Monday 28 September 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
SPARC: The US Food & Drug Administration (USFDA) has revoked an approval granted in March to Sun Pharma Advanced Research Company Ltd. (SPARC) to launch a drug for seizures, citing manufacturing issues.

SAIL:  The company is investing over Rs 2,600 crore for installing a three million tonnes per annum facility for hot rolled (HR) coils at its Rourkela plant to make auto-grade and special steel products.

Elder Pharmaceuticals Ltd: The pharma company is looking to divest its overseas subsidiaries.

BPCL, HPCL, IOC: The Maharastra State Road Transport Corporation (MSRTC) has complained to state Legal Metrology Department (LMD), accusing HPCL, BPCL and IOC of 'short delivery'.

Siyaram Silk Mills: The company has announced joint venture with leading Italian lifestyle brand Cadini.

Bharat Heavy Electricals Ltd: The company has commissioned a 250 MW coal-based thermal power unit at Sikka in Gujarat.

C & C Constructions Ltd: The company has been awarded a project by Engineering Projects (India) Ltd-Oman, for road and civil works in the Sultanate of Oman. The Contract value of the project is USD 141.28 Million.

NALCO: The company is all set to invest over Rs. 65,000 crore to launch ambitious projects in the country and abroad, besides undertaking expansion and diversification into power and mining sectors in a big way.

Capital First Ltd: The company plans to raise Rs3.50bn from International Finance Corporation (IFC) through subscription to the company's secured non-convertible debentures (NCD).

Sterling Holiday Resorts Limited: The company has won a bid to build a 3-star resort property at the proposed eco-tourism hub in Jalpaiguri, West Bengal. The company plans to build a 50-70 room eco-resort spread over a three-acre land with an investment of about Rs. 250-300mn, as per media reports.

Essar Ports: The company said shareholders have approved its proposal to raise up to USD1bn through securities from domestic and international markets to fund expansion plans.

ITC Ltd: The company has announced launching of grease-resistant paper boards. The paper boards and specialty papers division of the company announced that it developed the foodgrade paper board variety (without use of plastic film) targeting the food industry particularly the quick service restaurant chains and sweet shops.

IndianOil: The oil company has embarked on a programme to ensure that all its fuel outlets in the country are fully automated in five years. The Corporation has about 25,000 petrol pumps of which 8,800 are automated. 

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