Stocks in News: Today these stocks including Ambuja Cement, Tata Motors, Wipro, RITES will be in focus, action will be seen in intraday

Stocks in Focus Today :Today i.e. on 14th June 2024, some shares (Stocks in the News) are ready to show action. Due to positive triggers, these stocks can remain in focus in the market today (stocks to watch). If you are looking for better stocks in intraday, then you can keep an eye on these (Stocks in Focus). Today’s list includes stocks like Ambuja Cement, Vodafone Idea, Tata Motors, Wipro, RITES, Suven Pharma, LIC, Zaggle Prepaid Ocean, Franklin Industries, NALCO, Sterlite Technologies, Cupid.

Adani Group company Ambuja Cements announced the acquisition of Penna Cement Industries Limited (PCIL) at an enterprise value of Rs 10,422 crore. Both the companies have signed an agreement for this acquisition. Under this agreement, Ambuja Cements will buy 100% shares of the company from PCIL’s current promoter group P Pratap Reddy and family. The acquisition of Hyderabad-based Penna Cement will increase the cement production capacity of Adani Group by 14 million tonnes per annum.

Vodafone Idea

Vodafone-Idea announced the allotment of shares worth Rs 2458 crore to its vendors Nokia India and Ericsson India to pay partial dues. Vodafone Idea said that its board of directors has approved the preferential share allotment at a price about 35 percent higher than the company’s follow-on issue price. It comes with a ‘lock-in’ period of six months.

Tata Motors

Tata Motors’ Punch EV and Nexon EV have become the first electric vehicles to receive five-star Bharat New Car Assessment Program (Bharat-NCAP) rating. Road Transport and Highways Minister Nitin Gadkari posted on the social media platform ‘X’ that congratulations to Tata Motors for the five-star Bharat NCAP rating for Punch EV and Nexon EV.

Wipro

Wipro has announced a collaboration with Hewlett Packard Enterprise to launch GenAI solutions at Wipro Cloud Studio’s Kodathi office to serve clients globally. This will enhance operational efficiency and customer experience.

RITES

RITES has signed a Memorandum of Understanding with Delhi Metro Rail Corporation for cooperation in operation and management projects of metro railway systems. This will include rolling stock, depot management, station management, maintenance of railway infrastructure and others.

Suven Pharma

Suven Pharmaceuticals said it will acquire a 67.5 per cent stake in Hyderabad-based Sapala Organics for Rs 229.5 crore. Suven has entered into an agreement to invest in Sapala Organics. The company said it expects to complete the acquisition of the remaining equity stake in the target company after FY 2026-27, subject to the fulfillment of certain conditions.