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    Stocks in the news: Dharmaj Crop, Infosys, Eicher Motors, TechM, IDFC First and Macrotech

    Synopsis

    Dharmaj Crop Guard will make its debut at the Dalal Street on Thursday after raising Rs 251 crore from primary markets. Its IPO, which was subscribed 35.5 times, was open between November 28-30 in the range of Rs 216-237 apiece.

    Multibagger smallcap stock: Record date for split, bonus share issue announcediStock
    Stocks in buzz: Metro Brands, Aster DM, Bank of Maharashtra, Mahindra Logistics, VA Tech Wabag, PTC India, Inox Wind, Lumax and more
    Nifty futures on the Singapore Exchange traded 6.5 points, or 0.03 per cent lower at 18,665, signaling that Dalal Street was headed for a flat start on Thursday. Here are a dozen stocks which may buzz the most in today's trade:

    Dharmaj Crop Guard: The agrochemical company will make its debut at the Dalal Street on Thursday after raising Rs 251 crore from primary markets. Its initial public offering, which was subscribed 35.5 times, was open between November 28-30 in the range of Rs 216-237 apiece.

    Infosys: India’s second-largest IT services company commenced its fourth share buy-back amounting to Rs 9,300 crore. The buy-back will be at a price not greater than Rs 1,850 per equity share having a face value of Rs 5 each through the open market route.

    Tech Mahindra:
    The IT major announced the launch of Cloud BlazeTech, an integrated, sector-agnostic platform, to maximise business value for cloud-powered enterprises globally. The organisation will continue to invest in cloud services and hyerpscaler relationships to boost digital transformation for enterprises.

    Eicher Motors: Niche bike maker Royal Enfield said its new assembly facility in Brazil has commenced operations. The CKD (completely knocked down) plant is a significant step forward in the company's plans in Latin America and reiterates the brand's commitment to the region.

    IDFC First Bank: The private lender and NASSCOM Centre of Excellence have partnered to grow the innovation ecosystem and guide startups through a range of banking solutions. A Memorandum of Understanding was signed between IDFC First and NASSCOM COE, appointing the bank as a preferred banking partner for startups in Bengaluru.

    Macrotech Developers: The realty firm fixes QIP offer floor price at Rs 1,022.75 per share. The company and the selling shareholders may offer a discount of not more than 5 percent on the floor price. The relevant date for the purpose of the offer is fixed as December 7.

    Aster DM Healthcare:
    The healthcare services player said it has entered into an agreement with Iraq's Faruk Medical City to develop healthcare services in the country. It has signed a contract to collaborate on capability development and academic and professional training programmes for clinical staff and healthcare professionals in Iraq.

    Metro Brands: The footwear company completes a 100 per cent acquisition of Cravatex Brands. Cravatex is engaged in the business of importing, trading, selling, marketing, advertising, retailing and distributing footwear, apparel and accessories under various brands including ‘FILA’ and ‘Proline’.

    Bank of Maharashtra: The state-owned lender said it has raised Rs 348 crore from bonds to fund business growth. The lender raised the funds through private placement of Basel-III compliant tier II bonds.

    Mahindra Logistics: The logistics solutions provider incorporated MLL Global Logistics as wholly-owned subsidiary in the UK on December 6 for carrying on the business of logistics, supply chain management including freight forwarding and air charter business across geographies.

    VA Tech Wabag: The water treatment company appointed Pankaj Malhan as Deputy MD and Group CEO, effective December 7. The company also re-designated Rajiv Mittal as Chairman and Managing Director effective December 07.

    PTC India: The power trading solution provider reported 29 per cent dip in consolidated net profit at Rs 138.23 crore for September quarter 2022-23 due to lower revenues. The company's net profit in the year-ago period was Rs 195.48 crore.

    Matrimony.com: The matchmaking service provider expanded its service offerings by unveiling Jodii, a mobile application, 'for corporates' that would benefit working professionals, the company said. The corporate services would help the employees of select organisations to have unlimited premium access to member profiles.

    Inox Wind: The renewable energy player said its promoters have infused an amount of Rs 623 crore in the company and the fund was used for repaying advances received from Gujarat Fluorochemicals.

    Lumax Industries: The auto components player will set up a new greenfield project at Chakan, Pune involving a capex of Rs 175 crore for phase 1. The project will service the orders received from OEMs for advanced lighting solutions. The project is expected to be commissioned by Q2FY24 and will be financed by a mix of debt and internal accruals.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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