Stocks in News: Wipro, Infosys, Lupin are key counters to watch out for today- here is why!

Indian stock markets on Thursday closed higher for the third day in a row, making investors wealthy as BSE-listed companies’ market-capitlisation gained by nearly Rs 11 lakh crore in the last three days. 

Both the benchmark indices – Sensex and Nifty50 – gained around 1.5 per cent at the close. Financial segment witnessed maximum buying along with auto and FMCG stocks during Thursday’s session.  

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The market's optimism has been fuelled by the prospect of a favourable outcome from the Russia-Ukraine talks and BJP's strong showing in the state elections, market analyst Mohit Nigam, Head - PMS, Hem Securities said. 

Stocks such as Wipro, Infosys, Indraprastha Gas, Colgate-Palmolive, Lupin, Reliance Infra, Shriram Transport Finance Corporation among others are in focus on Wednesday amid corporate actions and news related to these counters.  

Stocks in News 

Wipro and Pandorum Partner to accelerate Regenerative Medicine with AI. Use of Wipro Holmes Artificial Intelligence capabilities will lead to faster development of advanced therapeutics, improving patient outcomes 

Infosys gets multi-year order from International Tennis Hall of Fame 

Indraprastha Gas gets city gas rights at three areas in Uttar Pradesh 

Lupin Diagnostics has launched its first Reference Laboratory in Kolkata. The laboratory capabilities to conduct tests in molecular diagnostics, cytogenetics, flow cytometry, histopathology, cytology, microbiology, serology, haematology, immunology and routine biochemistry. 

Colgate-Palmolive: Nomination & Remuneration Committee identifies Prabha Narasimhan as MD & CEO of Colgate-Palmolive (India) Limited & recommended her name to Board for her appointment effective September 1, 2022.   

Reliance Infra: Delhi High Court directs for payment of arbitral award due to the company in the case against DMRC. High court holds that DMRC is bound to use its funds for repayment and directs DMRC to pay arbitration award dues by May 31, 2022. 

Shriram Transport Finance Corporation: The ex-date of interim dividend of Rs 12 per share is scheduled on Friday.