Tuesday 8 March 2016

Top 15 stocks in focus today: Tata Motors, Strides Shasun, Ashok Leyland

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


Stock Market
HPCL: Hindustan Petroleum Corporation Ltd plans to invest INR 45,000 crore by 2020 in capacity expansion of its Mumbai and Visakhapatnam refineries, besides to augment its marketing infrastructure.

Tata Motors, Bharat Forge: Tata Motors has signed a strategic agreement with Bharat Forge Limited and General Dynamics Land Systems (GDLS)of the US, for the Indian Ministry of Defence (MoD’s) prestigious Future Infantry Combat Vehicle (FICV) program.

Strides Shasun: The pharma company has entered into an agreement with  Moberg Pharma, Sweden and its affiliates to acquire Jointflex, Fergon and Vanquish brands for a total consideration of  $10 million plus inventory value at closing.

Apollo Tyres: The tyre company is planning to invest up to $600 million (about Rs 4,000 crore) next fiscal to enhance capacity, according to reports.

Thomas Cook: Thomas Cook has announced a strategic collaboration with Western Union Business Solutions and DCB Bank.

Godrej Consumer Products Ltd: Godrej Consumer Products is planning to acquire home and personal care companies in Africa, Indonesia and India, according to reports.

PVR: PVR is planning to renegotiate the terms of the deal to acquire DT Cinemas, DLF's cinema exhibition business, according to reports.

Sterlite Tech, Bharti Airtel: Sterlite Technologies has signed partnership deals with telecom operators Bharti Airtel and Tata Teleservices and internet service provider Spectranet for its fibre-to-the-home (FTTH) network being rolled out in the country, according to reports.

Ashok Leyland: Ashok Leyland Ltd announced an expansion of its unit in Ras Al Khaimah (RAK) in the United Arab Emirates (UAE) at an investment of US$10 mn.

Ashoka Buildcon: Ashoka Buildcon announced that Ashoka Concessions, a subsidiary of Ashoka Buildcon (Company), has informed the Company that one of its Associate Companies viz. PNG Tollway (SPV) has given Notice of termination of the Concession Agreement to NHAI in respect of the Project viz. to undertake Design, Engineering, Finance, Procurement, Construction, Operation and Maintenance of 6 laning of Pimpalgaon - Nashik - Gonde Section of NH - 3 in the State of Maharashtra on Design, Build, Finance, Operate and Transfer (DBFOT) basis.

Nalco: Nalco is planning to invest around Rs. 900 crore in Kakrapar Atomic Power project to acquire 26% stake in the plant, according to reports.

Ajanta Pharma: Ajanta Pharma has announced that it has received US FDA nod for Almotriptan Malate tablets.

Cox and Kings: Cox and Kings has partnered with RBL Bank to launch the 'Save Now Travel Later' programme to suit every budget.

Siemens: Siemens Ltd on Friday announced the sale and transfer of its healthcare business to a subsidiary of its parent Siemens AG for Rs.3,050 crore.

Tata Motors: Agitating employees at Tata Motors’ Sanand plant are now considering to approach the Gujarat High Court to direct the company to recognise their union, reports a business daily.

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