Wednesday 26 August 2015

18 Stocks in focus today

ITC Ltd: The company  could see weakness even though the company has not received any communication from the Uttar Pradesh government regarding presence of higher lead in its Yippee instant noodles and pasta, the company has told the Bombay Stock Exchange.

Jain Irrigation said its board has approved sale of its food business on 'slump sale' basis to its wholly owned subsidiary Jain Farm Fresh Foods Ltd.

Yes Bank: The bank has received approval from the Reserve Bank of India for re-appointment of Rana Kapoor as MD & CEO for a period of three (3) years, with effect from September 1, 2015.

SBI, IOB, UBI:  SBI said it will issue equity shares on preferential basis to the government for capital infusion of Rs. 5,393 crore. Indian Overseas Bank and Union Bank of India also informed about capital infusion from the government in lieu of preferential allotment of equity shares.

Gujarat NRE Coke Ltd: The company will seek shareholders nod to sell its wind mill business as part of the firm's corporate debt restructuring (CDR) efforts. The company in a regulatory filing said it will hold a postal ballot for seeking approvals of the shareholders.

IOC:  LIC has purchased nearly 90% of Indian Oil shares sold by the government in its Rs. 9,379-crore disinvestment.

Dabur India Ltd: The company said the USFDA has sought "additional information" for its Alwar unit and the company is "in process of submitting the same".

Austral Coke & Projects and Dunlop India: Leading stock exchange BSE today ordered suspension of trading in shares of as many as 20 companies, including Austral Coke & Projects and Dunlop India, from August 28 until further notice.

JSPL: The companywill seek shareholders' nod for raising up to Rs. 15,000 crore via securities for loan refinancing and capital expenditure.

Power Mech Projects Ltd: Power Mech Projects will remain in focus on its listing day. The pubic issue was subscribed nearly 38 times. Listing price is at Rs 640/share.

IL&FS Engineering and Construction Company: The company has bagged Rs 190.88 crore project from Madhyanchal Vidyut Vitran Nigam Ltd (MVVNL) for rural electrificationBSE 5.44 % works in Uttar Pradesh.

GVK Power & Infrastructure Ltd has announced that it has begun commercial operations of GVK Deoli-Kota Expressways, a wholly-owned subsidiary of the company. The diversified Hyderabad-based infrastructure company said it has received provisional completion certificate as per the provisions of the Concession Agreement.

L&T: The Power Transmission & Distribution Business of has won orders worth Rs. 1,563 crores in both the international and domestic markets in July & August 2015.
 
Suzlon: National Stock Exchange of India Ltd (NSE) completed 6.25 MW wind power project. Suzlon Group, one of the leading wind turbine manufacturer was the technical partner for supply & commissioning of the project. 

Edelweiss Financial Services: The FIPB has cleared Tokio Marine Holdings Inc.’s proposal to increase its stake to 49% from 26% in Edelweiss Tokio Life Insurance Co. Ltd., a joint venture life insurance company between Edelweiss Financial Services and Tokio Marine Holdings Inc.

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