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Mazagon Dock Shipbuilders, UTI AMC, Vedanta, Wipro, ONGC and RILStocks in the news: Mazagon Dock Shipbuilders, UTI AMC, Vedanta, Wipro, ONGC and RIL

Published: October 13, 2020

Nifty futures on the Singapore Exchange traded flat at 11,961, in signs that Dalal Street was headed for a flat start on Monday. Here are a few stocks which may buzz the most in today’s trade:

Wipro: The Bengaluru-headquartered IT firm may see its net profit in the quarter ended September decline from a year ago, but rise on a sequential basis. All eyes are set on the IT major’s buyback plan, deal wins and on the guidance for the current quarter and the fiscal year.

Vedanta: Billionaire Anil Agarwal’s Vedanta Resources on Saturday said it has failed to garner the required number of shares to delist Indian subsidiary Vedanta. The total number of shares validly tendered by the public shareholders in the delisting offer was 125.47 crore, less than the minimum number of shares required to be accepted by the acquirers in order for the delisting offer to be successful.

Mazagon Dock Shipbuilders, UTI AMC: State-run Mazagon Dock Shipbuilders and asset manager UTI AMC are set to make their debut on the bourses on Monday. The grey market activity suggests a robust debut of PSU mini-ratna Mazagon Dock shares on Monday, while mutual fund firm UTI AMC may open flat to marginally lower from the issue price.

Reliance Industries: Reliance Jio has waived security fee deposit for postpaid customers who switch to its network from rival mobile service providers, a company official said on Friday.

SAIL: State-owned steel maker SAIL plans to commence commercial production of head hardened (HH) rails in this fiscal, PTI reported citing chairman Anil Kumar Chaudhary.

Sun Pharma: Leading drug maker Sun Pharma is recalling 747 bottles of generic diabetes drug in the US due to the possibility of the affected lot containing cancer causing nitrosodimethylamine (NDMA) above the acceptable intake limit, the US health regulator has said.

PVR, Inox Leisure: Multiplex operators are still awaiting nod from many state governments to resume operations even though the Centre has already issued guidelines with regard to reopening of cinemas and theatres.

ONGC: The government is considering changing the price formula for domestic natural gas to encourage investment in the sector, ONGC Chairman Shashi Shanker has said.

Magma Fincorp: Goldman Sachs India sold most of its 2.11 per cent stake in Magma Fincorp, a Kolkata-based non-banking financial company (NBFC). On Friday, it sold 53,95,905 shares of Magma Fincorp at Rs 33.08 per share.

Parag Milk Foods: Mumbai-based stock broker Amal N Parikh bought 14,00,000 shares of Parag Milk Foods at Rs 118.52 per share.

Ahluwalia Contracts: FID FDS Mauritius Ltd F/IDE sold 4,83,971 shares of Ahluwalia Contracts (India) at Rs 233 per share.

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