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    Stocks in the news: Linde India, Vedanta, Wipro, Indus Towers and IndiGo

    Synopsis

    Linde India, KSB, Vesuvius India and Money Masters Leasing & Finance are the companies that will announce their earnings for quarter ended on December 31, 2021.

    Ahead of Market: 12 things that will decide stock action on WednesdayGetty Images
    Stocks in buzz: Maruti Suzuki, Power Grid, Dabur, TVS Motors, Sanofi, L&T Finance, Ujjivan SFB, Welspun, IndiaMart and more
    Nifty futures on the Singapore Exchange traded 242 points, or 1.42 per cent lower at 16,854, signaling that Dalal Street was headed for a negative start on Thursday. Here are a dozen stocks which may buzz the most in today's trade:

    Linde India, KSB: Linde India, KSB, Vesuvius India and Money Masters Leasing & Finance are the companies that will announce their earnings for quarter ended on December 31, 2021.

    Maruti Suzuki India: The country's largest carmaker expects its sales momentum to continue with gradual improvement in the semiconductor supplies and demand situation remaining robust in the domestic market.

    Wipro:
    The leading global information technology, consulting and business process services company, announced its global partnership network of o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making.

    Power Grid Corporation of India: The board of state-run power player has approved the transfer of 26 per cent residual equity in POWERGRID Vizag Transmission Ltd to PGInvIT.

    Vedanta: The Anil Agarwal led miner said its board will meet on March 2 to consider and approve third interim dividend for the current financial year. The board of directors of the company on Wednesday, March 2, 2022, will consider and approve third interim dividend on equity shares, if any, for the financial year 2021-22,.

    Indus Towers: British telecom giant Vodafone Plc is in discussions to sell around five per cent stake in telecom infrastructure company Indus Towers to Bharti Airtel. It is also planning to sell 2.4 per cent stake worth Rs 1,490 crore in Indus Towers through a block deal on Thursday.

    Interglobe Aviation: The budget-carrier IndiGo expanded its regional flights network, adding services to Pantnagar in Uttarkahand from Dehradun and to Delhi, starting March 27, according to a statement released.

    Piramal Enterprises: The board of the diversified firm will meet on Monday, February 28, to consider fund raising plans via issuance of non-convertible debentures, aggregating to Rs 400 crore.

    Lupin: The drug maker said it has appointed Fabrice Egros as President, Corporate Development and Growth Markets. Egros takes over the corporate development role from Alan Butcher who is departing from the company on February 28, 2022.

    Dabur India: The FMCF major announced a partnership with Indian Oil Corporation, as part of which the state-owned refiner's LPG distributors will become retail business partners for the homegrown FMCG major. This partnership will provide direct access to Dabur's range of products to around 14 crore Indane LPG consumer households across India.

    TVS Motor Company: The two wheeler manufacturer said it has crossed the 10-lakh two-wheeler export milestone in the current financial year. The company said it has achieved this significant export milestone in a financial year for the first time.

    Welspun India: The textile player said it plans to raise Rs 500 crore by issuing non-convertible debentures (NCDs) or commercial papers on a private placement basis. Its board approved raising of funds, by way of the private placement, inter alia, by issuing NCDs or commercial papers, subject to the approval of the shareholders.

    Indiamart Intermesh:
    The B2B e-commerce will acquire 26 per cent stake in industrial e-commerce firm IB Monotaro for Rs 104.2 crore. Pursuant to this transaction, Japan-based Monotaro will hold a 51.6 per cent stake in IB Monotaro while Emtex Engineering, representing the promoter group and early investors, will hold a 22.4 per cent stake.

    Butterfly Gandhimathi Appliances: The electrical consumer durables company Crompton Greaves Consumer Electricals announced to acquire a majority stake of 81 per cent in the kitchen appliance player Butterfly Gandhimathi Appliances for a total consideration of Rs 2,076 crore.

    Ujjivan Small Finance Bank: The small finance lender said it will seek shareholders' approval to raise up to Rs 600 crore as equity capital by issuing shares to qualified institutional buyers in order to meet the regulatory requirements for amalgamation with its parent company.

    L&T Finance Holdings: Citigroup Global Markets and CBNA London offloaded 4.88 per cent stake of the company to slash its stake to 3.9 per cent currently, from 8.75 per cent earlier.

    Sanofi India: The drug maker reported a 27 per cent fall in the net profit to Rs.90.4 crores for the period ended December 31, 2021 as against net profit of Rs.123 crores for the period ended December 31, 2020. The company board announced a dividend of Rs 181 and a special dividend of Rs 309 per share.

    Spandana Sphoorty Financial:
    The Microfinance lender said it would like to complete its proposed Rs 300-crore fundraising by March and that its promoter Kedaara Capital and and a significant long-term shareholder Valiant would subscribe to the shares in the preferential allotment at Rs 459 per share, which is at a 20.5 percent premium.



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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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