Tuesday 14 June 2016

Top 19 stocks in focus: Bharti Infratel, Coal India, IVRCL

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

Stocks to watch
Bharti Infratel: Kotak Mahindra Capital Company Ltd ("Manager to the Buyback Offer") has submitted to BSE a Copy of Public Announcement ("PA") in respect of the Buyback of 47,058,823 equity shares of INR 10/- each (“Share”) of Bharti Infratel Ltd (“Company”) at a price of INR 425/- per Share under tender offer route (“Buyback”).

Coal India Ltd: Coal India has announced that the Board of Directors of Western Coalfields Limited ("WCL"), the Company's subsidiary, has considered and approved the buyback of 7,42,750 fully paid equity shares of face value of Rs.1,000 each.

JSPL: Jindal Steel and Power Limited is set to get debt recast under the Reserve Bank's 5/25 scheme post deal with JSW Energy, as per media report.

IVRCL: The company has allotted 6.46 lakh equity shares at a price of Rs.8.76 each to Bank of Nova Scotia. The company has informed BSE that the allotment is according to the Strategic Debt Restructure terms the company has with its lenders.

Satin Creditcare: Satin Creditcare Network Ltd has informed BSE about intimation regarding allotment of preference shares of 2.5 crore with a face value of Rs 10 each.

Larsen & Toubro: The company is planning to list its IT arm L&T Infotech by October this year, according to reports.

Rajesh Exports: The company has announced that its Board approved acquisition in the Middle East.

Man Industries (India) Ltd: The company has announced that the Company is one of the major Global player with lowest Project cost in Line Pipe Industry has achieved another land mark by successfully commissioning of state of the art 5600 Ton Hydraulic JCO press at its Gujarat Plant which has been developed indigenously with in-house research, development and technical knowhow.

Oriental Bank of Commerce: The Bank intends to raise Tier II Capital through Private Placement of Basel III Compliant Tier II Bonds of Rs. 10,00,000/- each at par aggregating to Rs. 500 crore with an option to retain oversubscription of upto Rs. 500 crore.

Deepak Fertilisers & Petrochemicals Corporation Ltd: The company announced that Department of Fertilizers (DoF), Ministry of Chemicals and Fertilizers, has been withholding subsidy claims due to the Company in accordance with applicable Nutrient Based Subsidy [NBS] Scheme of the Government of India, since June, 2014 amounting to Rs. 795 crores as on March 31, 2016.

Havells India Ltd: The Company is launching solar solutions including Solar power generating systems, Home lighting kits, Solar Pumps, Solar street lights etc. The products will be assembled/ manufactured in Neemrana and will be rolled out pan India in phases starting from June 2016, catering to the domestic market.

ABB: The company has successfully commissioned five substations to integrate a 648-megawatt (MW) solar project at Kamuthi in the southern Indian state of Tamil Nadu to the national transmission grid.

Omaxe Ltd: The company sold residential and commercial properties worth Rs 1,648 crore in last fiscal, up 11 per cent from the 2014-15, says report.

Banking stocks in focus: Reserve Bank of India released a paper on stressed assets called Scheme for Sustainable Structuring of Stressed Assets.

KPIT Technologies: KPIT will be in focus as it informed BSE that it intends to vigorously defend against Copart's alleged claims, and pursue any available claims against Copart. Sparta Consulting Inc, a 100% subsidiary of KPIT Technologies, was hired by Copart Inc (Copart), a US corporation, to design a replacement for its legacy Enterprise Resource Planning system.

DLF: Blackstone Group, GIC of Singapore and Brookfield Asset Management have fired slightly over $1 bn separate bids to acquire a 40% stake in DLF's commercial property unit that owns rent-yielding assets,as per media report.

Jubilant FoodWorks: Jubilant FoodWorks is planning to open 130-140 new Domino's Pizza outlets and around 20 new Dunkin' Donuts restaurants in the current fiscal to expand its footprints in the country.

Delta Corp: Delta Corp has now informed BSE that Delta Pleasure Cruise Company Private Limited, a wholly owned subsidiary of Delta Corp Limited, has been granted license by the Government of Goa to operate their vessel "M V ROYALE FLOTEL -DELTIN CARAVELA" in the Mandovi River.

TCS: Tata Consultancy Services (TCS) announced a global partnership with Randstad Global IT Solutions, to design and deploy one of the world’s largest end-to- end public cloud marketplaces for IT infrastructure services.

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