12 Stocks in focus today

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

NTPC: NTPC's tax-free bond sales saw overwhelming response perhaps indicating that interest rates could move southwards. The issue was oversubscribed more than 10 times on its opening on Wednesday, as it received Rs 4,417 crore subscription against Rs 400 crore.

Coal India: The company may have to revise its capital expenditure plan in view of the proposed land acquisition bill. “The current estimate of total capex is Rs. 60,000 crore over the next five years. But it may get revised due to land acquisition bill,” Coal India Chairman Sutirtha Bhattacharya said at the company's AGM on Wednesday.

C&C Constructions: The company bagged order worth $141.28 million in Oman.


L&T: Stating that there is little sign of recovery in the domestic economy and that private sector capital expenditure remained at least a year away, L&T executive chairman LN Naik on Wednesday hinted that several L&T factories ready to build defence equipment for Modi's 'Make-in-India' campaign are waiting for orders, signalling stagnation in business.


Aban Offshore: The company that provides drilling and support services for offshore oil exploration and production has announced plans to reduce its debt level by 10 per cent this year from $2.2 billion. It has moved an enabling resolution to get shareholders' approval to raise $400 million through global depositary receipts, American depositary receipts and another Rs 2,500 crore through qualified institutional placements. In 2014, it had raised Rs 750 crore.


Bajaj Auto: The Pune-based two-wheeler maker has secured the certification from Europe for its quadricycle and will be now eligible to export its RE60 to those countries even though its India launch remains uncertain. The quadricycle RE60, which is indigenously developed by Bajaj AutoBSE 0.39 %, has been certified under the European Whole Vehicle Type Approval regulations, after having passed all tests successfully.

Balmer Lawrie: The company on Wednesday announced a capex plan of Rs 400 crore for the next three years. The mini-ratna company will also infuse another Rs 100 crore for further expansion and modernisation of its ongoing activities. All these will go to help the company double its turnover to Rs 3,000 crore over the next five years.

SKS Microfinance announced a 1.25% cut in the interest rate to 20.75% with effect from October 1 for all future disbursals. This is the third interest rate cut and an overall reduction of 3.8% since October 2014.

Rural Electrification Corporation signed an MoU with Andhra Pradesh power utilities to extend a fresh loan of Rs90bn. The Central public sector enterprise, set up with a main objective of financing rural electrification projects in the country, had already extended loans to the tune of Rs280bn for various projects in Andhra Pradesh.

Orient Green Power Co Ltd (OGPL) has raised Rs2.5bn from existing promoter Shriram Venture Ltd (SVL) and its subsidiaries and financial investors, including EW Special Opportunities Fund II and Ecap Equities, through preferential allotment

Sterlite Technologies: The company is set to acquire Elitecore Technologies, a provider of operations and business support services for an overall enterprise value of around Rs. 1.8 bn in an all-cash deal.

Bharti Airtel: The company has signed an agreement to use Liquid Telecom's fibre network to connect its mobile base stations across Africa, which will let its subscribers in the region to access better speeds on its 3G and 4G networks. The company, however, did not share the financial details of the deal.

Suzlon: The company has bagged contracts from SMEs and public sector undertakings (PSU) to supply 50 turbines of 2.1 MW each in various parts of the country. It will supply its multi-megawatt S95-90m, S97- 90m, S97-120m turbines and will leverage on its turnkey wind solutions expertise to oversee the project operations from start to end.