Monday 11 July 2016

Top 23 stocks in focus today: Sun Pharma, Tata Steel, Bharti Airtel

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

Sun Pharmaceutical Industries: Sun Pharma launches Gemcitabine InfuSMART in Europe.

ITC: The company has embarked on the next stage of its succession exercise in anticipation of Chairman YC Deveshwar's move to a non-executive role in February, says report.

Tata Consultancy Services Ltd: The company has announced that Phiroz Vandrevala has relinquished the office of Non-Executive Director of the Company, due to personal reasons, with effect from July 08, 2016.

Bharti Airtel: Bharti Airtel Ltd has announced that the acquisition of rights to use 20 MHz 2300 Band 4G TD spectrum from Aircel.

PNB: The RBI notified that the aggregate foreign share holdings by foreign institutional investors/NRIs /PIOs/FDI and others under Portfolio Investment Scheme (PIS) in PNB have gone below the prescribed threshold caution limit stipulated under the extant FDI policy.

Nila lnfrastructures: The company received a work order from Ahmedabad Municipal Corporation for the Integrated Slum In-situ Development for P.P.P. Project (Phase-ll) of approximate 80 residential units at Ahmedabad under Urban Development & Urban Housing Department, Government of Gujarat's Slum Rehabilitation and Redevelopment.

Tata Motors: Tata Motors Group global wholesales in June 2016, including Jaguar Land Rover, were at 92,551 units, higher by 21%, over June 2015 whereas cumulative wholesales for the fiscal were 2,61,262 units, higher by 12%, over 2015-16.

Dishman Pharmaceuticals and Chemicals Ltd: The company has informed BSE that renewal of US FDA inspection of Company’s Bavla facility has been successfully completed on July 8.

IndusInd Bank: IndusInd Bank will announce its June quarter results today.

REC, Adani Transmission: Rural Electrification Corporation Ltd has announced that as per the approval of Ministry of Power dated June 06; 50,000 Equity Shares of North Karanpura Transco Limited (incorporated for 'Evacuation of Power from North Karanpura (3x660MW) generation project of NTPC and creation of 400/220 kv sub-station at Dhanbad’) held by REC Transmission Projects Company Limited and its nominees, have been transferred along with all assets and liabilities of North Karanpura Transco to Adani Transmission Limited and their nominees.

Cadila Healthcare: The pharma seeing a big growth opportunity in US and Latin American formulation markets and plans to enhance share in the US generics market by launching complex, oral solids and formulations. The company has received Establishment Inspection Report (EIR) from the US health regulator for its manufacturing facility in Moraiya.

Cipla: Cipla is investing 1.3 billion South African Rand (about Rs.6 billion) in a biotech plant in South Africa as it aims to make cancer drugs affordable and grow its presence in the market.

HDFC Bank Ltd: The bank is planning to focus on digital platforms in rural and semi-urban markets to achieve sustained growth in the coming years.

United Spirits: The company said its additional enquiry revealed Vijay Mallya and his associate companies diverted funds of over Rs.1,225.30 crore between October 2010 and July 2014.

Lupin: The pharma company said US health regulator has voiced minor concerns after completing the inspection of its Dabhasa facility in Gujarat.

Tata Steel: The company announced it would explore strategic alternatives for its UK business, including the potential sale of the business as a whole or in parts. The company and its advisers then contacted around 200 potential financial and industrial investors around the world to explore their interest in the business.

RCOM: Reliance Communications promoters have pledged 3.8 crore shares at an estimated value of Rs. 190 crore before private banks, according to reports.

Birla Corporation: M P Birla group flagship Birla Corporation defended the Rs. 4,800 crore deal to buy Reliance Infrastructure’s cement business, according to reports.

NHPC: NHPC has signed Memorandum of Understanding with Ministry of Power, Government of India for the year 2016-17.

Gammon India: The Board of Directors of the Company has noted the acquisition of Nikias Metals Private Limited, an unlisted private company made by its wholly owned subsidiary Gammon Retail Infrastructure Private Limited.

L&T: The company aims to expand revenue share of services businesses to 15%, while bringing down the projects portfolio to 70%.

Neyveli Lignite Corporation: The company is likely to buy at least 75% stake in Damodar Valley Corporation's 1,200 megawatt Raghunathpur thermal power project.

Speciality Restaurants: Speciality Restaurants has opened a new "Hoppipola" restaurant in Bengaluru.

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