Friday 19 February 2016

RIL, SpiceJet, Punjab National Bank, among 18 Stocks in focus today

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


Punjab National Bank: Vijay Mallya on Thursday dismissed Punjab National Bank's (PNB) move to declare him as a 'wilful defaulter', saying that PNB was not the only bank in the country and that he will do what he has to do.

RIL: Reliance Gas Pipeline Ltd (RGPL),  a wholly-owned subsidiary of Reliance Industries Ltd has received the final environment clearance for its Rs 1,428 crore project to build a 486-km long pipeline.

Jet Airways: Etihad Airways is planning to increase stake in Jet Airways to 49% from 24%, according to reports.

SpiceJet: For the ninth consecutive month in a row, SpiceJet has once again recorded the highest passenger load factor of all airlines in India.

Indian Oil Corp: IOCL will likely take a 40% stake in the country's largest refinery project slated to come up on the western coast in Maharashtra, while two other state refiners—Bharat Petroleum ( BPCL) and Hindustan Petroleum may own 20% each.

HDFC: Housing Development Finance corporation Ltd (HDFC) has announced that it will raise Rs. 500 crore via issuance of Secured Redeemable Non-Convertible Debentures (NCDs) via private placement.

Shriram EPC Limited: Shriram EPC Limited (SEPC) has been awarded multiple orders amounting to Rs 214 crore.

Pincon Spirit Ltd : PSL has acquired Orbitol Solutions Pte Ltd, a Singapore incorporated company for an undisclosed sum. OSPL is engaged in the business of merchant trading and agricultural commodities.

Indigo: Passengers carried by domestic airlines during Jan 2016 were 76.55 lakhs as against 62.45 lakhs during the corresponding period of previous year thereby registering a growth of 22.58%, according to DGCA data.

Cairn India: Cairn, subsidiary of UK- based Vedanta group, cannot be allowed to export excess crude from its Rajasthan oil field as it is a policy to ensure that there can be no export till domestic demand is met, government has told the Delhi High Court.

Cipla: The pharma company announced that its UK arm, Cipla (EU) has closed the USD 550 mn deal to acquire two US-based firms, InvaGen Pharmaceuticals and Exelan Pharmaceuticals.

RPP Infra Projects: The company has said in a notice to BSE that it has bagged two additional orders from Engineering Projects India Ltd (A Govt of Indian Enterprise) worth Rs. 585mn.

BHEL: The company successfully commissioning a 270 MW coal-based power project in Punjab.

NTPC: NTPC Energy Technology Research Alliance (NETRA), the research and development arm of NTPC will be collaborating with two German institutions for research in solar thermal and solar photovoltaic technologies.

BPCL: Bharat Petroleum Corporation Limited (BPCL) has purchased 50% stake held by Financial Institutions (FIs) in Sabarmati Gas Limited (SGL) at a total cost of Rs. 102.24 crore. The remaining 50% holding of FIs has been purchased by Gujarat State Petroleum Corporation Limited (GSPC)/Gujarat State Petronet Limited (GSPL). 

  Blue Star: Blue Star is aiming for a 12 per cent market share in room ACs in FY17 with the launch of its new star-rated inverter air-conditioners, reports a business daily.

ARSS Infra: ARSS Infrastructure Projects Ltd has announced that a work order amounting to Rs.40.42 crores namely “Plant Road Network, Phase II” of 3.0 MTPA Integrated Steel Plant of NMDC Limited at Nagarnar, Chattishgarh, has been awarded to the Company” by NMDC.

NTPC: NTPC Ltd has informed BSE that 2nd Unit of 660 MW of Barh Super Thermal Power Station Stage II (Unit#5 of Barh STPS) is declared on commercial operation on Feb 18.

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