12 Stocks in focus today

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

Sun Pharma: Sun Pharmaceutical Industries has bid to acquire US eye care company InSite Vision to expand its basket of specialty products and boost sales.

Orchid Chemicals & Pharmaceuticals Ltd: The company expects to break even in FY17 with the help of new product launches and conversion of rupee loans to foreign currency ones.

Biocon: The company has opened a new manufacturing facility in Bangaluru to make insulin devices. The 1-lakh-square-feet new facility will make pen-like devices for diabetes patients.

National Aluminium Company Ltd: The company has informed BSE that the Ministry of Coal, Govt. of India has issued a direction to the nominated authority for allotment of Utkal - D & E coal mines in favour of NALCO under Rule 8(2)(a)(ii) and Rule 11(1) of the Coal mines (Special Provisions) Rules, 2014.

Indian Oil Corp: IOC will invest Rs. 1.75 trillion over the next 5-7 years, Chairman & MD B. Ashok said on Tuesday. Out of this, Rs. 50,000 crore will go into its core business of refining, which will involve capacity expansion across its four refineries - Koyali in Gujarat, Mathura in Uttar Pradesh, Panipat in Haryana and Barauni in Bihar.

Jubilant Life Sciences Ltd: Jubilant DraxImage Inc, a wholly-owned subsidiary of Jubilant Life Sciences Ltd, entered into an agreement with the Australia-based Cyclopharm Limited granting DraxImage an exclusive license to market and distribute Technegas in the US.

Vascon Engineers: The company is raising Rs. 100 crore through the sale of its non-core assets, as per media reports.

ABB India: The company has won orders worth around Rs. 1.19 billion to provide plant electrification, automation and substation solutions for solar power plants. Spread across Karnataka, Tamil Nadu and Andhra Pradesh, these projects will connect over 850 megawatts (MW) of solar energy to the grid and will be among the biggest solar projects worldwide.

Natco Pharma: The pharma company has raised Rs. 340.88 crore by issuing shares to qualified institutional buyers. The company issued 16 lakh shares at a price of Rs. 2,130.55 apiece.

Vedanta, Cairn India: Vedanta has received approval from BSE and NSE on the proposed merger of Cairn India with itself.

Indiabulls Housing Finance Ltd: The company board on Tuesday approved an allotment of over 5.6 crore equity shares worth Rs 3,996.79 crore to qualified institutional buyers (QIBs).