Friday 28 August 2015

15 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
Lupin Ltd: The pharma company has received approval from US health regulator USFDA to market generic Omeprazole delayed-release capsules, used to treat ulcer, in the American market.

Tube Investments of India Ltd: The company has signed a License Agreement with Ridley Bikes Belgium to acquire the Brand rights/Licence for the brand "Ridley" for India, Sri Lanka, Bangladesh, Nepal, Bhutan and Myanmar for a period of 33 years.

Cipla Ltd: The pharma company said that it expects 20% growth in revenues in the current fiscal (FY16), as per media reports.

ONGC: The coil company has received a one-year extension to explore in a Vietnam oil block in the contested waters of the South China Sea.

Bosch: The company has inaugurated its new manufacturing plant at Bidadi, near Bangalore, which has come up at an investment of Rs. 3.4bn. The plant, which has come up on an area of 38,000 sqm, would manufacture products for the diesel systems division.

Bank of India: The bank has announced that the Government of India vide its letter dated August 19, 2015 has informed its decision to infuse capital funds to the tune of Rs. 2,455 Crore in the Bank by way of preferential allotment of equity shares, as per media reports.

TTK Prestige Ltd: The company has signed a long-term settlement with the Workers' Union at company's Hosur unit at Tamil Nadu. This settlement provides for a superior productivity as compared to the earlier settlements, as per media reports.

Vedanta Ltd: Vedanta said that collapse in aluminium prices and lack of availability of bauxite from Odisha had forced the conglomerate to opt for a gradual closure of its Lanjigarh facility in the state.

Pincon Spirit: The company said its board has approved issue of one equity share for each share held by existing shareholders of the company.

Gammon Infrastructure: The oompany sealed deal with Canada based Brookfield Asset Management. It will sell 9 SPV's in road & power to Brookfield Asset Management. The deal is likely to have been struck at around Rs. 500 crores, as per media reports.

HDFC Ltd: HDFC has raised Rs. 20bn through the sale of bonds in order to boost lending operations and meet its future capital needs. The bonds, which have a tenure of five years, attracted a coupon rate of 8.5%. HDFC Bank is the lead arranger of the issue.

DLF Ltd: DLF is close to selling a majority stake in a residential project in New Delhi to Singapore's sovereign wealth fund GIC, as per media reports.

Godrej Consumer Product Ltd: The company said its shareholders have approved a proposal to raise up to Rs. 300 crore through issue of nonconvertible debentures (NCDs) on private placement basis.

Mphasis: The IT company has announced its partnership with The International Institute of Information Technology (IIIT-B), a Deemed University, to support and nurture deserving social enterprises. The two organizations have signed a Memorandum of Understanding (MoU) wherein IIIT-B would leverage a portion of Mphasis’ Corporate Social Responsibility (CSR) funds for supporting social enterprises.

Neyveli Lignite Corporation: The workers who were on strike for almost 39 days now, have decided to withdraw strike temporarily as the extensive talks for wage settlement with the management went inconclusive. The unions said the management is sticking to its stand of a 10% wage hike till this week and finally gave an offer of 13 per cent hike. The unions were demanding a 24% hike.

Aurobindo Pharma Limited: The pharma company has received the final approval from the US Food & Drug Administration to manufacture and market Entecavir Tablets, 0.5mg and 1mg.

Reliance Communications: The company said it is in talks with several state governments to bag smart grid and smart city projects as it sees business from cloud offerings and internet of things (IoT) under enterprise segment to touch about a fifth of its revenue in next five years. 

No comments:

Post a Comment