NBCC, Punj Lloyd, Canara Bank in Focus Today

  1. Punj Lloyd is planning to raise over Rs 1,000 crore through sale of non-core assets. Proceeds from the asset sale will be used to pare debt and for new investment. The company plans to close deal by end of October.
  2. National Buildings Construction Corporation (NBCC) has bagged an order worth Rs 338 crore from IIT Kanpur for project management consultancy works.
  3. Canara Bank will raise Rs 1,500 crore in Tier-1 capital to support asset growth in the current financial year and to maintain comfortable capital adequacy.
  4. 8K Miles Software Services will report its earnings for the quarter ended September 30, 2014. Its stock prices have increased nearly five times in this year so far. DSP BlackRock, Sundaram BNP Paribas mutual funds have recently bought shares of the company.
  5. JBM Auto shares will go ex-split and ex-bonus today. The company had declared bonus issue in the ratio of 1:1 and its shares having face value of Rs 10 will be split into two shares of Rs 5 face value each.
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