Tuesday 12 July 2016

Top 21 stocks in focus today: Coal India, NMDC, HDFC

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

Stock Market
NMDC Ltd: The company reportedly said that its production was up by about 28% and sales have increased nearly 17% in the April-June quarter of the current fiscal.

RIL: The company flagging eastern offshore KG-D6 block holds 3.7 times more established gas reserves at 2.6 trillion cubic feet, Niko Resources said.

Coal India: The Board of Directors of the Company will be held on July 11, 2016, inter alia, to consider the proposal for Buy Back of equity shares of the Company and appointment of intermediaries in accordance with all applicable laws.

Igarashi Motors India Ltd: The company said one of its large shareholders will sell over 3.3 million shares amounting to 10.35% in the company in an offer for sale (OFS) at a floor price of Rs.650.

IndusInd Bank: Indusind Bank Ltd posted a net profit of Rs. 6613.80 mn for the quarter ended June 30, 2016 as compared to Rs. 5250.40 mn for the quarter ended June 30, 2015.

Ashok Leyland: The company bagged orders for nearly 3600 Buses from various STUs in the current fiscal. These orders would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses.

Greaves Cotton: The company has forayed into multi-brand spares business, which is an extension to its after-market services.

Inox Wind: Inox Wind has bagged an order for a 50 MW wind power project to be deployed in the state of Gujarat from Atria Wind Power.

Zydus Cadila: Zydus Cadila received the final approval from the USFDA to market Nateglinide Tablets USP in strengths of 60 mg and 120 mg.

HDFC: HDFC is planning to raise Rs.3,000 crore through synthetic bonds.

Tata Power: Tata Power said that its board has approved raising up to Rs.3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis.

Bajaj Finance: The company announced that the board will consider sub-division of equity shares and bonus issue in the upcoming board meeting of July 26.

SpiceJet: Boeing Co. and Airbus Group SE are locked in a battle to supply SpiceJet with as many as 100 planes, and both are offering aggressive discounts in negotiations that have intensified in the past few months, as per media report.

Rico Auto: Rico Auto Industries has laid the foundation stone for a new manufacturing plant at Pathredi, Bhiwadi (Rajasthan) for the manufacturing of Auto Components on 07 July 2016, said a media report.

Manpasand Beverages: Manpasand Beverages said SAIF Partners has trimmed stake in the company by 2.26% to 20.09% by selling shares worth over Rs.67 crore in the open market.

Sun Pharmaceutical Industries: Sun Pharma has announced the roll-out of Gemcitabine InfuSMART, used in treatment of cancer, in Europe.

Cera Sanitaryware: The company will be announcing its June quarter earnings today.

IFB Industries Ltd: The company participated in Equity issue of 120,00,000 equity shares of Rs 10/- each of Trishan Metals Pvt. Ltd and thereby acquired 51.12% shareholding of Trishan Metals Pvt. Ltd.

IFCI Ltd: The company has reduced its Benchmark Rate from 11.70% p.a. to 11.50% p.a. with monthly rests. This new IBR shall be applicable from July 12, 2016.

Career Point: The company received first tranche of Rs.4.2 crores from NSDC.

Shriram EPC Ltd: Shriram EPC said it will take approval of its shareholders for conversion of debt worth up to Rs 1,280 crore into equity shares. 

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