Wipro, DLF, Ashok Leyland: Stocks to watch on Wednesday

Stocks to watch on Wednesday, February 21:At 8:38 am, Gift Nifty futures traded higher by 0.14 per cent or 30.3 points at 22,247.5, indicating positive opening for the markets.

Benchmark Sensex jumped 349 points while Nifty scaled a fresh lifetime high on the sixth straight day of gains on Tuesday (February 20), driven by buying in banking and select FMCG shares.

The 30-share BSE Sensex reversed its early losses and closed higher by 349.24 points or 0.48 per cent at 73,057.40 in a volatile trade. As many as 18 Sensex shares closed in the green while 12 settled in the red. The broader Nifty of the NSE rose further by 74.70 points or 0.34 per cent to close at a new record level of 22,196.95.

Here are some stocks that will be in the spotlight on Wednesday, February 21:

Results on February 21: Foseco India, Rain Industries, and Sanofi India will announce their October to December quarter numbers.

Wipro: The IT firm and IBM expanded their partnership and launched Wipro Enterprise Artificial Intelligence (AI)-Ready Platform, a new service that will allow clients to create their enterprise-level, fully integrated, and customised AI environments.

DLF: DLF Home Developers Limited (‘DHDL’), a subsidiary of the company, entered into a settlement agreement with Axis Trustee Services Limited for the acquisition of land parcels, measuring 28.49 acres in Gurugram, Haryana. The total consideration of the deal stands at Rs 1,241 crore.

Ashok Leyland: The Indian flagship of the Hinduja Group will set up a new integrated commercial vehicle plant focused on green mobility in Uttar Pradesh. 

Variman Global Enterprises: Variman Global Enterprises Limited and Joist Innovation Park (Greece) have formed a Joint Venture (JV) V JOIST INNOVATION PRIVATE LIMITED in India. 

In the JV, Variman Global Enterprises Limited holds a 51 per cent stake, while Joist Innovation Park holds a 49 per cent stake. 

The joint venture is forecasting the opening of 30 VJOIST Innovation parks in India. As part of this vision, VJOIST has signed an MOU with Adani University to take it forward. 

Elantas Beck (India): The company's board approved a final dividend of Rs 5 per fully paid-up equity share for the financial year ended December 31, 2023.

Hindalco: The company's US-based subsidiary Novelis has applied for an IPO with the US Securities.

ABB: For Q3, the company posted mixed results, with margins and PAT above estimates. The company recorded the highest-ever Q4 revenue in the last 5 years.

Union Bank of India: The board of the bank has approved raising Rs 3000 crore via the QIP route.

Devyani International: The public shareholder  Yum Restaurants India may divest its entire 4.4 per cent stake in the company. The floor price of the deal is pegged at 7.45 per cent discount to the current market price at Rs 153.5 per share.

Swan Energy: The residential/ commercial projects company has opened its QIP for aggregating Rs 4000 crore capital. 

Varun Beverages: The bottling major's Beverages Morocco SA and Premier Nutrition Trading L.L.C. Dubai ( Pepsico subsidiary)  have inked an agreement. The company in Morocco has signed an agreement for the manufacturing of Cheetos KI and packaging. 

Wipro: The company has expanded its agreement with IBM and has launched the Wipro Enterprise AI-Ready platform.

Vedanta: The SC will hear the matter related to the company's Tuticorn plant today.

Whirlpool of India: After Whirlpool Mauritius sold 3.03 crore shares in the entity, SBI Mutual Fund and other 5 entities including Aditya Birla Sunlife Mutual Fund and others bought stake.

(With inputs from agencies.) 

Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.