The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, fell 0.2 percent to 9,617.
Your Thursday morning briefing.https://t.co/bzV6Ly3r27 pic.twitter.com/Tc3Kq4zY2I
Here are the stocks to watch out for in today's session:
- Pfizer: Acquired 'Neksium' brand from AstraZeneca for Rs 75 crore
- BPCL, HPCL, Indian Oil Corp.: Petrol prices hiked by Rs 1.23 per litre while diesel prices hiked by Rs 0.89 per litre
- MOIL: Company increases prices by 10 percent
- Bharat Gears: To avail a term loan of Rs 110 crore from KKR India Financial Services to repay its existing term debts, working capital requirements and capital expenditure
- IVRCL: Joint Lenders Forum approached by an investor with a non-binding offer to acquire stake in the company. Company believes that the lenders have been approached by an investor pursuant to SDR provisions stipulated by the RBI
- JK Paper: To issue equity shares worth 2.4 million Euros against FCCBs
- Future Market Networks: To acquire 50 percent stake in Future Retail Destination Ltd. from IL&FS Township and Urban Assets Ltd. for a total consideration of Rs 14 crore
- Kolte Patil: Completes Phase I of its 'Three Jewels' project in Pune. 812 apartments are ready for posession
Vadilal Industries
- Ashish Kacholia bought 38,750 stake or 0.5 percent stake for Rs 790.39 each
- Kacholia's total holding in the company increases to 5.8 percent from 5.3 percent
- Nisarg Vakharia sold 1 lakh shares or 1.4 percent stake for Rs 795.8 each
Bharti Infratel sounds out banks to fund Indus Towers buyout, report @talktosanjai @sidyoutwit George Alexanderhttps://t.co/2i6ZulEQyq pic.twitter.com/vELini4BvQ
Today's Nifty Call
Sell in May and go away? Not anymore! @jayeshkhilnani reports.https://t.co/iRaDstcKWR pic.twitter.com/SHPE1AbmAH
Brokerage Calls
- Finolex Cables: Cut to 'Hold' at Sharekhan with price target of Rs 530
- IPCA Lab: Raised to 'Hold' at Emkay with price target of Rs 480
- J Kumar Infraprojects: Cut to 'Neutral' at Phillip Secs
- Jagran Prakashan: Cut to 'Accumulate' at Arihant Capital
- KEC International: Raised to 'Outperform' at Centrum Wealth
- KNR Constructions: Raised to 'Buy' at Emkay with price target of Rs 240
- NTPC: Cut to 'Hold' at ICICIdirect with price target of Rs 176
- TTK Prestige: Cut to 'Sell' at Anand Rathi Securities
- United Spirits: Cut to 'Neutral' at HDFC Securities
- Wabco India: Cut to 'Reduce' at ICICI Securities with price target of Rs 5,124
- Ahluwalia Contracts India: Cut to 'Hold' at Anand Rathi Securities
Source: Bloomberg
Thermax expects high single-digit growth in order intake in FY18. @onlynickey reports. https://t.co/hDE7zLuD85 pic.twitter.com/h1jnFUBmbl
Bulk Deals
Dhampur Sugar Mills
- Anil Kumar Goel bought 3.81 lakh shares or 0.6 percent stake at Rs 181.48 each
- HSBC GIF Asia Ex-Japan Equity Smaller Companies sold 3.65 lakh shares or 0.55 percent stake at Rs 182.77
Divi's Laboratories
- Integrated Core Strategies (Asia) bought 22.85 lakh shares or 0.9 percent stake at Rs 582.12 each
- Barclays Global Fund Advisors sold 23.73 lakh shares or 0.9 percent stake at Rs 582.9 each
Persistent Systems
- Government Pension Fund Global bought 9.28 lakh shares or 1.2 percent stake at Rs 606 each
- Rama Purushottam Foundation sold 14.31 lakh shares or 1.8 percent stake at Rs 607.28 each
- ICICI Bank: Blackrock Emerging Markets Fund bought 3.53 lakh shares or 0.6 percent stake at Rs 326.33 each
- Rural Electrification Corporation: Barclays Global Fund Advisors bought 2.17 crore shares or 1.1 percent stake at Rs 193.35 each
- Aries Agro: Prosperous Vyapaar Pvt. Ltd. sold 65,268 shares or 0.5 percent stake at Rs 146.39 each
- Reliance Communications: Capital Research and Management Co A/C New World Fund Inc sold 1.8 crore shares or 0.7 percent stake at Rs 18.8 each
First private InvIT in India aims to raise $400 million by July. @talktosanjai & @aantony12 report.https://t.co/Akha1rDvHg pic.twitter.com/sIhylujHQw
Stocks In F&O Ban
- Jaiprakash Associates
- Reliance Communications
- Reliance Capital
Toothpaste contributes to more than three-fourths of Patanjali's Rs 4,490 crore sales. https://t.co/f5eFgo76B0 pic.twitter.com/OlJ9B7KSae
Media Reports
- Reliance Industries: Airtel alleges that Jio is disguising prepaid customers as postpaid ones in Jammu and Kashmir. (Business Standard)
- Rural Electrification Company: Says 10 percent lending this financial year will be in the renewable energy segment. (Business Standard)
- Bharat Electronics: Eyes fresh EVM orders to push revenue. (Business Standard)
- Axiscades: To form JV to focus on energy, nuclear sector. (PTI)
- GTPL-Hathway: To float a Rs 600 crore IPO in June. (PTI)
- Cadila Healthcare: Zydus gets U.S. FDA nod for generic epilepsy drug. (PTI)
- Jet Airways: Says average international fares fall 9.1 percent year-on-year. (Bloomberg)
- Reliance Communications: Bankers to meet next week amid concerns of company's loans turning NPAs. (Economic Times)
- Maruti Suzuki: To bring fleet of SUVs following success of Vitara Brezza. (Economic Times)
Petrol price hiked by Rs 1.23 per litre, diesel by 89 paise.https://t.co/pFP3Sihyja pic.twitter.com/a027OtE00g
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