Wednesday, 29 June 2016

Top 17 stocks in focus today: DLF, Dr. Reddys Lab, Sobha

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

Stocks to watchDLF: Billionaire KP Singh and his family is planning to infuse Rs. 10,000 crore into DLF by purchasing shares in a preferential issue with funds raised from the sale of their stake in the company's rental unit, according to reports.

Dr.Reddys Laboratories Ltd: The company has announced regarding "Closure of Buyback of equity shares of Rs. 5/- each (“Equity Shares”) of the company.

Great Eastern Shipping Company Ltd: The company has bought back and extinguished 100 Secured and 550 Unsecured Debentures of Rs. 10,00,000 each, aggregating to Rs.65 crore.

ITC: The company will invest Rs.4,000 crore over the next 2-3 years to set up 8-9 factories across the country for manufacturing of food products.

Sobha: The real estate company will launch its first luxury apartment project, Sobha City in Delhi-NCR today.This project will be one of the largest group housing projects in Gurgaon and it will offer best-in-class living experience to the customers, as per media reports.

State Bank of India: The bank is working on details of the amalgamation proposal, which will be submitted to the government soon for approval. The bank  will sell non-core investments of around Rs,3,000 crore to shore up its capital.

Canara Bank: The bank will seek shareholders' approval in the ensuing Annual General Meeting in July to raise Rs.2,000 crore to create capital buffer.

IL&FS Transportation
: IL&FS Transportation has increased its stake in Noida Toll Bridge Company to Rs 26.37% following transfer of 1.02% stake by the promoters to it. 

JSW Steel: JSW Steel will seek shareholder approval to raise up to $2 billion through non-convertible foreign currency denominated bonds to fund its long term capital expenditure plans.

Bosch: The board of director will consider on July 1 launching a buyback offer for its equity shares. A meeting of the board of directors of the company will be held on July 1, to consider a proposal for buyback of the company's equity shares.

Aegis Logistics Ltd: The company has announced that the Company has on June 28, 2016 purchased additional 2,04,901 equity shares of Sea Lord Containers Limited (Subsidiary of the Company) at a consideration of Rs. 307.35 lacs. The Company now holds 91.39% shareholding in Sea Lord Containers Limited.

Trent Ltd: The board of directors of the company has approved the sub-division of equity shares of the company having a face value of Rs.10 per share into equity shares having a face value of Rs. 1 each. Further, the Board also approved an enabling resolution for raising of funds by issue of Non- Convertible Debentures on a private placement basis upto an amount not exceeding Rs.300 crores.

Hester Biosciences: The board of Hester Biosciences to consider a proposal to raise funds through a qualified institutional placement (QIP) issue.

NHPC: NHPC is planning to invest around Rs.3,000 crore over the next five years to set up solar and wind projects across the country.

Axis Bank: Axis Bank announced the launch of its Urban Microfinance programme, providing collateral free credit facilities to low-income women groups in urban locations through its technology driven ‘TAB based lending’ solution.

RPG Life Sciences: RPG Life Sciences has entered into a technical collaboration with Italian cosmetic leader Labo Cospropher.

Gujarat Natural Resources Ltd: The company has informed BSE that the Company has acquired 48,000 (0.49%) Equity Shares of Amrapali Capital and Finance Services Limited through open market purchase on June 27.

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