Friday 18 March 2016

Top 12 stocks in focus today: JSW Energy, HUL, DLF

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

Stocks to watch
JSW Energy: JSW Energy is planning to acquire a 1,000 MW Jindal Power plant for about Rs. 6,000 crore, according to reports. The deal is likely to be announced shortly.

Hindustan Unilever Limited: HUL announced that it has signed an agreement for the sale of its Rice Exports business carried out primarily under the brands ‘Gold Seal Indus Valley’ and ‘Rozana’, to LT Foods Middle East DMCC, a group company of LT Foods Limited (owner of ‘Daawat’).

ONGC: ONGC Videsh Ltd. (OVL), the overseas arm of ONGC, will raise US$1 billion in April from the overseas market and use the amount for part-payment towards the 15% stake bought by it in Russia’s Vankorneft for US$1.25 billion in September 2015, reports a financial newspaper.

United Breweries: United Breweries Ltd shares will be in focus as Heineken is likely to ask Vijay Mallya, who owes creditor banks more than $1 billion, to step down from the board of UBL. Heineken owns 42.4% stake in UBL.

DLF: The company has decided to sell its shopping mall in Saket in the national capital to its unit for Rs.904.50 crore as part of its plan to streamline and monetize its existing assets. DLF Ltd has announced that the Board of Directors of the Company at its meeting held on March 17, 2016, has declared an interim dividend of Rs. 2 per fully paid equity shares of Rs. 2 each of the Company for the FY 2016.

Bharti Airtel: Bharti Airtel informed the bourses that the company has entered into a definitive agreement with Videocon Telecommunication (VTL) to acquire its 1,800 MHz spectrum for Rs 4,428 cr in six circles.

Honeywell Automation India: The company announced appointment of former Wipro CFO Suresh Senapaty as its Chairman.

Deep Industries: The company has received a notification of award for hiring of gas dehydration system for four production Installations for a period of five years at ONGC Rajamundry Asset viz. Tatipaka GCS, Kesanapalli GCS, KPDA EPT & Endamuru GCS.

Marksans Pharma: The company announced that pursuant to the UK MHRA GMP inspection of the Marksans's Goa plant conducted from November 23, 2015 to November 25, 2015 and subsequent to the Company's response to the UK MHRA observations, the Company has received communication from UK MHRA informing that they are issuing a "Restricted GMP Certificate" allowing the Company to continue manufacture and marketing of critical products for the UK markets.

Idea Cellular: Idea Cellular and Videocon Telecommunications have mutually agreed to call off their Rs 3,310-crore spectrum deal for two telecom circles.

Orchid Pharma: Orchid Pharma said it has received final US FDA nod for Rasagiline generic.

Ujaas Energy: Ujaas Energy Ltd has bagged an order to establish and Operation and Maintenance (O&M) of "Solar Photovoltaic Power Plant of 5MW Capacity from Rashtriya Ispat Nigam Limited - Visakhapatnam Steel Plant".

CG: Avantha Group Company CG has won a significant order of USD 35 mn (Rs. 236 crore approx.) from PT PLN (Persero), the state-owned electricity company of Indonesia, to manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated voltage 500 kV/150 kV.

Suzlon
: The Suzlon Group, one of the leading global renewable energy solutions providers in the world, announced its order wins for a combined capacity of 81.90MW. 

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