The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty's performance in India, was little changed at 8,747.
Your Friday morning briefing.https://t.co/2V0BhLvLyH pic.twitter.com/lHerTocx5E
Here are the stocks to watch out for in today's session:
Tata Power
- Completes acqusition of NELCO's defence business of unattended ground sensors (UGS)
- UGS part of NELCO's automation and control segment
- UGS business involves supply, installation and servicing of sensors for the Ministry of Defence
Cosmo Films
- Commences new Biaxially Oriented Polypropylene Film (BOPP) line at Karjan in Gujarat
- Commencement ahead of schedule and lower capital cost then plans
- New line is the most advanced and largest line available in the world
- BOPP line has a capacity of 60,000 MT per annum
- Ujjivan Financial Services: Commences operations as a small finance bank from February 1, 2017 completing business transfer of its business to Ujjivan Small Finance Bank.
- Aegis Logistics: Looking to increase its stake in Sea Lord Containers Ltd. by 8.53 percent by offering the public shareholders a price of Rs 576.1 per share
- Subros: Receives an order of 306 kits of HVAC units from Indian Railways, Varanasi for which supplies are to be executed.
- Axis Bank: Board of Directors pass a resolution approving allotment of 3 years Senior Floating Rate Notes aggregating to $10 million.
- Narayana Hrudalaya: JPMorgan Mauritius Holdings exit the company by selling 1.5 million shares. Franklin Templeton enters the company by buying 1.84 million shares.
Tata Motors silent on Nano's future as it overhauls car division, reports @sajeetkm https://t.co/c6D0NHEra4 pic.twitter.com/Sem1Iw9oMH
Media Reports
- Ashok Leyland: Opens new assembly plant in Dhaka. (Bloomberg)
- Aurobindo Pharma: Company and Mylan lose court bid to invalidate Onglyza patent. (Bloomberg)
- IndusInd Bank: Revives merger talks with Bharat Financial Inclusion. (Economic Times)
- Aditya Birla Retail: May refinance Rs 1,500 crore debt as it looks to reduce interest costs. (Mint)
After back to basics budget, let's get on with the “grandmother” of bull markets: Ridham Desaihttps://t.co/hE7I69Huvs pic.twitter.com/ze2ID5vL20
IPO Watch
- Bombay Stock Exchanges, which recently concluded its Rs 1,243-crore initial public offering, will list on rival National Stock Exchange (NSE) today. The issue was subscribed 51 times.
Earnings Reaction To Watch
- TD Power Systems
- Glenmark Pharmaceuticals
- Take Solutions
HCC hopes to win arbitration awards worth Rs 1,721 crore in March, CFO Praveen Sood tells @ChitnisPurva https://t.co/zYUE40BDfi pic.twitter.com/cm11xA2chQ
Earnings To Watch Today
- Torrent Pharma
- MRF
- ACC
- Manpasand Beverages
- Strides Shasun
- Jet Airways
- Whirlpool of India
- PVR
- Dalmia Bharat
- JK Lakshmi Cement
Shot in the arm for Reliance Jiohttps://t.co/gDOVLxzePm
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