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Stocks in Focus: RVNL, Wipro, Infosys and Others

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The GIFT Nifty futures were trading in the green before the market’s opening on Tuesday. Indices are expected to open on a similar positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex recorded fresh highs on Monday, with the former settling just 3 points short of the 21,000 mark. Nifty added 27.70 points or 0.13% to settle at 20,997.10, while Sensex ended at 69,928.53, up 102.9 points or 0.15%.

Here are some stocks to watch on December 12.

Infosys: The board of the country’s second-largest software services exporter has appointed Jayesh Sanghrajka as the chief financial officer (CFO) with effect from April 1, 2024, replacing Nilanjan Roy. 

Capri Global Capital: The Insurance Regulatory and Development Authority of India (IRDAI) has given a Corporate Agency license to the company to set up its insurance business.

Dixon Technologies: The company’s wholly-owned subsidiary, Padget Electronics, has bagged a contract from Lenovo to manufacture laptops and notebooks under the Production-Linked Incentive (PLI) 2.0 Scheme. 

Wipro: The technology services and consulting company has supported Marelli Electronic Systems, a mobility technology supplier to the automotive sector, in the development of its Cabin Digital Twin, enabling Original Equipment Manufacturers (OEMs) to introduce connected vehicle services to the market quickly, the company said a press release. 

Jammu & Kashmir Bank: The lender has launched its qualified institutional placement to raise Rs 750 crore with a floor price pegged at Rs 112.66 per share. The company’s board meeting is scheduled on December 14 to decide on the issue price. 

Mankind Pharma: The company will reportedly see a Rs 4,935 crore block deal of 7.9% equity by Beige Investment, Link Investment Trust, Cairnhill CIPEF, Cairnhill CGPE, and Hema CIPEF at around 7% discount to the last traded price.

Rail Vikas Nigam Ltd (RVNL): The railways company has emerged as the Lowest Bidder for a Rs 543 crore order from Madhya Pradesh Metro Railway Corporation for ‘Part Design and Construction of Elevated Viaduct, Five Elevated Metro Rail Stations and Ramp for the Indore Metro Rail Project.

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