Top 10 Stocks To Watch Today: Infosys, Wipro, Bharti Airtel, BoM & More

During the trading session of Friday, here are the top 10 stocks to watch today.

Bharti Airtel

"We wish to inform you the change in senior management of the Company on account of resignation of Mr. Abbas A. Rangawala, Group Head - M&A and Business Development w.e.f. September 14, 2023," said Bharti Airtel in a stock exchange filing on Thursday.

Infosys

According to a regulatory filing, Infosys has inked a Memorandum of Understanding with a global company to provide enhanced digital experiences, along with modernization and business operations services, leveraging Infosys platforms & AI solutions. The total client target spends over 15 years is estimated at USD 1.5 Bn. This is subject to parties entering into a Master Agreement.

GMM Pfaudler

On September 14, 2023, GMM Pfaudler Ltd and GMM Pfaudler US Inc. signed into an agreement for the acquisition of the entire share capital of Professional Mixing Equipment Inc. (hereafter referred to as "MixPro"). The acquisition of MixPro will be completed by October 2023 and will cost a total of USD 7 million. Internal accruals will be used to finance the deal. MixPro is a Canadian company with headquarters in Brampton that creates cutting-edge mixing solutions for a variety of industrial applications.

Bank of Maharashtra

For its offering of Basel III Compliant Tier 2 Bonds on a private placement basis, which ended on September 14th, the bank got bids totaling Rs. 760 crore. Additionally, the bank accepted an offer of Rs. 515 crore (containing the Rs. 250 crore base issue and the Rs. 265 crore green shoe option retained) at a coupon rate of 7.98%. 18.09.2023 has been set as the date of allotment.

Siyaram Silk Mills

The company on Thursday increased the buyback price from Rs 650/- per equity share to Rs 720/- per equity share. "The maximum number of Equity Shares proposed to be bought back by the Company has been reduced from 16,61,530 (Sixteen Lakhs Sixty One Thousand Five Hundred Thirty) fully paid-up Equity Shares to 14,99,992 (Fourteen Lakhs Ninety Nine Thousand Nine Hundred Ninety Two) Equity Shares representing 3.20% of the total number of Equity Shares of the Company," said Siyaram Silk Mills in a stock exchange filing.

Bharat Forge

In order to produce a wider variety of armoured vehicles for Paramount's international clients, the leading aerospace and technology company with its headquarters in the UAE, Paramount, has expanded its manufacturing and development partnerships with the Indian industrial conglomerates Bharat Forge Ltd. and Kalyani Strategic Systems. Up until this point in time, the existing business relationship between Paramount and the Indian engineering and technology conglomerate Bharat Forge Ltd. and its subsidiary, Kalyani Strategic Systems, has successfully led to the development and production of a sizable number of locally produced KM4 armoured vehicles for the Indian Army.

Neelesh Tungar, President - Defence, Bharat Forge Ltd, expressed, "We at Kalyani Strategic Systems have come a long way in developing and scaling-up our manufacturing of world class defence plaƞorms and reliable specialist vehicle plaƞorms with our deep technical and industrialization expertise. This continuing and growing partnership with Paramount substantiates the fact that the world considers India being ready to be "the manufacturing capital" for the global defence industry. We are committed to take this successful partnership to further greater heights, supporting the ability of Paramount to serve its global customers.

Strides Pharma

The United States Food & Drug Administration (USFDA) has given its provisional clearance for Dolutegravir 50mg tablets to Strides Pharma Science Limited (Strides), a stepdown fully owned subsidiary based in Singapore. The product is medically and bioequivalently equivalent to ViiV Healthcare Company's Tivicay Tablets, a Reference Listed Drug (RLD). The authorization brings the total number of medications approved by Strides under the PEPFAR route to 13 products. The market opportunity for the Dolutegravir 50 mg tablet in the US is $1,345 million per IQVIA. The products will be manufactured in Bengaluru at the company's factory.

Wipro

The Famous Project, a sailing competition that gathers the top female professional sailors from around the world to compete for the prestigious Jules Verne Trophy-a prize for completing the planet's fastest circumnavigation and one of the toughest ocean challenges in the world-has announced Wipro Limited's partnership with it. Alexia Barrier (FRA), a well-known offshore skipper, is the captain of the Famous Project crew. Over the course of her 20-year career, she has completed the Vendée Globe, a prestigious solo, non-stop race, and no less than 18 Atlantic crossings.

Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited, said "The Famous Project is the first of its kind, and therefore unique. This all-women crew of expert sailors will create history and pave the way for many more. We are proud to support this extraordinary project that reflects Wipro's spirit of bold ambition".

Patel Engineering

Patel Engineering Limited along with its joint venture partner has been declared lowest Bidder (L1) for an irrigation project of Rs. 249.96 crore from Maharashtra Krishna Valley Development Corporation. The Nira Deoghar Right Bank Main Canal Km 66 to Km 76 Pipe Line Distribution Network Construction Project has been awarded a contract of Rs. 249.96 crore by Maharashtra Krishna Valley Development Corporation, Pune to Patel Engineering Limited, a Mumbai-based infrastructure firm. The project is expected to be finished in 30 months. The said project is located in the state of Maharashtra, Village - Waghoshi to Kapadgaon, Taluka -Khandala, District - Satara and the project is to be executed in a Joint Venture, of which PEL's share is 40%, according to a stock exchange filing.

PI Industries

Koppert and PI Industries Ltd. (PI) have joined forces in a strategic agreement to promote improvements in sustainable agriculture agenda and co-innovate in the field of agriculture biologicals. Commenting on the occasion Mr. Mayank Singhal, Vice Chairperson and Managing Director, PI Industries Ltd. said, "We take great pleasure inking this understanding in the presence of the (demissionary) Honourable Prime Minister of the Netherlands, Mr. Mark Rutte.

With a very apparent requirement to ensure food security, the importance of joint biological portfolio development cannot be emphasized more. This partnership towards development and practice of sustainable agriculture perfectly captures the hopes and aspirations of global communities".

Sharing his views on the development, Mr. Henri Oosthoek, Advisory Board member of Koppert added, "Biological crop protection is at the forefront of reshaping agriculture. By harnessing the power of nature and science, both partners aim to work towards sustainable agriculture, ensuring resilient crops, healthier soil and a safer environment. This alliance will amplify ourshared commitment towards innovation, research, and the proliferation of sustainable practices within the agricultural sector."