Stocks to watch today: Wipro, InterGlobe, Astral, Paras Defence and more

Stocks to Watch: Before the market opens, take a look at the companies making headlines.

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The larger Indian index is forecast to open in red with a loss of 140 points, based on movements in the Singapore Exchange Nifty.

For the fourth day in a row, the benchmark indices kept moving inside the trading range of August 30. The Nifty50 dropped 10 points to 17,656 and created a small-bodied bearish candle on the daily charts as the BSE Sensex dropped 49 points to 59,197.

Stocks to watch today:

Wipro: In order to provide managed security and network transformation solutions like SASE (secure access service edge), cloud security, and next-generation SOC (security operations centre) solutions based on Zero Trust principles for global enterprises, the IT services company has expanded its collaboration with Palo Alto Networks.

Astral: The business has acquired authorization from NCLT to merge its subsidiaries Resinova Chemie Limited and Astral Biochem Private Limited. As a result, as of September 6, the Scheme of Amalgamation is in force.

Paras Defence and Space Technologies: The company and ‘ELDIS Pardubice’ s.r.o., in the Czech Republic, have signed an exclusive teaming arrangement. They are designed to deliver complete anti-drone equipment to India’s civil airports.

InterGlobe Aviation: InterGlobe Aviation welcomes Petrus Elbers as its new CEO. With effect from September 6, Petrus Johannes Theodorus Elbers has assumed the position of Chief Executive Officer.

Salasar Techno Engineering: The company said that its Fund Raising Committee of the Board has approved the allocation of 3 crore equity shares to QIBs at a price of Rs 27.30 per share, putting the stock in the spotlight. Through this issuance, the business raised Rs 81.9 crore.

Zuari Industries: To build and operate a biofuel distillery, the company has signed an MOU with Zuari Envien Bioenergy and Envien International, both of Malta. The business will investigate both organic and inorganic commercial potential in India’s biofuel industry.

Dreamfolks Services: Via open market transactions, the 3,03,446 equity shares of the company were acquired by Mirae Asset India Small-Midcap Focus Equity Master Investment Trust. The average cost per share paid for these shares was Rs 471.51.

Hatsun Agro Product: In open market transactions, promoter Raja Ganesan Chandramogan sold 27.20 lakh equity shares, or 1.26 percent of the firm, at an average price of Rs 987.8 per share.

Syngene International: At an average price of Rs 560.04 per share, promoter Biocon sold 2,17,89,164 equity shares, representing a 5.4 percent ownership in the business. However, at an average cost of Rs. 560 a share, ICICI Prudential Mutual Fund purchased 28,28,510 equity shares.