Stocks To Watch

 Stocks To Watch

Wipro: To set up a digital innovation hub in Germany. The proposed hub will serve as the company's flagship hub in Europe and will offer digital transformation expertise to German companies.

Power Grid: Cabinet approves asset monetisation of subsidiaries through an Infrastructure Investment Trust. Proceeds from the asset monetisation can be utilised for fresh investments in the expansion of transmission network and other capital schemes. The company will be able to monetise five tariff-based competitive bidding assets worth Rs 7,164 crore in the first block.

Edelweiss: Arm Edelweiss Broking is exploring various alternatives to expand its client base and has entered into non-disclosure agreements with target entities.

Bharat Dynamics: Offer for Sale to non-retail investors gets 1.4 times the demand. The government will exercise the oversubscription option. The OFS for retail investors opens today with a discount of Rs 20 per share on the cut-off price.

IDBI Bank: Sells remaining 10.26 lakh shares or 0.21% stake in the National Stock Exchange of India.

NTPC: Signs pact to implement 27 solar projects overseas. To add another 5GW solar capacity over the next two years.

JSPL: The company in its annual report has stated that it is confident of producing 7-7.5 million tonnes of steel in FY21, implying a 15% volume growth for its standalone business. The report also said that the demand for long products may remain strong going ahead as the lockdown eases and government spending rises.

Indian Hume Pipe: Gets work orders worth Rs 134.8 crore from the government of Odisha for rural water supply projects.

Teamlease: Increased its stake in edu-tech company Schoolguru to 76.37% from 40%.

Happiest Minds Technologies IPO: Overall subscription of 8.4 times at the end of day 2. Institutional investor subscription at 0.47 times while non-institutional investor subscription at 3.96 times. Retail subscription at 38.85 times.

Route Mobile: IPO opens for subscription today. The company has raised Rs 180 crore from 15 anchor investors be allocating 51.43 lakh shares at Rs 350 per share. Anchor investors include Goldman Sachs, Franklin Templeton, SBI Mutual Fund, ICICI Prudential, Kuwait Investment Authority among others.

Non-Nifty Earnings Today: Eveready Industries, Indiabulls Ventures, Shriram EPC.