Friday 17 July 2015

20 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.


Stocks to watch
Apollo Health and Lifestyle Limited (AHLL) said that it is ready to relaunch the recently acquired short-stay surgery hospital chain Nova Specialty Hospitals as Apollo Spectra Hospitals and set a target for revenue growth to Rs. 1.6 billion in FY16.

Titagarh Wagons announced acquisition of Italy-based Firema Trasporti to foray into metro coach and high-speed train manufacturing.

Biocon has set the price band for an initial public offering of its clinical research services arm Syngene International Ltd in the range of Rs. 240 to Rs. 250 a share.

Mindtree Ltd will be spending nearly Rs 4.2bn to acquire two companies, Bluefin Solutions and Relational Solutions. The Company has posted a net profit of Rs. 1,370 million for the quarter ended June 30, 2015 as compared to Rs. 1,294 million for the quarter ended June 30, 2014.

Wockhardt is recalling 162k cartons of various drugs, which are used to treat ailments like high blood pressure and ulcer, in the US market due to deviations in current good manufacturing practice norms laid down by the American health regulator.

Bharti Airtel launched 4G trials for its customers in the twin cities of Huballi and Dharwad in north Karnataka.

Great Eastern Shipping is planning to raise up to Rs. 5bn through non-convertible debentures (NCDs) on a private placement basis.

Lupin gets USFDA nod for generic Prandiment drug

Tata Motors plans to raise Rs. 4,400 crore from NCDs during the current fiscal to meet its expansion plan.

Asian Paints is planning to set up Rs. 2,300 crore water-based paint manufacturing unit in Karnataka.

GAIL is planning to invest close to $1.5 bn (about Rs 9,500 crore) to acquire a shale gas asset in the United States.The company has contracts with producers in the US to buy about 6 million tonnes of LNG annually for 20 years, beginning 2017-18.

SpiceJet reported the highest load factors of 93.2% during the month of June on the back of its discount offering followed by IndiGo that is at 86.6%, shows passenger data for June relased by DGCA.

Crompton Greaves has signed a new contract to provide ZIV protections for Saudi Electricity Company (SEC), the largest power utility company in the Middle East serving approximately five million customers in the Kingdom of Saudi Arabia (KSA).

DB Corp reported a 16.01 per cent decline in its consolidated net profit at Rs 66.45 crore for the first quarter of 2015-16. 

Cyient reported 9.2 per cent rise in net profit at Rs 74.8 crore for the quarter ended June, 2015 as against Rs 68.5 crore in the same quarter last year. 

Karnataka Bank gets shareholders approval to raise Rs. 5 bn via QIP

Aditya Birla Nuvo subsidiary Pantaloons Fashion has linked an agreement with Flipkart to sell its in-house brands on the latest platform.

Delta Corp has announced a net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs. 1.010 million for the quarter ended June 30, 2015 as compared to net loss of Rs. 195.710 million for the quarter ended June 30, 2014.

PMC Fincorp Ltd has announced a net profit of Rs. 9.382 million for the quarter ended June 30, 2015 as compared to Rs. 28.083 million for the quarter ended June 30, 2014.

State Bank of India is seeking government's permission to share up to 3% of its annual profits to staff in incentives. In an attempt to attract and retain talent, the leading public sector bank also plans to give stock options to employees above the rank of assistant/deputy general manager.

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