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Stocks in Focus: Wipro, Indian Bank, Laurus Labs and Others

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The GIFT Nifty futures were trading in the green before the market’s opening on Wednesday. Indices are expected to open on a similar positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex closed lower on Tuesday. Nifty lost 90.70 points or 0.43% to settle at 20,906.40, while Sensex settled at 69,551.03, falling 377.50 points or 0.54%. 

Here are some stocks likely to remain in focus on December 13.

Laurus Labs: Laurus Synthesis Private Ltd (LSPL), a wholly-owned subsidiary of Laurus Labs, has been issued a Form 483 with five observations from the US Food and Drug Administration (US FDA) after the regulator inspected its manufacturing facility in Parawada near Visakhapatnam between December 4 to 12, 2023.

Force Motors: The automobile manufacturer has received approval from its board for its plan to acquire a 12.2% stake in TP Surya, a wholly owned subsidiary of Tata Power Renewable Energy, for Rs 2.68 crore to procure solar power from a specific solar plant, which will be established by TP Surya under Open Access Mode. 

Indian Bank: The public sector lender opened its qualified institution placement (QIP) issue on December 12, with the floor price fixed at Rs 414.44 per share. The issue price will be fixed on December 15.   

Shilpa Medicare: Shilpa Medicare’s Unit VI, Bengaluru, has received approval from the Therapeutic Goods Administration (TGA), Australia, to manufacture, label, package and test medicinal oral mouth dissolving films (wafers). 

Wipro: The IT firm has signed a new agreement with RSA, one of the world’s leading general insurance companies, to help accelerate the insurer’s migration to the cloud and build a scalable IT infrastructure. 

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