Stocks to watch: Wipro, HPCL, Adani Ports, Reliance Industries, Hindustan Foods and more

As a result of their crossing 95% of the market-wide position limit, the NSE has included Delta Corp, Bhel, Indiabulls Housing Finance, Gujarat Narmada Valley Fertilizers & Chemicals, IRCTC, and PNB on the list of shares that are prohibited from trading on Friday under the F&O sector.

The top 10 stocks that will be the subject of today’s attention are listed below:

Wipro: Mazda Motor Logistics Europe has granted Wipro a multi-million dollar, five-year contract. The company disclosed in an exchange filing that it had been contracted to offer next-generation managed services across its entire application ecosystem. According to Mazda, their collaboration with Wipro would enable agile DevOps working methods, automate IT operations, and digitise procedures.


HPCL: On a private placement basis, Hindustan Petroleum Corporation Limited (HPCL) has authorised funding up to 10,000 Cr via NCDs. In a statement, HPCL said that as of the date of the approval, it had issued unsecured, redeemable, non-cumulative, non-convertible, taxable debentures of up to Rs. 10,000 crores on a private placement basis in the domestic market and/or in the international market for the purpose of refinancing existing borrowings and/or funding capital expenditures of the issuer, including cost recovery.

Adani Ports: On Thursday, the Adani group officially opened a warehouse facility at its Andhra Pradesh-based Gangavaram Port. The new facility, which is 11,000 square metres in size, can store 50,000 MTs. According to a press statement from the company, the warehouse will benefit the agricultural industry by making it easier to retrieve delicate goods like fertiliser and agricultural supplies like rice, maize, and sugar.

Reliance Industries: On Thursday, Reliance Consumer Products Ltd. announced the arrival of Independence, a locally produced CPG brand, in Gujarat. Staples, processed goods, and other daily necessities including sugar, pulses, biscuits, edible oil, flour, etc. are all sold by Independence under a variety of product categories. Consumers and kirana partners in the state have access to products manufactured under the brand.

Shriram Transport: The biggest NBFC in the country, Shriram Transport, announced today that its board would decide on an interim dividend and fundraising on December 24. For the fiscal year that ended in March 2022, Shriram Transport Finance Corporation issued a 200.00% equity dividend, or Rs 20 per share at a face value of 10. At the current share price of Rs.1,389.50, the dividend yield is 1.43%.

Zee Entertainment: Zee Entertainment Enterprises was the subject of an insolvency application filed by IDBI Bank on Thursday for starting a corporate insolvency resolution procedure (CIRP). According to a filing with the exchange by Zee, the lender has submitted the petition under Section 7, which permits a financial creditor to submit an application for starting CIRP against a corporate debtor before the adjudicating authority. One of the company’s major creditors, IDBI Bank, stated that it had submitted an application for insolvency and claimed a default of Rs.149 crore.

Kalpataru Power: For its T&D operations in India and abroad, Kalpataru Power Transmission reported receiving orders totaling Rs.1,397 crore in an exchange filing. “With these new orders, our YTD FY23 order intake has reached 15,784 Crores at a consolidated level. Additionally, we have a strong L1 position. This provides us with confidence to achieve our targeted growth going forward,” Manish Mohnot, Managing Director & CEO, Kalpataru Power said.

SJVN Ltd.: On Thursday, the Indian Renewable Energy Development Agency (Ireda) announced that it has signed a credit agreement with SJVN Green Energy for the financing of a 1,000 MW solar power project totaling Rs. 4,444.71 crore. According to the Ministry of New and Renewable Energy, “Indian Renewable Energy Development Agency Ltd. signed a historic loan deal for Rs. 4,444.71 crore with SJVN Green Energy (SGEL), a subsidiary of SJVN Ltd., for a 1,000 MW solar power plant at Bikaner, Rajasthan.

Hindustan Foods: In order to grow its healthcare and wellness business, Hindustan Foods Ltd. (HFL) said on Thursday that it has purchased the manufacturing plant of Reckitt Benckiser Health India Pvt. Ltd. in Baddi, Himachal Pradesh, for a cash consideration of Rs.156 crore. The company transfer agreement specifies a number of prerequisites that must be met for the transaction to go through. By the second part of 2023, the facility transfer is anticipated to be finished.

GMM Pfaudler: According to the terms of the sale, which were obtained by Mint, Pfaudler Inc., a promoter of the publicly traded company GMM Pfaudler Ltd., will sell the majority of its ownership in the business. Pfaudler Inc. is offering to sell 1.34 crore shares of the firm, or a 29.88% stake, for a floor price of Rs. 1,700 per share, which represents an 11.67% discount from the stock’s Thursday closing price.