Monday 14 March 2016

Top 18 stocks in focus today: SBI, Tata Motors, SpiceJet

SpiceJet: Kalanithi Maran, the former promoter of SpiceJet has moved the Delhi High Court, alleging that the current management was not issuing his two entities 189 million convertible warrants, reports a business daily.

SBI: In the last fortnight, State Bank of India, on behalf of itself and other consortium lenders, has put three large loans aggregating to INR 20,769 crore on the block, reports a business daily.

Tata Motors: Tata Motors Group global wholesales in February 2016, including Jaguar Land Rover, were at 99,842 nos., higher by 17%, over February 2015.

Maruti Suzuki India: Maruti Suzuki India Ltd has missed a deadline it had set for introducing the light commercial vehicle (LCV) segment citing the ongoing resistance against diesel vehicles, reports a financial newspaper.

ONGC: ONGC reportedly said it will finalise "a multi- billion dollar investment plan" for the 98/2 fields of D5 Block in the KG Basin by the month-end or early April.

JSW Steel: JSW Steel’s production of crude steel in February has gone up 7% to 10.13 lakh tonnes as against 9.47 lakh tonnes in the same period a year ago.

Dr. Reddy’s Laboratories: Dr. Reddy’s Lab and TR-Pharmin announced a strategic collaboration agreement involving 3 biosimilar products. These products will be registered and subsequently commercialised as part of this agreement by TR-Pharm in Turkey.

Bhushan Steel: The company has received the environment clearance for its Rs.30 billion project to set up a pellet unit with a production capacity of 7mn tonnes per annum (MTPA) in Odisha.

Apollo Hospitals Enterprise: The pharma company has completed the acquisition of the majority stake in Guwahati based Assam Hospitals Ltd.

NMDC: The company has raised the lump price by over 8%to Rs. 1,950 per tonne effective March 11, its first hike for the higher grade of the ore since July, 2014.

Future Consumer Enterprise: Future Supply Chain Solutions Ltd (FSC) has created an e-commerce vertical and is scaling up operations to cater to e-commerce biggies like Snapdeal and Pepperfry, reports a business daily.

United Breweries Holdings Ltd: United Breweries Holdings Ltd (UBHL) is facing as many as 8 winding-up petitions from 8 banks and financial institutions - including BNP Paribas and SBI - in various courts for failing to honour corporate guarantees of Rs. 7,256 crore provided to the defunct Kingfisher Airlines, reports a financial newspaper.

IDBI Bank: IDBI Bank employees have decided to go on a four-day nation-wide strike from 28th March to oppose the Government's move to dilute its stake in the public sector bank, reports a business daily.

Britannia: Britannia Industries Ltd. is three months away from taking a call on ramping up the dairy business, Managing Director Varun Berry has been quoted as saying by a business daily.

HCC: The company bagged a award Rs. 635 crore contract by NTPC to construct Head Race Tunnel (balance works) for Tapovan Vishnugad Hydro-electric Power Project on the River Dhauliganga in Chamoli District of Uttarakhan.

IOC: A whopping 51,000 tonnes of naphtha has been sold by the Indian Oil Corp (IOC) from late March to early April at rarely seen discount levels, says a Reuters report.

Karnataka Bank: The bank enters into a Memorandum of Understanding (MoU) with CNX Corporation Limited (CCL) in order to expand its storage facilities to farmers and finance against the warehouse receipts (WHR).

Reliance Power: Reliance Power Ltd on Friday moved the Delhi high court, seeking permission to continue mining coal in excess of what is permitted by the Centre, from its Moher and Moher-Amlohri blocks in Madhya Pradesh. 

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