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Buzzing Stocks… with EZ Wealth – September 21, 2021
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Adani ports (stock down 0.26%): Nearly 3,000kg of heroin originating from Afghanistan was seized from the Adani-operated Mundra port in Gujarat on September 16. Valued at Rs 15,000 crore, the 3 tonnes of contraband are said to be the single largest such consignment netted anywhere in the world in recent memory
Bhansali Engineering Polymers (stock up 7.07%): The company has received environmental clearance from the government for expansion of High Rubber Graft (Rubber Rich ABS) unit from 15,000 TPA to 50,000 TPA for company’s Satnoor Plant located at Chhindwara in Madhya Pradesh
Infosys (stock up 0.70%): The company has collaborated with ServiceNow, a digital workflow company, to provide enterprise-level service management for customers in manufacturing industries. Infosys will leverage its industry cloud blueprints, part of Infosys Cobalt, and deploy ServiceNow Operations Technology Management
KEC International (stock up 1.09%): The company has secured new orders of Rs 1,157 crore across its various businesses
Mphasis (stock up 1.35%): Mphasis acquires Blink UX – a user experience research, strategy, and design firm
MTAR Technologies (stock up 2.13%): The company has received NADCAP certification for its 100% Export Orient Unit and Unit 5 in Telangana
Surya Roshni (stock up 5.42%): The company has received order of Rs 41.22 crore for implementing of smart LED streetlights and installation of centralised monitoring system with operation and maintenance for 7 years from Greater Noida Industrial Development Authority
Tata Motors (stock up 2.37%): The Company has decided to increase prices of its commercial vehicle range by around 2% with effect from October 1, in order to offset the impact of rising input costs
Torrent Power (stock up 0.22%)to acquire Surya Vidyut at Enterprise Value of Rs 790 crore. The company has entered into a Share Purchase Agreement with CESC, Haldia Energy and other nominal shareholders for the acquisition of 100% of the share capital of Surya Vidyut, a wholly owned subsidiary of CESC. The acquisition is expected to be completed within 60 days. Surya Vidyut operates 156 MW Wind power plants, spread across the states of Gujarat, Rajasthan and Madhya Pradesh
Zee Entertainment (stock up 18.07%): Zee Entertainment approves in-principle merger with Sony Pictures India
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