Stock radar : Wipro, Zee Media, RITES, Purvankara, LIC, and others in focus

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Here's a quick look at the stocks that will be in focus on Friday due to significant investments and major deals announced by companies after-market hours on Thursday:

Wipro: The company announced a collaboration with Hewlett Packard Enterprise to launch a GenAI solution at the Wipro Cloud Studio’s Kodathi office to serve customers globally. This will enhance operational efficiency and customer experience.

Zee Media: The board approved the incorporation of a wholly-owned subsidiary of Zee Media. The subsidiary will launch digital and alternative media properties in the infotainment space.

RITES: The company signed an MOU with Delhi Metro Rail Corporation for collaboration in operations and management projects of metro railway systems. This will include rolling stock, depot management, station management, maintenance of railway infrastructure, and others.

Purvankara: The company's board has given approval to raise funds through QIP mode. The amount of the QIP will not exceed Rs 1000 crore and will be done in one or more tranches.

LIC: The company has increased its shareholding in Dr. Reddy’s Laboratories Limited from 4.95 percent to 5.01 percent.

Zaggle Prepaid Ocean: The company has entered into an agreement with Skydo Technologies Private Limited. The partnership will facilitate cross-border payments for Zaggle corporate customers.

Techknowgreen Solutions: The company has received an order from the Maharashtra Pollution Control Board worth Rs 2 crore.

Franklin Industries: The company has approved the allotment of 10 crore fully paid-up rights equity shares to the successful applicants.

Seacoast Shipping Services: The company has approved the draft letter for raising funds through the issuance and allotment of fully paid-up equity shares on a rights basis.

Advait Infratech: The company has received an order from Gujarat Energy Transmission Corporation worth Rs 16.27 crore.

NALCO: The company has executed a mining lease deed with the Government of Odisha. The mines have an annual production capacity of 3.5 million tonnes.

Sterlite Technologies: Data Management Center is claiming $2,748,225 as damages for losses incurred due to delays and failure to perform obligations under an agreement. The agreement was regarding the supply of a turnkey solution to Data Management Center.

Ambuja Cement: The company has signed a binding agreement for the acquisition of Penna Cement Industries at an enterprise value of Rs. 10,422 crore. Penna Cement Industries has a 14 MTPA cement capacity.

Suven Pharmaceuticals: The company has decided to acquire 100 percent of equity shares in Sapala Organics Private Limited. Sapala Organics is focused on oligo drugs and nucleic acid building blocks.

Cupid: The company has received an initial order from Cipla Health to manufacture a range of male condoms under the Cipla brand.

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