The Nifty Futures on the Singapore Exchange, an early indicator of Nifty’s performance in India, was little changed at 8,726.
Here are the stocks to watch out for in today’s session:
- Tata Group companies: Cyrus Mistry gets replaced as chairman. Ratan Tata to take over as interim chairman.
- JM Financial: Clarifies on IHL acquisition. Says proposed acquisition worth Rs 12.75 crore
- Vedanta: Subsidiary Sesa Mining Corporation Ltd., had suspended the work at Bicholim mines due to union agitation.
- Sasken Communication Technologies: To consider buyback of shares.
- Jubilant Life Sciences: To issue NCDs worth Rs 1,000 crore.
- Power Grid: Board of Directors approve amendment to investment of ‘North Eastern Region Strengthening Scheme - IV (NERSS - IV) at an estimated cost of Rs 409.19 crore.
- Power Grid: Wholly-owned subsidiary has successfully completed and declared commercial operation of the element Nagapattinam Pooling Station - Salem 765kV D/C Line
- Bodal Chemicals: Sells unit 5 of the company located at Bharuch in Gujarat to Makxan Products.
- Sayaji Hotels: Approves acceptance of sanction letter of Axis Bank for their credit facility worth Rs 24.50 crore.
- Jyothy Labs: Zero Coupon bonds worth Rs 400 crore have been revised from ‘CARE AA-’ to ‘CARE AA'
- Syndicate Bank: Sells additional Tier-I bonds worth Rs 1,000 crore.
- KEC International: To raise NCDs worth Rs 275 crore.
- Nava Bharat Ventures: The company has entered into a sale and purchase agreement with Chaleun Sekong Group Sole company to sell 100 percent shares in subsidiary Nava Bharat Lao energy PTE and 70 percent share sale in Namphak Power Com.
Media Reports:
- Emami: Looking to scale up its cement production from 4 million tonne to 15-20 million tonne in 3 to 5 years. (Mint)
- Bharati Defence: Intention to register itself as a sick industry fails on grounds of malafide intentions. (Financial Express)
- Fortis, Sun Pharma, RPG Life Sciences: Competition Commission of India approves RPG’s proposal to acquire seven brands of Sun Pharma and proposed restructuring of Fortis Group. (Business Standard)
- ONGC: To discuss bonus issue on thursday to boost liquidity. (PTI)
- JSW Energy: Inks MoU to set up power plant in Swaziland. (PTI)
- Jaiprakash Associates: Gets shareholder nod to sell cement business. (PTI)
- IDBI Bank: Unions threaten strike over wage revision
- Jet Airways: To operate wide bodied planes on more international routes.
IPO Watch
- PNB Housing Finance: Rs 3,000 crore IPO opens today at a price band of Rs 750-775 per share.
Earnings Reaction To Watch
- Idea Cellular: Second quarter net profit falls 88 percent to Rs 91.5 crore.
- Reliance Capital: Second quarter net profit rises 20.37 percent to Rs 130 crore against Rs 108 crore last year.
- Adani Enterprises: Consolidated net profit for second quarter falls 78 percent year-on-year to Rs 63.09 crore.
- Bharti Infratel
- Mahindra CIE Automotive
- Adani Transmission
- Navin Fluorine International
- Supreme Petrochem
- Wendt (India)
- Balaji Amines
- Gujarat State Fertilizers & Chemicals
- Swaraj Engines
- Ador Welding
- GeeCee Ventures
- Tata Metaliks
- Adi Finechem
- Rallis India
- Thyrocare Technologies
Earnings To Watch Today
- Axis Bank
- Bharti Airtel
- Adani Ports and Special Economic Zone
- Dr. Reddy's Laboratories
- Asian Paints
- HDFC Bank
- Kotak Mahindra Bank
- Zee Entertainment Enterprises
- ICICI Prudential Life Insurance Company
- IDBI Bank
- L&T Finance Holdings
- Hexaware Technologies
- IDFC Bank
- Coral India Finance & Housing
- Bharat Bijlee Limited
- Crompton Greaves Consumer Electricals
- Deep Industries
- Delta Corp
- Alembic Pharmaceuticals
- Arvind
- Gandhi Special Tubes
- Geometric
- Gujarat Lease Financing
- Granules India
- Gujarat Sidhee Cement
- Filatex India
- Indiabulls Ventures
- IFB Agro Industries
- Ortel Communications Limited
- Mahindra & Mahindra Financial Services
- Meghmani Organics
- Jyothy Laboratories
- Morarjee Textiles
- MPS
- State Bank of Mysore
- Kokuyo Camlin
- Krishna Filaments
- KSB Pumps
- PI Industries
- Piramal Phytocare
- Polaris Consulting
- Royal Orchid Hotels
- Shakti Pumps (India)
- Shemaroo Entertainment
- Rane Brake Lining
- The Tinplate Company of India
- Tamilnadu Telecommunication
- Shriram Transport Finance
- Symphony Limited
- Tata Investment Corporation
- Visaka Industries
- Welspun Corp
- Zodiac JRD- MKJ
- Zydus Wellness
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