Stocks To Watch: Cyient, Petronet LNG, Reliance Capital, Tata Steel
- Reliance Capital to list Life Insurance arm
- Franklin Templeton Mutual Fund buys stake in Cyient
- Motilal Oswal downgrades GAIL (India) to ‘Sell' from ‘Neutral'
- GDF International plans to sell entire 10 percent stake in Petronet LNG, sources say
- CLSA upgrades Indian steel stocks; Tata Steel target price upgraded to Rs 710
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, fell 0.12 percent to 9,684.
Your Thursday morning briefing.https://t.co/mDgNtGTwlq pic.twitter.com/bX0q3tkfM2
June 8, 2017Here are the stocks to watch out for in today's session:
Reliance Capital
- To list Reliance Nippon Life Asset Management on the indices
- To initially offer 10 percent stake in the IPO and increase public shareholding to 21 percent by 2021
- Current assets under management for RNAM stand at Rs 3,58,059 crore
- Indiabulls Ventures: Capital investment into wholly-owned subsidiary IVL Finance has increased its net worth to Rs 1,000 crore. IVL Finance Ltd. will undertake consumer finance business
- Petronet LNG: GDF international is said to mull offloading its entire stake at a price range of Rs 417-440.
Cyient
- Franklin India Smaller Companies Fund buys 7.59 lakh shares or 0.67 percent stake at Rs 496 each
- Franklin Templeton Mutual Fund A/C Franklin India Prima Fund buys 7.59 lakh shares or 0.67 percent stake at Rs 496 each
- Carrier International Mauritius Ltd. sells 16 lakh shares or 1.4 percent stake at Rs 496.08 each
Persistent Systems
- ICICI Lombard General Insurance Company Ltd. buys 7.97 lakh shares or 1 percent stake at Rs 624 each
- Rama-Purushottam Foundation sells 8 lakh shares or 1 percent stake at Rs 624 each
HUL MD & CEO Sanjiv Mehta's FY17 remuneration stood at Rs 14.20 crore.https://t.co/BWiqiZVBWJ pic.twitter.com/bgIfIeEc95
June 8, 2017Other Corporate News
- Bharat Wire Ropes: JM Financial Products and JM Financial Services increased their holdings in the company to 11.34 percent post a 1.15 percent stake buy through an off-market transaction
- Amtek Auto: To hold board meeting on June 10, 2017 to consider issue of shares on preferential basis
- Mahindra and Mahindra: Step-down subsidiary Mahindra Automotive North America incorporated wholly-owned subsidiary 'Mahindra Vehicle Sales and Services'
- Wheels India: Incorporated wholly-owned subsidiary 'WIL Car Wheels Ltd.'
- Fedders Lloyd Corporation: To change the name to Feeders Electric and Engineering Ltd. and trading symbol to FEDDERELEC with effect from June 13.
- Endurance Technologies: To undertake capacity expansion at its Chennai plant from the existing 8,161 million tonne to 12,250 million tonne for an investment of Rs 9.12 crore
- Anant Raj: NCLT directs company to call meeting of shareholders and creditors to consider and approve composite scheme of arrangements
- Cyient: Subsidiary to be the approved product supplier to UTC Aerospace Systems
- Edelweiss Financial Services: Issues perpetual bonds on private placement basis worth Rs 300 crore
- M&M Financial Services: To issue NCDs worth Rs 125 crore
- Prakash Industries: BNP Paribas Arbitrage buys 19.81 lakh shares or 1.4 percent stake at Rs 91.54 each
"I think the merger itself will only strengthen Indian banks," says @arunjaitley on PSU bank consolidation. https://t.co/rXspSeu6vh pic.twitter.com/ZFT7X8Qd88
June 8, 2017Today's Nifty Call
Murthy can't ask for pay cuts to save jobs, says Mohandas Pai. @nsd308 reports.https://t.co/dBvfasbzH8 pic.twitter.com/OaZ2wn8K7t
June 7, 2017Brokerage Calls
- Cadila Healthcare: Raised to 'Buy' at IDBI Capital Market
- Siyaram Silk Mills: Raised to 'Outperform' at Centrum Wealth
- Tata Consultancy Services: Cut to 'Reduce' at Nomura
Source: Bloomberg
Reliance Capital to list AMC arm in FY18, reports @alexandermats https://t.co/wkCWQGe4w6 pic.twitter.com/uyLsG1ExF1
June 7, 2017Stocks In F&O Ban
- DLF
- GMR Infrastructure
- Indiabulls Real Estate
- Infibeam Incorporation
- Jaiprakash Associates
- Reliance Communications
Tata Sons gets Rs 10,000 crore from TCS buybackhttps://t.co/s8rRNWOn8a pic.twitter.com/CnURHhe0av
June 7, 2017Media Reports
- Gujarat Pipavav Port: Put up for sale by APM Terminals. (Economic Times)
- TCS: Buyback made Tata Sons richer by Rs 10,000 crore. (Economic Times)
- Zensar Technologies: Sets up R&D centre in Pune Campus, plans one in the U.S. (Economic Times)
- Infosys: Drops long-term targets. Forms panel to advise CEO Vishal Sikka. (Mint)
- Tata Motors: JLR sales rise 1 percent in May. (Economic Times)
- Piramal Enterprises: To pump in Rs 1,100 crore in real estate firm Embassy Group for development of housing and commercial projects in Bengaluru, Chennai and Hyderabad. (PTI)
- Petronet LNG: Engie seeks $512 million stake sale in the company. (Bloomberg)
- Sunteck Realty: To consider stock split. (Bloomberg)
- HDIL: Central Bank of India seizes Kurla property after company fails to repay loan worth Rs 144 crore. (DNA Business)
.@MorganStanley Annual India Summit | Extent of RBI's inflation forecast cut came as a slight surprise: Chetan Ahyahttps://t.co/6uRgRBpNhp pic.twitter.com/q5Xc43ynNd
June 7, 2017
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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.
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Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
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Getting To Work Costs Women More | The Reason Why
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AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
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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.
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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.
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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.
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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.
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'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.
