Top stocks in focus: 3i Infotech, Balkrishna Industries, RIL, Wipro, Tube Investments

7 Mar 2022 , 07:45 AM

3i Infotech: The company has bagged a work order from Rajasthan State Pollution Control Board (RSPCB). The work includes design, development, implementation and maintenance of integrated e-Governance Solution 2.0 for Rajasthan State Pollution Control Board. The total contract value is Rs12.85 crore.

Balkrishna Industries: The firm said it has successfully commenced commercial production of the brown field expansion and debottlenecking project at Bhuj plant ahead of schedule. This will result in increased production of tires up to 50,000 MTPA. The complete ramp-up in production is expected to be achieved in the next 6 months.

Reliance Industries Ltd. announced the opening of the country’s largest and most prestigious multi-faceted destination, the Jio World Centre. The Centre covers an expanse of 18.5 acres in Mumbai’s Bandra Kurla Complex, and is set to become an iconic business, commerce and culture destination, giving India and its citizens a world-class landmark.

Wipro: Designit, a Wipro company, and a leading global experience innovation firm, today announced the appointment of Nicolas (Nic) Parmaksizian as Chief Executive Officer (CEO).

Tube Investments of India: Subsidiary TI Clean Mobility acquired 70% stake in Cellestial E-Mobility. The Murugappa Group company in January 2022 had entered into share subscription and purchase agreement with Cellestial E-Mobility, for the said transaction.

PNB Housing Finance: The company will hold a board meeting on March 9 to consider fund raising.

Nazara Technologies: The mobile gaming company said its board has approved issuance of equity shares worth Rs25 crore to existing shareholders of Datawrkz Business Solutions. These shares will be issued on a preferential basis, at a price of Rs2,260 per share. Post completion of this acquisition, the company will hold 33% equity stake in Datawrkz Business Solutions Private Limited. Further, the company will be making an investment of upto Rs30 crore in its subsidiary Next Wave by way of subscription to further equity shares.

V-Mart Retail: SBI Funds Management through various schemes acquired 4.5% stake in the retail company via open market transactions on March 3. With this, its shareholding in the company stands at 8.76%, against 4.2% earlier.