Stocks in Focus on April 11: Wipro, Airtel and Welspun Corp; here are the 5 newsmakers of the day
Key equity indices, Sensex and Nifty, witnessed steep decline on Wednesday after the International Monetary Fund (IMF) lowered global economic growth outlook to 3.3 per cent for this year.
Key equity indices, Sensex and Nifty, witnessed steep decline on Wednesday after the International Monetary Fund (IMF) lowered global economic growth outlook to 3.3 per cent for this year from the previous level of 3.5 per cent in its latest World Economic Outlook (WEO). However, there were certain stocks that made news after the market was closed for the day and can have an impact on the market during the trading session on Thursday, April 11, 2019. Here is a list of five such stocks:
Wipro: The stocks of the large cap IT firm will remain in focus today as the company in its regulatory filing on Wednesday said that it will consider a proposal for buyback of equity shares at its meeting on April 16, 2019. This would be the firm’s third buyback in three years.
Jet Airways: The airline company will remain in focus as the State Bank-led consortium of lenders on Wednesday extended the deadline for submitting bids for the cash-strapped Jet Airways by two days to Friday, April 12, 2019.
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Bharti Airtel: The telecom major has fixed April 24, 2019, as the record date for determining shareholders eligible to apply for its upcoming Rs 25,000 crore rights issue.
Wockhardt: The global pharmaceutical company has received approval from the United States Food & Drug Administration (US FDA) for an ANDA for 50mg injection of Decitabine, Dacogen, which is used to treat certain forms of cancer.
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Welspun Corp: The company in a statement to the bourses has said that it has received additional pipe orders for 180 KMT on a global basis. Of these additional orders, 136 KMT will be serviced from India, with a major portion to be executed from the new facility in Madhya Pradesh, and the balance mainly from the Americas.
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