Action is seen on the shares of the stock companies of the listed companies of the stock market or the decisions taken by the government. Some companies announce their decisions after market close and some companies make their decisions public during market hours. Sometimes such information about companies is also filtered from other sources, which has a favorable or unfavorable effect on their stocks. Keeping this in mind, we provide daily information about such stocks or companies in the form of Buzzing Stocks for the investors, which will be in the headlines or focus during the market today due to some reason.
Wipro: Formed a long-term partnership with Pandorum Technologies. The company announced a long-term partnership with Pandorum Technologies to accelerate regenerative medicine with artificial intelligence.
Colgate-Palmolive: Promoted to MD and CEO at parent company to President of Enterprise Oral Care. The company’s Managing Director and CEO Ram Raghavan has been elevated as the Chairman, Enterprise Oral Care of the parent Colgate-Palmolive Company.
Britannia Industries: LIC buys additional stake. Life Insurance Corporation of India bought 1.2 lakh shares in the company through open market transactions on 9 March. With this, the shareholding of LIC increased from 4.97 per cent to 5.02 per cent.
Ashoka Buildcon: Ashoka Belgaum Khanapur Road became eligible to receive annual payment from NHAI.
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Lupine: The company started its first reference laboratory in eastern India. Establishing its diagnostic business in Kolkata, the pharma company opened its first reference laboratory in eastern India. Lupine Diagnostics is also setting up laboratories in West Bengal, Assam, Bihar, Jharkhand and Odisha. This will cover the Eastern India region extensively.
Shipping Corporation of India: LIC sold 2 percent equity stake. Life Insurance Corporation of India sold 2 per cent equity stake in the company through an open market transaction. With this, LIC’s stake in the company has come down from 8.04 per cent to 6.03 per cent.
Mold-Tek Technologies: Board will consider interim dividend. The board will consider the interim dividend for the financial year 2021-22 on March 15.
Coforge: Shares were sold by the promoter. Promoter Hulst BV sold 30 lakh equity shares in the company at an average price of Rs 4,261.15 per share and another 30 lakh shares at an average price of Rs 4,273.24 per share.
Futures Consumer: The company will wind up the JV. Future Consumer said it has agreed to wind up Fonterra Future Dairy – a 50:50 joint venture with Fonterra Co-operative Group. This joint venture was formed in 2018.
Kirloskar Ferrous Industries and ISMT: Kirloskar Ferrous has bought controlling stake in ISMT. The Board has allotted 15.4 crore equity shares of ISMT at Rs 30.95 per share to Kirloskar Ferrous Industries for Rs 476.63 crore. With this, Kirloskar Ferrous Industries has acquired a controlling interest and has 51.25 per cent stake in ISMT.
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