The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, gained 0.17 percent to 9,145.
Your Monday morning briefing.https://t.co/SE84Zjzx4i pic.twitter.com/GmrAvsnkZx
Here are the stocks to watch out for in today's session:
Indiabulls Ventures
- Board of directors approve preferential offer and issue of 4.73 crore equity shares to Singapore-based Tamarind Capital Pte Ltd.
- Shares to be issued at a price of Rs 94.70 aggregating to a total of Rs 448.78 crore
- Issuance of shares to augment the long-term resources of the company to meet funding requirements for its business purposes
- EGM convened on May 22 to seek shareholder approval for the same
Divi's Laboratories
- U.S. FDA issues warning letter for the company's Unit-II at Visakhapatnam
- Import alert issued by the U.S. FDA exempts several products manufactured at the said unit
- Company says making all efforts to meet the compliance requirements
- Company to respond with a detailed plan within the stipulated time
- IRB Infra: Units of company's InvIT fund files offer document for IPO
- Dr. Reddy's Laboratories: Announces launch of Progesterone capsules in the U.S.
- Wockhardt: Board meeting on May 4 to consider various fund raising options
- GE Shipping: Board to meet on May 5 to consider issue of NCDs up to Rs 1,000 crore. Also signed a contract to buy a medium range product tanker
- IMP Powers: Wins orders worth Rs 62 crore from Tamil Nadu Transmission
- TV Today: Gets letter from Ministry of Information & Broadcasting for migration of 3 FM stations to phase-III. Paid migration fees worth Rs 71.36 crore
- Shriram City Union Finance: Board meeting on May 2 to consider issue of NCDs
- Advanced Enzymes: Approves investment in Advanced biodiesel worth Rs 3.75 crore
- Trident: Board meeting on May 9 to consider issue of NCDs
Will the GST Network be ready for a July 1 launch? Chairman Navin Kumar talks to @menakadoshi.https://t.co/5SnlPV7unj pic.twitter.com/5IiUjzHreD
Media Reports
- Hero MotoCorp: Activa surpasses Splendor as the largest selling 2-wheeler brand in FY17. (Economic Times)
- Maruti Suzuki: To launch new model of its popular Swift Dzire model next month. (Financial Express)
- Ashok Leyland: Plans to spend Rs 500-600 crore on capex. (Financial Express)
- Zee Entertainment: To expand European footprint with entry into Poland. (Business Standard)
- Inox Leisure: Eyes revenue worth Rs 2,000 crore in 3 years. (PTI)
- JSW Steel: Plans to increase capacity to 45 million tonne by 2030. (PTI)
- Jaiprakash Associates: Buys 20 percent stake in Yamuna Expressway. (Bloomberg)
- TTK Prestige: To consider mid-year dividend for FY17. (Bloomberg)
- IDFC: Company's arm picks up 33 percent stake in Ascend Telecom Infrastructure Pvt. Ltd. for Rs 365 crore. Also bought NCDs worth Rs 220 crore. (Mint)
- Fortis Healthcare: General Atlantic shows interest in buying stake of promoters in the company. (Mint)
PVR looking at increasing contribution from its non-core businesses.https://t.co/rt0VcoqoYl
Bulk Deals
Dalmia Bharat Cement
- KKR sells 75 lakh shares at Rs 2,045 each
- Smallcap World Fund buys 27.59 lakh shares at Rs 2,030 each
- Franklin Templeton buys 7.5 lakh shares at Rs 2,050 each
- Birla Mutual Fund buys 8.7 lakh shares at Rs 2,050 each
Kamat Hotels
- Clearwater Capital Partners sell 6.57 lakh shares Rs 45.7 each
- Niku Mercantile buys 1.2 lakh shares at Rs 45.14 each
Max Financial Services
- Goldman Sachs subsidiary Xenok Ltd. sold 1.3 crore shares at Rs 616.47 each
- Citigroup Global Markets bought 17.4 lakh shares at Rs 615
Trump administration official says TCS, Infosys, Cognizant are 'flooding the system' with H-1B applications. https://t.co/aoBikcpSN5
Earnings Post Market Hours
ACC
- Q1 net profit falls 9.8 percent to Rs 211.50 crore from Rs 234.62 crore
- Q1 revenue up 9.26 percent to Rs 3,631.05 crore against Rs 3,323.17 crore
Tata Metaliks
- Q4 net profit up 5 percent to Rs 40.36 crore from Rs 38.41 crore
- Q4 revenue up 9.2 percent to Rs 415 crore from Rs 379 crore
Tinplate Company of India
- Q4 net profit up 75 percent to Rs 11.02 crore from Rs 6.31 crore
- Q4 revenue up to Rs 270.89 crore from Rs 167.5 crore
HDFC expects government's housing subsidy scheme to be a game changer. https://t.co/GlApAKUQbE pic.twitter.com/tddabF54az
Earnings To Watch
- Reliance Industries - GRM seen at $11 per barrel; Net Profit seen at Rs 8,021 crore.
- Ultratech Cement - Revenue seen at Rs 6,476 crore; Net Profit seen at Rs 665 crore.
- Hexaware Technologies - Revenue seen at Rs 942 crore; Net Profit seen at Rs 111 crore.
- Indiabulls Housing Finance - Revenue seen at Rs 1,520 crore; Net Profit seen at Rs 831 crore.
Source: Bloomberg Consensus Estimates
Investors look towards earnings to sustain momentum after Reliance Industries' 30% rally in 2017 so far. https://t.co/EOhuRMZW6x
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
