Top 18 stocks in focus today: CONCOR, Maruti Suzuki, Future Consumer

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

Mahindra & Mahindra: Mahindra & Mahindra Chairman & MD Anand Mahindra has been conferred with 'Chevalier de la Legion d'Honneur' (Knight of the Legion of Honour) by the French authorities.

Concor: The government will sell 5% stake in Container Corporations of India (Concor) at a minimum price of Rs 1,195 a piece, to garner Rs 1,165 crore.

NTPC: NTPC Kudgi Super Thermal Power Project’s (STPP) first unit of 800 MW is set to start commercial production in September, reports a business daily.

ABG Shipyard: Lenders to ABG Shipyard Ltd are in talks with an investor to sell a majority stake in India’s largest private shipbuilding company as part of the strategic debt restructuring (SDR) invoked by them in December, reports a business daily.

NALCO: NALCO is planning to buy back up to 32.5 billion rupees of government shares will be delayed to the next fiscal year because of procedural delays, a government official said.

Maruti Suzuki India: Maruti Suzuki India launched its new compact SUV 'Vitara Brezza' at an introductory price range of Rs 0.7 mn and Rs 1mn (ex-showroom Delhi).

ITC: The company received Telangana Goverment approval for pulp manufacturing unit in Bhadrachalam.

L&T: L&T Technology Services, a wholly-owned subsidiary of construction major L&T, is putting final touches to its proposed IPO, reports a financial newspaper. The IPO is slated to hit the market later this year, says the paper.

Future Consumer Enterprise: Future Consumer Enterprise Ltd. (FCEL) has signed two separate MoUs with agri commodity companies - LT Overseas and Cargill - to manufacture edible oil and staples, including rice.

Mindtree: Mindtree issued warning of a marginal revenue growth in Q4 FY16 mainly due to delay in commencement of few projects.

Nitesh Estates: The company informed BSE that its wholly owned subsidiary (100% WOS) has signed a Memorandum of Understanding for a high rise residential project.

RPP Infra Project: PP Infra Project bagged two orders worth Rs 56.5 crore from Neyveli Lignite Corporation.

Jaiprakash Associates: Jaiprakash Associates has announced that interest was payable on the Bonds on the semi-annual interest payment date of March 07, 2016.

Va Tech Wabag: The company said its consortium has won Rs.594 crore water reclamation plant order from Chennai Metropolitan water supply and sewerage board.

Elecon Engineering: The company has informed BSE that it has been awarded a prestigious order from Garden Reach Shipbuilders and Engineers Limited for supply of Marine Gearboxes aggregating worth of Rs. 225 crores.

Marsons: The company informed BSE that it has bagged EPC Contract worth Rs. 780 million from Tekelec General Trading LLC.

Dalmia Bharat: Dalmia Bharat has received CCI's approval to acquire 15% stake in its subsidiary Dalmia Cement Bharat from KKR for over Rs. 1,218 crore in a cash and stock deal, according to reports.

Syndicate Bank: Central Bureau of Investigation (CBI) sleuths carried out searches at 10 locations in Jaipur, Udaipur and Delhi in connection with the case of alleged illegal fraud to the tune of Rs 1,000 in Syndicate Bank. 

Sensex, Nifty to open on a weak note

Global cues are signaling further weakness for the day. Japan's Nikkei and China's CIS300 have lost 1.5% each. Hong Kong's Hang Seng is down 0.7% while South Korea's Kospi is flat. US stock indices slipped on Tuesday after five straight sessions of gains amid persistent worries over oil prices and slowdown in China. 

The market has very little to bank on for racing ahead with bank-frauds coming to light at regular intervals are making investors lose their faith in the rally. CBI investigating alleged fraud at Syndicate Bank has hurt sentiment further. Technically speaking, the Nifty was unable to surpass the 7550 resistance level and has created a Doji pattern indicating reversal of trend is on the cards. Investors have pumped in over Rs 23,000 crore into various mutual fund schemes in February, with liquid or money market segment contributing the most to the inflow even as the MF industry saw its asset pile shrink for the fourth month on the trot in February.

The outlook is a weak to flat start. Global cues are signaling further weakness for the day. Japan's Nikkei and China's CIS300 have lost 1.5% each. Hong Kong's Hang Seng is down 0.7%  while South Korea's Kospi is flat.  US stock indices slipped on Tuesday after five straight sessions of gains amid persistent worries over oil prices and slowdown in China.The Dow slid 0.6%, S&P 500 index dropped 1.1% and Nasdaq lost 1.3%. Crude oil futures tumbled as traders bet that weekly data will reveal a fourth straight climb in US crude inventories even as doubts prevail over an output freeze.

Investors on Wall Street were also bracing for a meeting of the European Central Bank (ECB) policy makers on Thursday, where are they are expected to announce further stimulus. Earlier, global stocks came under pressure after Chinese trade data showed exports falling for an eighth successive month. Chinese exports fell by a whopping 25.4% in February, compared with a 15% drop expected, while imports were down 13.8%.

Pharmaceuticals stocks could hog some limelight after US industry body said that India agreed to not issue ‘compulsory’ drug licences’. The USTR has placed India on its "priority watch" list for two years in a row saying the country's patent laws unfairly favour local drugmakers.

Stocks like NMDC and Coal India will be in focus as the cabinet is likely to consider mines ministry's proposal to allow auction of 100 mineral blocks for exploration as early as this week as the government tries to revive exploration activity in the country.

The Indian Rupee snapped its six days rising streak and closed weak on fresh demand of the American currency from importers and banks. A firm dollar against some global currencies overseas also weighed on the rupee.

In international markets, US dollar lost ground against the basket of currencies, with Sterling categorically registering an impressive rebound from the lows of 1.39 and moving towards the high of 1.425. Meanwhile, Euro is also trading firm around 1,10 levels. Market focus will be accentuated on ECB policy meeting next week, wherein the central bank is expected to increase the size or the duration of the monthly bond buying program.

Trishakti Power Holdings Private Limited has purchased total 50,000 shares of ACGL in a bulk deal, at a price of Rs. 400.50 from Hina Kirti Doshi in a bulk deal valued at Rs. 2 crore. Tista Tradelinks Private Limited has purchased total 500,000 shares of ADHUNIKIND in a block deal, at a price of Rs. 89.7 from OM Sarvavidya Consultants LLP in a block deal valued at Rs. 4.48 crore.

Any ambiguity faced by companies at the time of takeovers will now be a little more simplified, with SEBI stepping into the picture. With its move to peg shareholding limit at 25 per cent, the Securities and Exchange Board of India appears to signal its control in the area of mergers and acquisitions (M&As), said a Livemint report.

Amid swinging market movements and investor sentiments, as many as 21 small and medium enterprises (SMEs) are expected to mop up Rs. 180 crore via initial public offerings (IPO) as they have filed draft papers with the market regulator Sebi in 2016 so far.

The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Israel.

Suzuki Motorcycle India Ltd. (SMIPL) on Tuesday said that it had started the assembly of its flagship motorcycle Hayabusa at its plant in Gurgaon, Haryana.

NTPC Kudgi Super Thermal Power Project’s (STPP) first unit of 800 MW is set to start commercial production in September, reports a business daily.

The Bank of England (BOE) on Tuesday warned that the possibility of Britain choosing to leave the European Union (EU) represents the biggest domestic risk to the stability of the UK financial system.

Ashok Leyland to delist GDRs from London Stock Exchange -

The Board of Directors of the Company at its meeting held on March 05, 2016 the proposal to delist the GDRs of the Company from the London Stock Exchange Limited had been approved by the Board of Directors, subject to compliance of various formalities required in this regard 

Ashok Leyland Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2016 the proposal to delist the GDRs of the Company from the London Stock Exchange Limited had been approved by the Board of Directors, subject to compliance of various formalities required in this regard.

The underlying shares arising out of GDRs are listed with BSE Limited and National Stock Exchange of India Limited.

Stock commentary:

Ashok Leyland Ltd is currently trading at Rs. 92.7, down by Rs. 0.7 or 0.75% from its previous closing of Rs. 93.4 on the BSE.

The scrip opened at Rs. 93.9 and has touched a high and low of Rs. 94 and Rs. 92.4 respectively. So far 3667363(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26580.49 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.65 on 30-Nov-2015 and a 52 week low of Rs. 63.85 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 94.85 and Rs. 84.5 respectively.

The promoters holding in the company stood at 50.38 % while Institutions and Non-Institutions held 14.93 % and 34.69 % respectively.

The stock is currently trading below its 100 DMA.

Strides Shasun jumps 5.4%; to acquire 3 brands from Moberg Pharma for USD 10 mn

The pharma company has entered into an agreement with Moberg Pharma, Sweden and its affiliates to acquire Jointflex, Fergon and Vanquish brands for a total consideration of $10 million plus inventory value at closing.

Strides Shasun jumped 5.4% to Rs.1,090 on BSE. The pharma company has entered into an agreement with  Moberg Pharma, Sweden and its affiliates to acquire Jointflex, Fergon and Vanquish brands for a total consideration of  $10 million plus inventory value at closing.

The stock hit a high of Rs.1136.90 and low of Rs.1040 on BSE today. The total traded quantity was 0.99 lakh shares and two-week average quantity is 0.12 lakh.

The counter has seen trades of around 798-odd shares as against the two-week daily average volume of around 0.83 shares on the BSE. 

nox Wind gets orders for 52 MW wind projects from IOC & Gujarat Industries Power

As part of the two turnkey orders, Inox Wind will supply and install 26 units of its top rated 2MW DFIG 100 rotor diameter Wind Turbine Generators (WTGs).

Inox Wind Limited, India's leading wind energy solutions provider to IPPs, Utilities, PSUs,Corporates and Retail Investors, has baggedtwo orders of 26 MW each from two of India's leading Public Sector Undertakings. The company has bagged a 26 MW turnkey wind power project to be set up at Mahidad, in the state of Gujarat from Indian Oil Corporation Limited (IOCl). IOCl, a Maharatna Central Public Sector Enterprise, is India's largest commercial enterprise and is ranked amongst the world's largest corporates. Maintaining its momentum as India's leading wind power solutions provider, Inox Wind has bagged a further 26 MW turnkey order to be set up in Rojmal, Gujarat. The order was awarded by Gujarat Industries Power Company Limited (GIPCl), a leading Public Sector Undertaking engaged in the businessof electrical power generation.

As part of the two turnkey orders, Inox Wind will supply and install 26 units of its top rated 2MW DFIG 100 rotor diameter Wind Turbine Generators (WTGs). Inox Wind will be responsible for the entire project lifecvcle from manufacture and supply of WTGs to erection and commissioning as well as providing long term operations and maintenance servicesto the two projects.

"Inox Wind is extremely proud to work with two of India's leading enterprises. With the continued thrust that the government is providing to the development of renewable energy in the country, the wind sector in India is expected to be one of the fastest growing. The two orders further consolidate the company's market leadership position across institutional clients in the country." said Mr. Kailash Tarachandani, Chief Executive Officer of Inox Wind limited in his statement.

Ajanta Pharma climbs after USFDA approval

The pharma company has announced that it has received US FDA nod for Almotriptan Malate tablets.

Ajanta Pharma climbed 2.9% to Rs.1437 on BSE. The pharma company has announced that it has received US FDA nod for Almotriptan Malate tablets.

The scrip opened at Rs. 1421 and has touched a high and low of Rs. 1448.8 and Rs. 1420 respectively. So far 82348(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12295.53 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1720 on 12-Aug-2015 and a 52 week low of Rs. 1090 on 23-Mar-2015. Last one week high and low of the scrip stood at Rs. 1415.95 and Rs. 1274 respectively.

The promoters holding in the company stood at 73.78 % while Institutions and Non-Institutions held 10.76 % and 15.46 % respectively.

The stock is currently trading below its 200 DMA.

VA Tech Wabag jumps 5.4% after order win

Under the project, CMWSSB, a statutory body responsible for Water Supply and Sewerage Works under Chennai Metropolitan will construct a 45 Million litres per Day Water Reclamation Plant at Koyambedu, Chennai. 

VA Tech Wabag jumped 5.4% to Rs.464.60 on BSE.  The company has bagged order worth Rs.594 crores from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), Chennai, India for Construction and Operation & Maintenance {O&M) of a 45 MLD Tertiary Treatment Plant at Koyambedu,Chennai. 

Under the project, CMWSSB, a statutory body responsible for Water Supply and Sewerage Works under Chennai Metropolitan will construct a 45 Million litres per Day Water Reclamation Plant at Koyambedu, Chennai. 

The scrip opened at Rs. 455.7 and has touched a high and low of Rs. 468 and Rs. 454 respectively. So far 164845(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2400.84 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970 on 17-Mar-2015 and a 52 week low of Rs. 409.3 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 484.6 and Rs. 409.3 respectively.

The promoters holding in the company stood at 28.95 % while Institutions and Non-Institutions held 52.4 % and 18.65 % respectively.

The stock is currently trading above its 200 DMA.

VA Tech Wabag bags order worth Rs. 594 crore

The value of the EPC and O&M portion (for a period of 15 years) of the contract is Rs. 396 crores and Rs. 198 Crores respectively

VA Tech Wabag (WABAG), a leading Indian MNC in the water sector, in consortium with IDE Technologies has won an Rs.594 crores contract from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), Chennai, India for Construction and Operation & Maintenance {O&M) of a 45 MLD Tertiary Treatment Plant at Koyambedu,Chennai.

Under the project, CMWSSB, a statutory body responsible for Water Supply and Sewerage Works under Chennai Metropolitan will construct a 45 Million litres per Day Water Reclamation Plant at Koyambedu, Chennai. The project is a decisive step in the direction of domestic wastewater recycling thus creating alternate sources of water wherein treated water from the existing Koyambedu Sewage Treatment Plant will be recycled and conveyed to various industries at lrungattukottai, Sriperumbudur and Oragadam through a pipeline of approximately 72 km.

The project will adopt a state-of-the-art ultra-filtration and reverse osmosis technology to treat the secondary domestic waste water to provide a consistent quality of water to various industries and the scope includes supply, laying and maintenance of MS Transmission main for conveying this reclaimed water to various industries.

The value of the EPC and O&M portion (for a period of 15 years) of the contract is Rs. 396 crores and Rs. 198 Crores respectively. The Consortium will be responsible for execution of the complete plant and transmission pipeline where WABAG would act as the leader.

Commenting on this significant development, S Natrajan,Head of Sales, WABAG said,"I am happy that in a year of major orders being clocked from International geographies by the Company, we have secured this major contract from one of our key client, CMWSSB,Chennai which augurs well for the India cluster. With this water reuse order, WABAG has once again reinforced its global leadership position in the Water reuse and recycle sector."

Century Plyboards to consider declaration of interim dividend

The company has fixed March 16, 2016 as the Record Date for the purpose of Payment of Interim Dividend, if declared by the Board.

Century Plyboards (India) Ltd has informed BSE that the company has fixed March 16, 2016 as the Record Date for the purpose of Payment of Interim Dividend, if declared by the Board.

Stock commentary:

Century Plyboards (India) Ltd ended at Rs. 168.55, up by Rs. 2.9 or 1.75% from its previous closing of Rs. 165.65 on the BSE.

The scrip opened at Rs. 167 and touched a high and low of Rs. 169.6 and Rs. 164 respectively. A total of 137639(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3745.18 crore.

The BSE group 'B' stock of face value Rs. 1 touched a 52 week high of Rs. 258 on 24-Mar-2015 and a 52 week low of Rs. 135.45 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 169.6 and Rs. 145.55 respectively.

The promoters holding in the company stood at 73.34 % while Institutions and Non-Institutions held 13.98 % and 12.68 % respectively.

The stock traded below its 200 DMA.

Godrej Industries to consider declaration of interim dividend

Godrej Industries Ltd has informed BSE that the company has fixed March 16, 2016 as the Record Date for the purpose of payment of First Interim Dividend.

Godrej Industries Ltd has informed BSE that the company has fixed March 16, 2016 as the Record Date for the purpose of payment of First Interim Dividend.

The said interim dividend, if declared, will be paid on or before March 30, 2016.

Stock view:

Godrej Industries Ltd ended at Rs. 317.4, up by Rs. 4.9 or 1.57% from its previous closing of Rs. 312.5 on the BSE.

The scrip opened at Rs. 314.9 and touched a high and low of Rs. 321.45 and Rs. 313 respectively. A total of 242915(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10664.28 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 411.55 on 10-Aug-2015 and a 52 week low of Rs. 290.35 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 321.45 and Rs. 290.35 respectively.

The promoters holding in the company stood at 74.81 % while Institutions and Non-Institutions held 17.23 % and 7.97 % respectively.

The stock traded above its 200 DMA.