Actions to consider: UPL, Canara Bank, IRCTC, Wipro, Ircon Int’l, PNC Infratech

At 08:38 AM, Nifty futures on the Singapore Stock Exchange (SGX) were trading 2.75 points, or 0.02 percent higher at 13,524.50, indicating a flat start for the Indian market on Friday.

Here is a list of actions that can stay focused today.

UPL: UPL’s actions will continue to be the focus of attention on Friday after management clarified that the matter raised by a whistleblower was an old matter and was reported to the audit committee in 2017. After an independent investigation, the matter was closed, said.

PNC Infra: PNC Infratech Limited in Joint Venture with SPML Infra, has announced the receipt of Letter of Acceptance (LOA) for a 10-year EPC project of the Rural Water Supply Project in 952 villages in the Devipatan Division of Uttar Pradesh. The approximate value of the project is Rs 952 million.

Ircon International (IRCON) has been awarded Gurgaon-Palaud upgrade work, -Rewari Section of NH-352W (46,110 km design length) 35 feeding routes in Haryana state in hybrid annuity mode valuing Rs. 900 crore at a Competitive bidding by National Highways Authority of India (NHAI).

SpiceJet: No-frills airline SpiceJet announced on Thursday its partnership with Om Logistics for the transportation of the Covid-19 vaccine.

TVS Motor Company: The $ 8.5 billion TVS group decided Thursday to opt for a restructuring by giving each family group full ownership of the companies they run and eliminating the parent company. There will be no cross-holdings, the family agreed, under the new terms. READ MORE

Gayatri projects has received three Letters of Award (LOA) for pipeline drinking water plans from Namami Gange and the Department of Rural Water Supply in Uttar Pradesh for a total value of Rs 1,332.00 crore.

Prince pipes announced on Friday the launch of Prince Storefit water tanks in Rajasthan, Haryana and Maharashtra as part of the company’s introductory range of water storage solutions. Storefit water tanks have recently received the ISI quality certification.

Canara Bank: Canara Bank, managed by the state, said on Thursday that it approved the issue price at Rs 103.50 per share for its Qualified Institutional Placement (QIP) to raise Rs 2,000 crore.

Wipro: Wipro’s Industrial Automation Division has signed an agreement to acquire Precision Automation and Robotics India (PARI), moving forward to meet its goal of being among the world’s leading automation companies.

IRCTC: IRCTC’s offer to sell received a good response from non-retail investors yesterday, as the issue was subscribed almost twice on the first day. Retail investors will have the opportunity to bid on the OFS today, which is the last day for issuance.

TCS: The IT chief announced Thursday that it has expanded its business operations in Austin, Texas with the construction of a new facility, doubling its presence to more than 400 professionals in the city.

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