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    Stocks in the news: eMudhra, Bharat Dynamics, HFCL, GOCL Corp and Bata

    Synopsis

    eMudhra will make its debut at the bourses on Today. The company sold its Rs 412.79 crore initial public offering (IPO) in a the range of Rs 243-256 apiece between May 20-24. The issue was overall subscribed 2.72 times.

    Stocks in focus: IRCTC, Bata India, M&M, IndiGo, HFCL and more
    Nifty futures on the Singapore Exchange traded 43.5 points, or 0.26 per cent lower at 16,516.50, signaling that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today's trade:

    eMudhra:
    India's largest licensed certifying authority will make its debut at the bourses on today. The company sold its Rs 412.79 crore initial public offering (IPO) in a the range of Rs 243-256 apiece between May 20-24. The issue was overall subscribed 2.72 times.

    Bharat Dynamics: The state-owned defence company has inked a contract worth Rs 2,971 crore with Ministry of Defence for supply of ASTRA MK-I Beyond Visual Range (BVR) air to air missile and associates equipments to Indian Air Force & Indian Navy.

    Bata India: The parent company of footwear maker is to sell 2.8 per cent stake via block deal. floor price at Rs 1,750 per share (6.8 per cent discount to current market price). Deal size would be Rs 630 crore. JP Morgan is the merchant banker for the deal and the stake will have a lock in of 90 days post block deal.

    GOCL Corporation
    : The Hinduja Group firm said it has concluded sale of 32 acres of land at Kukatpally, Hyderabad for Rs 326.80 crore.The company informed that sale of 32 acres out of 44.25 acres of land has been concluded for a sale consideration of Rs 326.80 crores and the company has received consideration for the same.

    HFCL: The domestic telecom gear maker said it has bagged an order worth Rs 237.25 crore from a private telecom operator for supplying optical fibre cables. The company, however, did not disclose the name of the customer. The order is to be executed by October 2022.

    Hitachi Energy India: The utility firm announced the reappointment of N Venu as its Managing Director and CEO. He has been re-appointed for a term of five years commencing December 2, 2022.

    Religare Enterprises: The NBFC and its subsidiary Religare Finvest settled with markets regulator Sebi a case pertaining to alleged financial mismanagement and diversion of funds after collectively paying Rs 10.5 crore towards settlement fees.

    Campus Activewear: The recently listed shoemaker reported over three-fold increase in its consolidated net profit at Rs 39.60 crore for the fourth quarter ended March 2022. It had posted a net profit of Rs 10.01 crore in the January-March quarter a year ago.

    Rail Vikas Nigam: The joint venture of the railway firm RVNL - Bhartia has received Letter of Acceptance (LoA) from Northeast Frontier Railway for construction of single line BG tunnel. The total estimated cost of the project is Rs 560.26 crore.

    Dhanuka Agritech: The agro-chemicals firm introduced two new products -- one herbicide and one fungicide -- in India for the first time for maize and tomato crops. The two products - Cornex and Zanet -- have been launched in Maharashtra and will soon be made available in other parts of the country.

    Nxtdigital: The Hinduja group firm and Thaicom have signed a memorandum of understanding to form a strategic partnership to enter the broadband-over-satellite market and related services in India. The agreement envisages a partnership that includes deployment of broadband-over-satellite (BoS) systems on India-focused capacity.

    Venus Remedies: Promoter Pawan Chaudhary acquired 1.26 lakh equity shares in the company via open market transactions. His shareholding in the company stands increased to 12.82 per cent, up from 11.87 per cent earlier.

    Mallcom India: The protective gear maker reported an 11 per cent drop in its consolidated net profit to Rs 9.26 crore for the quarter ended March 2022. The company had clocked Rs 10.43 crore net profit a year ago.



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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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