Friday 18 September 2015

17 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
8K Miles Software Services: The company has entered into a Stock Purchase Agreement with NexAge Technologies USA, Inc.

PTC India Financial Services: The company approved Rs. 1,000 Cr loan for Renewable Energy projects.

UltraTech Cement: The company has got Environment Ministry's clearance to expand capacity at its Awarpur plant in Maharasthra, which would entail an investment of Rs. 248 crore.

Suzlon Energy: The company has approved the allotment of 3.53 crore equity shares worth Rs. 54.58 crore to its bond holders.

Maruti Suzuki: The auto company plans to kickstart an investor roadshow next month to explain its move for letting parent Suzuki Motor Corp own upcoming plant in Gujarat.

HCL Technologies: HCL Technologies announced that it is collaborating with IBM to jointly develop Internet of Things (IoT) solutions to help customers on their IoT journey.

Jet Airways: The company  has raised USD80mn through a joint mop-up exercise with its partner Etihad. The funds are a part of the $500 million that Etihad raised along with its equity partners Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways.

ARSS Infrastructure Projects Ltd: The company has decided to transfer its 51% holding in ARSS BUS Terminal Pvt Ltd to Welspun Enterprise Ltd, for setting a long standing dispute and litigation, said media reports.

Essar Oil Ltd: The company will shut its refinery in Gujarat for 30 days for maintenance, the plant's first major break in four years, as per media reports.

Jindal Stainless: The company said it will temporarily shut down operations of the ferro alloys unit in Vizianagaram (Andhra Pradesh) due to differences between the management and workers.

National Buildings Construction Corporation Ltd (NBCC) said it is developing an e-commerce portal and will come up with it in next two months.

Dewan Housing Finance: The company has allotted 14,58,56,530 bonus equity shares in the ratio of 1:1. Earlier in July, the board of directors of DHFL had approved to issue of bonus shares in the 1:1 ratio.

Novartis India: Novartis India said that Elanco India has informed the company that the FIPB has approved its proposal to acquire Novartis India's animal health division.

GMR Energy: The company said its two gas- based plants in Andhra Pradesh having a capacity of 1,138 MW will get government subsidy on use of re-gasified liquefied natural gas for six months from October to March.

Indiabulls Housing Finance Ltd: Copthall Mauritius Investment Ltd has acquired over 5 per cent stake in Indiabulls Housing Finance LtdBSE -2.54 % (IBHFL). Copthall Mauritius has acquired 19,324,503 shares equivalent to 5.334 per cent in Indiabulls Housing Finance.

RIL: Fueled by rumours of accidental death of one of the labourers, two worker groups clashed within the labour colony near Reliance Industries Limited (RIL)'s Jamnagar refinery site.

Power Grid: The company said its shareholders have approved a proposal to raise up to Rs140bn through issuance of bonds from domestic and external sources in 2016-17.

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