The Benchmark indices ended higher for the eighth straight session on Thursday, logging new record closing highs amid strong global market trends. Gains were added by buying IT stocks. Sensex climbed 184.54 points or 0.29 per cent to end at 63,284. It was a new record closing high. During the day, it climbed 483.42 points or 0.76 per cent to 63,583. It had its lifetime intra-day peak on 07. The Nifty was up 54.15 points or 0.29 per cent to 18,812 at the end of the day. It has now hit 50, its new record closing high.
Here is a look at stocks that are likely to remain in news today.
Orchid Pharma: The board of directors of the company has approved raising 500 crore from institutional investors. The board has cleared a Qualified Institutional Placement programme to raise 500 crore. In 2018 the Dhanuka group took over the company.
Wipro: The industrial automation business of Wipro Infrastructure Engineering has inked a definitive agreement to acquire Linecraft.ai, a Pune based Industrial Internet of Things IoT product startup in the manufacturing sector.
The lender has allotted 15,000 long term fully paid up non- convertible bonds with a face value of Rs 10 lakh each, on private placement basis. The tenor is 7 years from the date of the allotment and the coupon rate is 7.63 per cent per annum.
According to Vijay Shekhar Sharma, the company's founder and CEO believes that the blended net payment margin will be stable at 5 to 7 basis points and will increase the share of UPI in the payment business. Payment revenues are defined as less payment processing charges.
The Reserve Bank has granted the permission to own up to 9.99 per cent of the private sector, according to YES Bank: Private equity majors The Carlyle Group and Advent. The two PE funds expressed an intent to pump in over Rs 8,000 crore in the YES Bank in July this year. A regulatory number is required to have more than 5 per cent in a bank.
Phoenix Mills: The developer and operator of shopping malls, Phoenix Mills opened a new shopping mall in Indore with an investment of 800 crore. The Phoenix Citadel Mall, located over 19 acres, is the largest facility in the country.
Bandhan Bank: Plutus Wealth Management purchased 90 lakh shares of the lender at an average price of Rs 235.65 apiece, for Rs 212.08 crore through an open market transaction, according to the bulk deal data available with the NSE.
Piramal Enterprises: The non-banking finance company has received a nod for allotment of 1,000 non- convertible debentures with a face value of Rs 10 lakh, at a further issue price of Rs 10,39, 670 per debenture. The company will raise Rs 103.967 crore on private placement basis.
Punjab National Bank: The public sector lender has raised 4,000 crore by issuing bonds at a coupon of 7.89 per cent per annum on a private placement basis. The bank issued bonds to 18 investors.
SJVN: The state-owned utility player said that its arm SJVN Green Energy and Grid Corporation of Odisha will form a joint venture to develop a 1,000 MW hydroelectric project and 2,000 MW solar project with an investment of Rs 20,000 crore.
The company will buy back 10.09 lakh shares with a face value of Rs 10 each, representing 3.70 per cent of the total paid-up equity share capital of the company as of March 31, 2022.