Stocks To Watch: Adani Power, Cadila Healthcare, SBI, Strides Shasun
- India Grid Trust to list today
- SBI launches QIP issue
- ICICI Bank board approves proposal to list ICICI Lombard
- Adani Power to consider hiving off Mundra plant
- Strides Shasun gets form 483 from U.S. FDA
- Raymond shareholders reject proposal to sell JK House
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, was little changed at 9,687.
Your Tuesday morning briefing.https://t.co/w5Orq9uoMY pic.twitter.com/YMvOaD73ti
June 6, 2017Here are the stocks to watch out for in today's session:
India Grid Trust
- To list on the bourses today
- Issue price of Rs 100
- Issue was subscribed 1.35 times
State Bank of India
No discount for @TheOfficialSBI's qualified institutional placement. pic.twitter.com/ehU4xsXrBx
June 6, 2017
- To raise up to Rs 15,000 crore via QIP
- The issue is also likely to carry zero discount, bank sources to BloombergQuint
- Could issue 52.2 crore equity shares at a floor price of Rs 287.58 per share
- QIP will result in equity dilution of 6.14 percent
- Government's holding to fall to 57.5 percent from 62.2 percent
Adani Power
- To consider hiving off Mundra plant to its subsidiary Adani Power (Mundra) Ltd. today
- Gujarat Urja Vikas Nigam Ltd. (GUVNL) may buy 51 percent stake in the new subsidiary, PTI says
- GUVNL has a long-term power purchase agreement (PPA) with a substantially fixed tariff for 25 years
- Mundra plant was the largest single-location power generator in FY16
Also Read: India's Adani Approves Controversial Coal Project in Australia
ICICI Bank
- Board approves proposal to list ICICI Lombard General Insurance and to sell partial stake in the same
- Net profit for the FY17 for ICICI Lombard was up 38 percent at Rs 701.88 crore
- Solvency ratio is 210 percent
- Book value per share is Rs 82.57
- Foreign ownership is 34.3 percent
- Raymond: Shareholders reject proposal to sell JK house to promoters and extended family at substantial discount
- Strides Shasun: U.S. FDA issues form 483 for its South Bengaluru plant with three observations
- Cadila Healthcare: Received Establishment Inspection Report (EIR) from the U.S. FDA for its Baddi facility
- HDIL: Societe Generale buys 25.3 lakh shares or 0.58 percent stake at Rs 92.04 each
.@jetairways to add more to its fleet, report @_benkatz & @anuragkotoky reporthttps://t.co/nrEwE6pyFT pic.twitter.com/99CMt49v4W
June 6, 2017Other Corporate Announcements
- NDTV: Clarifies that the CBI raids were based on a compliant by a former employee related to a loan from ICICI bank which has been repaid more than seven years ago
- Wipro: Shareholders approve issue of bonus shares. Also clarifies that the news of promoters in early stage of evaluating sale of part or whole business as 'baseless and malicious'
- Bharat Petroleum: Seeks shareholder nod to approve bonus issue
- Coral India Finance and Housing: Announces 5:1 stock split
- Indiabulls Real Estate: To issue NCDs worth Rs 75 crore on a private placement basis
- Alankit: Promoters enter into a share purchase agreement to acquire 5.4 crore shares or 37.78 percent stake in the company triggering an open offer to acquire 3.71 crore shares
- Capital First: Raised Rs 50 crore via issue of NCDs on private placement basis
- M&M Financial Services: To issue NCDs worth Rs 70 crore
- Gufic Biosciences: Received two patent certificates from Indian Patent Office of the Government of India
- Aditya Birla Nuvo: NCLT approves composite scheme of arrangement between company and Grasim Industries
- Singer India: Promoter sold 61,000 shares or 0.57 percent stake at Rs 232.49 each
- Scooters India: Government invites bids for bankers to advice strategic divestment of the company
Stampede Capital
- Promoter Usha Rani sold 15.5 lakh shares at Rs 19.65 each
- Bright Star Equities Pvt. Ltd. bought 30 lakh shares or 1.3 percent stake at Rs 19.65 each
Raymond shareholders reject a proposal for sale of JK House to promoters & extended family at a substantial discounthttps://t.co/QZUmphMvCM
June 5, 2017Today's Nifty Call
NSE IPO to hit the market before year-end, says Chairman Ashok Chawla.https://t.co/59WyICNXqk pic.twitter.com/kCluQ8oLxn
June 5, 2017Brokerage Calls
- Ahluwalia Contracts India: Cut to 'Hold' at Reliance Securities
- AIA Engineering: Cut to 'Hold' at Centrum Wealth Management
- Hindustan Unilever: Cut to 'Hold' at ICICIdirect with price target of Rs 1,120
Farm loans worth $40 billion, equivalent to 2% of GDP, may be waived ahead of 2019 polls, BofA ML warns.https://t.co/NmsloWyCUm pic.twitter.com/ur2Y5QrbJ6
June 5, 2017Stocks In F&O Ban
- DLF
- GMR Infrastructure
- Indiabulls Real Estate
- Infibeam Incorporation
- Jaiprakash Associates
- Reliance Communications
- Reliance Capital
Economists say RBI likely to hold rates despite slower growth, easing inflation.@alexandermats @visshy_ithttps://t.co/oZFtLVSeXP pic.twitter.com/7b9WX3a3lr
June 5, 2017Media Reports
- Hindustan Petroleum: To raise Rs 27,000 crore for Rajasthan Refinery. (Mint)
- DEN Networks: To exit TV commerce business. (Mint)
- CARE Ratings: Plans 10 percent share buyback. (Economic Times)
- Telecom Companies: COAI writes to Finance Ministry seeking cut in GST rates for sector. (PTI)
- ICICI Bank: Commissions 200 solar-powered ATMs. (PTI)
- ITC: Enters frozen food market, eyes sauce, condiments. (Mint)
BHEL proposes 79% dividend for FY17. https://t.co/l5FyjgPPRh pic.twitter.com/Z6eQz2DcDR
June 5, 2017
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
