Thursday 9 June 2016

Top 18 stocks in focus: Tata Motors, Bharti Infratel, BPCL

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

Stock market sign
Tata Motors: Tata Motors reported a 10.3 % increase in global sales at 87,414 units, including that of Jaguar Land Rover (JLR) vehicles, in May.

Infosys: Infosys chief operating officer (COO) UB Pravin Rao warned that the company would face volatility over the next few quarters, due to weaker spending from sectors such as energy and insurance, according to reports.

BPCL: The Reserve Bank has allowed foreign investors to raise their holdings in Bharat Petroleum Corporation Ltd to up to 49 per cent.

Bharti Infratel Ltd: The telecom company is in talks to acquire Tower Vision India, as per media reports.

HCL: HCL enhances its smart Vehicle Offerings With two Strategic Partnerships.

IOC: IOC and MRPL have made a second tranche payment using Germany-based EIH bank to help clear past oil dues to Iran, according to reports.

YES Bank: Yes Bank has announced that it will commit Rs. 250 Crores towards two key focus areas of livelihood and water security, and environment sustainability by 2020 through its focused and intensified CSR and Sustainability actions.

Adani Enterprises: Adani Enterprises is in the process of setting up a copper smelter project with a capacity of one million tonnes per annum at an investment of Rs 10,000 crore at Adani Port Special Economic Zone (APSEZ) in Gujarat, says report.

Wipro:  Wipro announced a partnership with Mountain View based Authentise Inc. This strategic partnership between Wipro and Authentise will enable adoption of additive manufacturing among the Global 2,000 companies.

Lupin:  In the wake of violation of current good manufacturing norms, Lupin, through its US arm Lupin Pharmaceuticals Inc, is recalling over 54,000 vials of anti-bacterial injection Ceftriaxone, which were manufactured at the company’s Mandideep facility in Madhya Pradesh.

Syndicate Bank: The bank said it proposes to raise up to Rs.1,700 crore from public issue, including Qualified Institutional Placement or QIP.

NTPC
: NTPC Ltd has signed an agreement with South Western Railway for doubling of the Hotgi-Kudgi section under the customer funding concession scheme, as per media report.

Central Bank: The bank said it proposes to raise up to Rs.3,000 crore from the public, including the rights issue.

Rajesh Exports:  The company has announced that it has bagged Rs. 653 crores worth export order.

Piramal Ent
:  The company said that a meeting of the Administrative Committee of Board of Directors will be held on June 10, 2016 to consider and approve the issue on private placement basis of Secured Non-Convertible Debentures amounting up to Rs. 300 crore.

Cipla: Cipla has approved the appointment of Kedar Upadhye as Global Chief Financial Officer of the Company who will assume office on or before August 16, 2016.

Hinduja Global Solutions:  Hinduja Global Solutions launched DigiCX, a suite of CX (Customer Experience) services focused on transforming traditional customer experiences.

Sun Pharma:  Sun Pharmaceutical Industries  announced its entry into the dermatology segment with the launch of its sunscreen product Suncros, as it seeks to expand its over-the-counter business.

JSW Steel: JSW Steel's production of flat rolled products rose 7% to 9.30 lakh tonnes in May 2016 over May 2015. Production of long rolled products rose 22% to 2.98 lakh tonnes in May 2016 over May 2015.

Siemens: The company bagged order worth approx Rs.113 crore from PGCB to design, procure, supply, install, test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA, 132/33 KV and 50/75 MVA Transformers at Keraniganj within Dhaka.

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