The Stock in following companies, among others, which will be looked out during trade today based on latest developments: Endurance Technologies, Wipro and Quick Heal.
Endurance Technologies Limited: The company’s promoter said it will sell 63.6 lakh equity shares or 4.52-percent equity with a Greenshoe option of further 41.90 lakh equity shares or 2.98percent equity to non-retail investors on 6-March and retail investors on7- March. The floor price for the offer for sale is set at Rs1,100 with a discount of 12.6percent.
The IT major’s stock will trade ex-bonus in ratio 1:3, from today. Amended
market lot for Futures & Options (F&O) contracts would be 3200.
Heal Technologies Limited: The Company to buyback 63.6 lakh equity shares
or 9.02percnet equity at Rs275 per share. The total buyback is worth Rs175-crore,
i.e., 23.87percent of net worth.