Top stocks in focus: Wipro, Heranba Industries, Unichem Labs, Laurus Labs, ISGEC Heavy Engineering

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

March 05, 2021 8:38 IST

Wipro signed an agreement to acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in America, Europe and the Asia Pacific.

Heranba Industries is slated to list its shares on bourses on March 5; the issue price has been fixed at Rs627 per share.

Unichem Labs has received ANDA approval for its Guanfacine tablets, from USFDA to market a generic version of TENEX (Guanfacine) tablets of Promius Pharma LLC. Guanfacine tablets are indicated in the management of hypertension.

Dr Satyanarayana Chava, Founder Promoter, CEO & ED, sold shares worth Rs191.67cr of Laurus Labs and Nagarani Chava, one of the promoters of the company sold shares of Rs66.04cr. Significant part of the amount will be utilised to release the pledge on their equity shares of the company.

ISGEC Heavy Engineering received order for waste heat recovery boilers from Shree Cement.

Aditya Birla Sun Life Mutual Fund reduced stake in the Nitin Spinners to 3.03% from 5.07% via open market sale.

Sintercom India has completed the raising of funds on a preferential private placement basis in the form of equity shares and compulsory convertible debentures (CCDs) from one of its promoters Miba Sinter Holding GmbH & CO KG (Miba), for an aggregate amount of approximately Rs222 million.