Key Stocks Under Focus: Oil Companies, Wipro, Tata Power, Max Healthcare & More

  • Stock Market News
Key Stocks Under Focus: Oil Companies, Wipro, Tata Power, Max Healthcare & More
Credit: © Reuters.

By Malvika Gurung -- Wipro (NS: WIPR ): The IT major has bagged a multi-year contract from the UK Govt agency HM Treasury to deliver them service integration and management (SIAM) services.

Oil Companies: Windfall tax on the export of diesel has been raised to Rs 7/L and reinstated on jet fuel exports. The tax on domestically produced crude oil has been lowered.

JSW Steel (NS: JSTL ): The merger proposal of Creixent Special Steels and JSW Ispat into JSW Steel has been given a green signal by the competition regulator Competition Commission of India.

Tata Power (NS: TTPW ): Subsidiary Tata Power Renewable Energy has raised Rs 2,000 crore via the issuance of 83.6 million equity shares to GreenForest New Energies Bidco.

RBL Bank (NS: RATB ): The private lender has offloaded an additional 2.77% stake in the machinery industry company Kilburn Engineering.

Max Healthcare (NS: MAXE ) Institute: HDFC Asset Management Company (NS: HDFA ) acquired a 0.4% equity stake in the healthcare company through open market transactions on Aug 16, raising shareholding from 4.78% to 5.18%.

Metropolis Healthcare (NS: METP ): The company’s CEO Vijender Singh has resigned from the position, with Aug 17 as his last serving day, while a Talent Search Agency has been appointed by the health chain for starting the process of CEO hunt.

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