% of its total paid-up share capital and free reserves, respectively, as on March 31, 2021.

Sterlite Technology: Launched an industry-first end-to-end 5G enterprise solution to address the growing demand for private 5G enterprise connectivity for campus, industrial and venue applications.

Punjab and Sind Bank: To consider preferential issue of equity shares to the Government of India worth up to Rs4,600 crore on March 31.

Suzlon Energy: The wind turbine maker has received a Rs 4,050 -crore loan from REC-led group for debt recast.

Tube Investments: Tl Clean Mobility allotted 9.95 crore equity shares worth Rs 10 each to the company.

Swan Energy: The firm said the board on March 5 will consider fundraising of up to Rs2,000 crore.

Tantia Constructions: The company has bagged an Rs42.2 crore contract from South Eastern Railway for the construction of a major bridge between Basta and Rupsa.

Hind Rectifiers: The electrical equipment manufacturer has received orders worth Rs57.32 crore in February 2022.

Valiant Communications: Investor Duane Park acquired 1.21 percent equity shares in the company via open market transactions. With this, its shareholding in the company stands at 10.35% now, against 9.14% earlier.

Mukand: The stainless steel company has sold its land in Thane for Rs806.14 crore. It has executed an agreement for the sale of said land of 47 acres.