15 Stocks in focus today

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

Elder Pharmaceuticals: The pharma company may sell its factories in Maharashtra and Uttarakhand, as well as some real estate, to raise money and repay creditors, as per media reports.

Mahindra Lifespaces: The company has signed a pact to set up an industrial park in Chennai in collaboration with Japan's Sumitomo Corporation for over Rs 400 crore. This will be Mahindra Lifespaces' second project in Chennai, after the Mahindra World City Special Economic Zone in Singaperumalkoil.

BPCL: The company plans to invest Rs.1 trillion between 2016 and 2021, for its next phase of growth, as lower crude oil prices and reduced losses on fuel sales give the company more headroom for business expansion. The investments are mainly aimed to increase the company’s refining capacity, branching into the petrochemicals sector and expansion of city gas distribution business.

Larsen & Turbo: The shareholders of the company has approved raising of about Rs. 9,600 crore through issuance of various securities, including equity shares and convertible bonds. Besides, shareholders have given their nod for issuance of secured/unsecured redeemable non-convertible/perpetual debentures in one or more series/tranches/currencies aggregating up to Rs.6,000 crore.

Suven Life: The biopharmaceutical company announced that it had secured five product patents in China, Israel, Mexico, Singapore and Sri Lanka corresponding to its new chemical entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases.

ONGC and RIL: Both the companies will see attention after the High Court disposed ONGC’s plea against govt, RIL on KG basin gas theft. Meanwhile, BPCL says it will invest Rs. 1 trillion in five years to expand capacities.

Tata Motors: The company signed an agreement with French major Total Lubrifiants for supply of high performance lubricants across the homegrown auto major's sales and service points in the global market.

Castex Tech: The company informed the stock exchanges that it has allotted equity shares to investors following a conversion of its foreign currency convertible bonds, as per media reports.

Hero MotoCorp Ltd: The company plans to set up manufacturing facilities in Mexico, Argentina and Brazil and expects to utilise the new Colombian plant as a hub to export to nearby countries, as per media reports.

Amtek Auto: This counter is likely to come under pressure with banks deciding to go for a special audit of the books of various group companies before providing fresh loans to help it repay the Rs 800 crore bonds coming up for redemption on September 20, though Castex on Thursday said it has converted around $80 million (Rs 530 crore) of bonds into equity.

Vedanta: The counter is likely to react to reports that mining giant Vedanta Resources has resorted to aggressive cost reduction and workforce reduction in its aluminium segment amid subdued and volatile market conditions globally.

Sun Pharmaceutical Industries Ltd: The pharma company is planning to divest a manufacturing plant in Ireland as it tries to control costs that have spiralled since it bought Ranbaxy Laboratories Ltd.

lnfosys: Infosys and ATP announced a strategic partnership to leverage the latest technological advances in mobility, cloud and analytics to transform the experience of tennis fans and players the world over.

Maruti Suzuki India: The auto company has launched a limited edition version of its popular model WagonR, named Avance, with prices starting at Rs0.43mn (ex-showroom Delhi).

Steel Authority of India Ltd: The company has taken up Rs.18 billon upgradation and repair programme at Bokaro Steel Plant in Jharkhand.