Signage for the Bombay Stock Exchange (BSE) is Displayed Next to a Bronze Bull Statue at the Entrance to the BSE Building in Mumbai (Photographer: Dhiraj Singh/Bloomberg)
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, gained 0.3 percent to 9,141.
Your Wednesday morning briefing.https://t.co/uOuO12gd45 pic.twitter.com/uoFQK7f8S3
Here are the stocks to watch out for in today's session:
TCS
- Partners with Discovery Education Partner to prepare one million students for 21st century careers
- Announces launch of 'Ignite my Future In School,' a multi-million dollar intiative to transform education in America
V-Guard Industries
- Gets in-principle approval to acquire majority stake in the equity stake of GUTS Electro-Mech Ltd., a Hyderabad-based company
- Company engaged in the manufacturing and marketing of various kinds of domestic switch gears and current transformers
- Acquisition subject to due dilligemce and requisite approvals from necessary authorities
Why are brokerages bullish on M&M?@OnlyNickey reportshttps://t.co/CrHfFnbTt0 pic.twitter.com/eVIIIq5QK0
Om Metals
- Bags letter of intent from IndraSagar Project, from the Narmada Valley Development Authority
- Order for supply and laying of pipelines on the right bank of the Upperveda Project
- Project to be done on a turnkey basis and amounts to Rs 13.5 crore
Indiabulls Ventures
- Board approves preferential offer and issue of upto 3.38 crore convertible warrants to promoter group entities Innus Properties Pvt. Ltd. Innus Developers Pvt. Ltd
- Warrants are convertible into equivalent number of equity shares of Rs 2 each at an exercise price of Rs 43.75 per share
- Total equity investment by the two investors would aggregate upto Rs 147.87 crore post conversion of warrants
- Allotment of warrants to augment long-term resources of the company and for meeting funding requirements for its business purposes
Indowind Energy
- Completes re-powering of 1,920 MW wind farm capacity at Hanumsagar, Karnataka
- Commences making changes of 3.025 MW wind farm capacity at Tirunelveli, Tamil Nadu
- Addition to generate additional annual revenue of Rs 2.5 crore
SBI to raise stake in credit card joint venture to 74% by June-end.https://t.co/WNQzf6qdoA pic.twitter.com/4LmsPdE6MH
- PNB Housing Finance: Quality Investment Holdings acquires 6.21 crore shares or 37.55 percent stake from Destimoney Enterprises
- Coffee Day Enterprises: Step-down subsidiary of the company 'Way2Wealth Brokers Pvt. Ltd. has transferred its entire stake in its subsidiary Way2Wealth Illuminati Pte. Ltd. to fellow subsidiary Alphagrep Securities Pvt. Ltd. from March 28, 2017
- Sundaram Fastners: Acquires 16.8 lakh equity shares or a 24 percent stake in Sundaram Precision Components Ltd. from Bleistahl Produktions GmbH & Co. KG for Rs 5.3 crore at Rs 31.45 per share
- Persistent Systems: To provide integration and implementation services to support customers using Amazon Connect, a new cloud-based customer contact center from Amazon Web Services
- TV Today Network: Living Media India Ltd. will gift its 21.01 percent stake in India Today Online Pvt. Ltd. to the company
- Himachal Futuristic Communications: Allots NCDs worth Rs 29.5 crore
- Cera Sanitaryware: Subsidiary Anjani Tiles Ltd. has allotted a further 10.2 lakh shares of Rs 10 each to the company
- Lakshmi Machine Works: Nemish Shah buys 4.91 lakh equity shares or 4.5 percent stake in the company for Rs 4,095 per share to increase his total holding to 7.93 percent
- Grindwell Norton: Nemish Shah buys 6.26 lakh equity shares or 0.56 percent stake for Rws 338 per share
- Bharat Forge: Nemish Shah buys 18 lakh equity shares for Rs 1,015 per share
- Gammon Infrastructure: HSBC Global Investment buys 7.8 million shares at Rs 3.94 per share from BNP Paribas Arbitrage
- GVK Power & Infrastructure: HSBC Indian Equity buys 13.2 million shares in the company for Rs 6.01 per share from Copthall Mauritius Investment
PVR sets a target of 1,000 screens in next 4 to 5 years.https://t.co/YCtWO0V9ks
Media Reports
- Tata Motors: Signs wage agreement with the union. (Financial Express)
- L&T: Bags redevelopment contract for BDD Chawls. (Financial Express)
- Purvankara: Sells 19 acrer land for Rs 475 crore. (Financial Express)
- Dhanuka Agritech: Completes share buyback worth Rs 80 crore. (Financial Express)
- Coal India: Asks coastal power companies to use domestic coal. (Financial Express)
- Ashok Leyland: To invest Rs 400 crore on LCV development. (Business Standard)
- Lupin: Expects muted growth in the U.S. despite new launches. (Business Standard)
- SBI: Spent Rs 775 crore in maintaining Jan Dhan accounts. (Mint)
SBI expects to complete the merger of six banks in three months.https://t.co/SKUQlb4NPR
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