Thursday, 31 August 2017

Stock Limelight: Wipro, RIL, Tata Motors, Maruti Suzuki will be in focus today

Benchmark indices, on Thursday, are trading on sluggish move, while broader markets are continuing its trade in positive territory. These stocks will be in limelight today after major announcements:

Software major Wipro, has announced its shareholders approved the company’s Rs,11000.00 crore buyback proposal. About 99.68 percent of the votes being cast in the support of the buyback offer.

India’s largest publicly traded company Reliance (RIL) has announced that the company will make an offer for issuing NCDs worth Rs 2,500 crore next week. It has proposed to make an offer for issuance NCDS on a private placement basis on Monday 4 Sept 2017aggregating Rs 2500 crore to be listed on the stock exchanges.

The stocks of car companies will be in focus today which includes Tata Motors, Maruti Suzuki and Mahindra & Mahindra. Car prices had dropped by up to Rs 3.00 lakh subsequent on the implementation of the GST from July 1.

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