Friday 20 November 2015

Punj Lloyd, Dr Reddy's Lab among 10 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
GMR Infrastructure: GMR Rajahmundry Energy Ltd (GREL), a subsidiary of GMR Energy Limited announced successful commencement of commercial operation of its 2X384MW Gas based combined cycle gas based power plant in Rajahmundry, Andhra Pradesh.

Punj Lloyd: The company has bagged two rural electrification orders worth Rs4.83bn from NTPC Ltd. The orders are part of the Rajiv Gandhi Grameen Vidyutkaran Yojna of 12th Plan to be set up in Orissa.

NALCO: The National Aluminium Co. Ltd. (NALCO) on Thursday signed an agreement with the Skill Development Ministry to spend 5% of its corporate scocial responsibility (CSR) corpus on vocational training.

Britannia Industries Ltd: Britannia Industries plans to enter the snack, chocolate and breakfast segments in the next six months and open a new INR 65 crore Research & Development (R&D) Centre in February

Infosys: The IT Company has completed the acquisition of Noah Consulting, LLC, a leading provider of advanced information management consulting services for the oil and gas industry. The acquisition is in accordance with the terms set out in the agreement announced by the company on October 19, 2015.

RIL: The Reliance Group has signed an MoU to develop Solar Park and Solar Projects of 6,000 MW capacity, spread over nearly 30,000 acres, over next six years, with a potential to attract investment of about Rs600bn in Rajasthan.

HT Media: HT Media will transfer its multi-media content management undertaking to its wholly-owned subsidiary HT Digital Streams on a slump exchange basis.

Tata Consultancy Services: TCS has launched a new Center of Excellence (CoE) for Internet of Things (IoT) solutions in collaboration with Intel. The state-of-the-art Center will be located at the TCS Hyderabad Campus.

Orient Green Power Company Ltd : The company has approved to enter into a Memorandum of Understanding (MoU) with Shri. Chandrabhan Katewa to divest 26% equity shares held by the Company in M/s. Sanjog Sugars & Eco Power Private Limited through an investment vehicle to be identified by Shri. Chandrabhan Katewa subject to all required approvals.

Dr Reddy's Laboratories: The company's Lab spokesperson said that the company has always adhered to all disclosure requirements both of the SECs and Indian stock exchanges including IFRS and Indian accounting standards.  

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