The Nifty Futures on the Singapore Exchange, an early indicator of Nifty's performance in India, remained little changed at 8,138.
Your Tuesday morning briefing
Read| https://t.co/i32VaTO6nD pic.twitter.com/nZ3ng1441QHere are the stocks to watch out for in today's session:
- Tata Steel: Signs Letter of Intent with Liberty House for potential sale of its speciality steels business for an enterprise value of 100 million pounds. (Click HERE for full report)
- India Cements: Competition Appellate Tribunal asks the company to deposit 10% of penalty within 1 month of the date of CCI order.
- HUL: Sees near-term pressure on economy post demonetisation.
HUL says market growth will be adversely impacted for a few months. https://t.co/B1Z42MqW7h @sharleendsouza
- GTL Infra: To consider strategic debt restructuring scheme.
- Reliance Capital: Issues non-convertible debentures worth Rs 20 crore for three years.
- Banco Products (India): Board to consider buyback proposal on December 8.
- State Trading Corporation of India: Rajiv Chopra, Director (Marketing) appointed as Chairman and Managing Director until February 17, 2017 or before a regular appointment is made.
- Tube Investments: Invests Rs 7.5 crore towards subscription of the equity share capital of TI Absolute. Company now holds 50 percent of the share capital of TI Absolute.
- CyberTech Systems and Software: Receives refund of Rs 6.97 crore from the Income Tax department towards earlier penalty paid by the company.
- Surana Solar: Awarded an EPC and OPM contract of 10 MW solar power plant at Paradip Port, Odisha. Value of the contract is worth Rs 60.6 crore.
- Edelweiss Financial Services: Wholly-owned subsidiary Edelweiss Asset Management Company completes the acquisition of the onshore fund schemes managed by JPMorgan Asset Management India Pvt. Ltd., including its India based onshore mutual fund business and the international fund of funds.
- Sun Pharma: Announces launch of its first branded ophthalmic product ‘Bromsite' in the U.S.
Sun Pharmaceutical's stock goes from worst to best.@SagarSalvi reports
Read | https://t.co/R9O8bZ1ZyS pic.twitter.com/BnxKikajKPMedia Reports
- PVR: SEBI asks company to explain the profit-sharing deal struck by its promoters with private equity investors. (Mint)
- Sun TV: Supreme Court issues notice to government and Sun TV to review security clearance to Red FM India. (Mint)
- Reliance Industries: Jio now ranks number 1 in mobile broadband user base. (Economic Times)
- Tata Sons: Asks Nusli Wadia to withdraw legal notice. (PTI)
- Maruti: Suzuki to invest Rs 2,600 crore in Gujarat through its unit Suzuki Motor Gujarat to build its second factory in India and an engine and transmission unit. (Mint)
- Shilpa Medicare: To consider convertible securities issue on December 1. (Bloomberg)
Sheela Foam IPO
- IPO opens today
- Closes December 1, 2016
- Price Band: Rs 680-730 per share.
- Bid Lot: 20 equity shares.
- The company also allotted 20.95 lakh equity shares at Rs 730 per share, raising Rs 153 crore from 14 anchor investors.
Earnings Reactions To Watch
- Cox & Kings
- Sadbhav Engg
- Triveni Engg
- Himachal Futuristic
- Hindustan Composites
Earnings To Watch Today
- Tata Power
- National Fertilizers
- Kanoria Chemicals & Industries
- Tamil Nadu Newsprint & Papers
BloombergQuint Exclusive: Urjit Patel On Indian Economy After Trump And Demonetisation
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