RCom gains 1.2%; promoters pledge 3.8 crore shares

The promoters of the company have pledged 3.8 crore shares at an estimated value of Rs. 190 crore before private banks, according to reports.

Reliance Communications gained 1.2% to Rs.51.4 on Monday. The promoters of the company have pledged 3.8 crore shares at an estimated value of Rs. 190 crore before private banks, according to reports.

The scrip opened at Rs. 51.2 and has touched a high and low of Rs. 51.8 and Rs. 51.1 respectively. So far 5409628(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12644.02 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 91.8 on 01-Jan-2016 and a 52 week low of Rs. 45.55 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs. 53.45 and Rs. 50.25 respectively.

The promoters holding in the company stood at 58.85 % while Institutions and Non-Institutions held 28.77 % and 11.09 % respectively.

The stock is currently trading above its 200 DMA.

Bajaj Finance board to consider bonus issue or stock split on July 26

The company Sub-division of equity shares of the company of face value of Rs. 10 each, and/or issue of fully-paid bonus equity shares to the members of the company.

With reference to the earlier letter dated June 27, 2016, intimating the date of meeting of the Board of Directors to consider and take on record the unaudited financial results for the quarter ended June 30. 2016, Bajaj Finance Ltd has now informed BSE that at the said meeting, the Board may also consider:

a. Sub-division of equity shares of the Company of face value of Rs. 10 each, and/or

b. Issue of fully-paid bonus equity shares to the members of the Company.

The aforesaid proposal(s), if approved by the Board, will be subject to the approval of the shareholders.

As intimated vide letter dated June 27, 2016, trading window for dealing in securities of the Company in terms of the Code of Conduct under the SEBI (Prohibition of Insider Trading) Regulations, 2015, shall remain closed from July 01, 2016 to July 28, 2016 (both days inclusive) for directors, designated employees and connected persons of the Company. The period of closure of trading window will remain unchanged.

Stock view:

Bajaj Finance Ltd is currently trading at Rs. 8644.8, up by Rs. 455.7 or 5.56% from its previous closing of Rs. 8189.1 on the BSE.

The scrip opened at Rs. 8200 and has touched a high and low of Rs. 8703 and Rs. 8200 respectively. So far 178832(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 44116.48 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8270 on 04-Jul-2016 and a 52 week low of Rs. 4678 on 23-Sep-2015. Last one week high and low of the scrip stood at Rs. 8270 and Rs. 8078.4 respectively.

The promoters holding in the company stood at 57.35 % while Institutions and Non-Institutions held 24.46 % and 17.59 % respectively.

The stock is currently trading above its 50 DMA.

Dishman Pharma surges 5%

The company announced that renewal of US FDA inspection of Company’s Bavla facility has been successfully completed on July 08, 2016.

Dishman Pharma and Chemicals Ltd stock was higher by 5% at Rs. 143.The company announced that renewal of US FDA inspection of Company’s Bavla facility has been successfully completed on July 08, 2016.

The scrip opened at Rs. 148 and has touched a high and low of Rs. 149 and Rs. 143 respectively. So far 454923(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2196.58 crore.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 209.85 on 04-Nov-2015 and a 52 week low of Rs. 79.78 on 20-Jul-2015. Last one week high and low of the scrip stood at Rs. 144.2 and Rs. 133.75 respectively.

The promoters holding in the company stood at 61.4 % while Institutions and Non-Institutions held 25.21 % and 13.39 % respectively.

The stock is currently trading below its 200 DMA.

HDFC Bank recognized as Most Honoured Company by Institutional Investor

Called the All-Asia Executive Team rankings 2016, the survey had 1394 investment professional at 582 financial institutions participating. HDFC Bank ranked first in the “Best CEO”, “Best CFO”, and “Best IR Company” categories.

HDFC Bank Ltd., has emerged as the Most Honoured Company in the latest ranking released by Institutional Investor magazine.

Called the All-Asia Executive Team rankings 2016, the survey had 1394 investment professional at 582 financial institutions participating. HDFC Bank ranked first in the “Best CEO”, “Best CFO”, and “Best IR Company” categories. The survey encompassed 1,541 companies from 18 sectors across Asia excluding Japan.

The Bank has won following honours:

Aditya Puri, Managing Director, HDFC Bank as the Best CEO

Sashi Jagdishan, Chief Financial Officer, HDFC Bank as the Best CFO

HDFC Bank’s Investor Relations practice as the Best in the sector

“The All-Asia Executive Team represents the region’s most highly regarded companies and corporate leaders as determined by the investment professionals who know them best — portfolio managers and sell-side researchers,” said Thomas W. Johnson, director of research at Institutional Investor. “These are the people whose opinions have the power to move markets.”

The in-depth research reflects feedback from both buy and sell-side analysts, with an unparalleled level of detail on the IR efforts of companies across the region. Respondents from the buy-side work at firms that collectively manage an estimated $963 billion in Asia ex-Japan equities. Voting is unprompted and confidential, and rankings in each of the four categories — Best CEO, Best CFO, Best IR Professional and Best IR Company — are based on combined buy and sell-side votes.

Citing HDFC Bank as an example, the publication highlights the use of technology as a key trend this year, particularly in semi-urban areas. “HDFC’s Aditya Puri, the top-ranked CEO in the Banks category, says his Mumbai-based firm has been developing digital solutions to provide financial services to the 750 million people who live outside India’s cities,” the publication writes in its communication.

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.