- Wipro bonus shares available to trade
- Canara Bank to offload stake in CARE Ltd.
- L&T construction arm wins order worth Rs 2,231 crore
- NBCC to develop smart city in New Delhi
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, fell 0.34 percent to 9,641.
Your Wednesday morning briefing.https://t.co/Yv7UZrITXm pic.twitter.com/apwlxgcjQH
Here are the stocks to watch out for in today's session:
- Wipro: Bonus shares available for trading
- Shriram City Union: Deutsche Bank, HK releases pledge of 20.35 percent shares held by Dynasty Acquisition
- Tech Mahindra: Sells step-down arm to Talkpool AG for $5.2 million (Cogencis)
- Canara Bank: To offload 8.9 percent stake in CARE Ltd. at a floor price of Rs 1,500
- L&T: Bags EPC order worth Rs 287 crore for the development of 50 MW solar power grid from NHPC in Tamil Nadu
- NBCC: To develop smart city in Ghitorni in New Delhi. (Cogencis)
Canara Bank invites merchant bankers for CARE stake sale.https://t.co/EnvjXwrxxD pic.twitter.com/G8opeP1Y9N
Other Corporate Announcements
- Grasim Industries: Merger with Aditya Birla Nuvo to be effective from July 1. Record date fixed at July 6, 2017
- Seamec: Entered into a contract with L&T Hydrocarbon Engineering for hire of vessel 'Seamec III'
- A2Z Infra: To sell its stake in Star Transformers Ltd. for a consideration of Rs 5.22 crore
- Piramal Enterprises: Board approves issue of NCDs up to Rs 600 crore with an option to retain over-subscription of Rs 500 crore, aggregating to a total issue size of Rs 1,100 crore on a private placement basis
- Somany Ceramics: Issued commercial papers worth Rs 40 crore
- Bajaj Corp: To seek shareholder approval to raise Rs 1,000 crore
- Country Club: Board Meeting on June 27 to consider sale of assets
- Kirloskar Oil Engines: Received board approval for acquisition of 100 percent stake in La Gajjar Machineries Pvt. Ltd.
- Magma Fincorp: Board approves merger with Magma Advisory Services
Adani Enterprises is set to begin work on its Australian project even as group debt stays high, reports @onlynickey.https://t.co/hN5AU3EUje pic.twitter.com/O9V1I54CVU
Today's Nifty Quote
Goldman Sachs has a pick each from pharmaceuticals, financials, auto and infrastructure.https://t.co/1nLfz8l5WX
Stocks In F&O Ban
- Allahabad Bank
- Bank of India
- BEML
- DLF
- HDIL
- IndiaBulls RealEstate
- IFCI
- Infibeam Incorporation
- Jaiprakash Associates
- Kaveri Seeds
- Oriental Bank of Commerce
- Reliance Communication
- Wockhardt
Hefty future debt repayments could hurt Idea Cellular, reports @soumeet_sarkar.https://t.co/xOiDzr1UO3 pic.twitter.com/puBVYRxgH4
F&O Stocks To Watch
- Tata Power: Top Nifty gainer; open interest rises 4 percent
- Indiabulls RealEstate: Open interest down 9 percent as stock remains in F&O ban
- Hexaware: Open interest rises 21 percent after fresh longs seen
- Eicher Motors: Open interest rises 12 percent; fresh shorts build up seen
- Lupin: Sees fresh shorts; open interest rises 5 percent
M&M more preferred than Volkswagen, Toyota.https://t.co/nrXbUm04ra pic.twitter.com/lX0iTBoKYA
IPO Watch
- GTPL Hathway raises Rs 145 crore from anchor investors
- CDSL IPO subscribed 7.5 times on Day 2
- Eris Lifesciences IPO oversubscribed 3.29 times on last day
Eris Lifesciences IPO subscribed over 3 times on final day.https://t.co/W7E7lDLWT7 pic.twitter.com/fdNjZQaDSu
Media Reports
- Adani Enterprises: Chinese major inks deal with Adani group to invest $300 million in setting up manufacturing units at the Mundra SEZ. (Hindu Business Line)
- Maruti, M&M: June car sales may slide 8 percent on GST concerns. (Economic Times)
- L&T: ABB in talks to buy out company's electrical business which is valued at Rs 14,000-18,000 crore. (Economic Times)
- SBI: To take Monnet Ispat case to NCLT. (Business Standard)
- GMR Infrastructure: To bid for airports in Serbia, Jamaica. (Business Standard)
- Reliance Industries: Jio seeks CCI nod for spectrum sharing with Reliance Communications. (PTI)
- Indian Oil: Kochi LPG terminal will ease backlog in Kerala, management says. (PTI)
- Raymond: Sets up greenfield garment manufacturing facility in Africa. (PTI)
Worsening state finances keeps JPMorgan cautious on L&T. @darshanvmehta1 reports.https://t.co/N3mC8u1b9j pic.twitter.com/OwNzwmd2cU
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