Stocks To Watch: ICICI Bank, Motherson Sumi, Natco Pharma, NTPC And Others
The Nifty futures on the Singapore Exchange, an early indicator of the Nifty performance in India, are trading flat at 8,806.
Here are the stocks to watch out for in today's session:
- ICICI Bank: ICICI Prudential Life IPO opens today. The life insurance giant raised Rs 1,635.33 crore from anchor investors at Rs 334 per share.
India's first insurance IPO opens today: here's what you need to know https://t.co/TPlTgxI9zR @soumeet_sarkar pic.twitter.com/Tc62MnxW2f
September 19, 2016
- NDTV: Income Tax Appellate Tribunal dismissed all three intervention applications in the appeal of the company for assessment year 2009-10.
- Axis Bank: To buy 73.28 lakh equity shares of Assets Care and Reconstruction Enterprise Ltd. (ACRE) or 13.67 percent of the total outstanding shares from IFCI Ltd. at Rs 31 per share for a total of Rs 22.72 crores.
- Motherson Sumi: Raised Rs 1,993.45 crore via a Qualified Institutional Placement at an issue price of Rs 317 per share.
Motherson Sumi raises Rs 1,993 crore via QIP issue https://t.co/TFNUECjiLC pic.twitter.com/0qV4M5JsmT
September 18, 2016
- Power Grid: Board approves Rs 562.25 crore investment in strengthening systems in southern region.
- Bajaj Finance: Raised Rs 529 crore via allotment of secured redeemable Non-Convertible Debentures on private placement basis.
- Brigade Enterprises: Subscribed to equity shares issued by wholly owned subsidiary - Mysore Projects Private Ltd.
- Mahindra CIE Auto: To raise up to Rs 1,089 crore via preferential issue at Rs 200 per share. Also looking to raise up to Rs 700 crore via public issue or QIP.
- Karnataka Bank: Launches online retail loan web portal.
- Future Lifestyle Fashions: Incorporates wholly owned subsidiary – Future Trendz Ltd.
- Petron Engineering Constructions: Gets letter of intent from Shree Cements Ltd. for civil work worth Rs 50 crore.
- Fiem Industries: Board approved Rs 120 crore QIP at issue price of Rs 1,002 per equity share.
- IDFC: Issues commercial papers for an aggregate amount of Rs 700 crore.
Media Reports:
- Telecom Stocks: Telecom firms signal muted response to spectrum sale; deposit only Rs 14,863 crore in earnest money. (Business Standard)
*Government set to mop up Rs 1 lakh crore from spectrum auctions. (Financial Express)
.@rajeev_mp
September 18, 2016
talks about the necessity of new competition in the telecom sector. https://t.co/mivo5veCge pic.twitter.com/nAvvQCFqze
- Reliance Industries: Jio files the highest earnest money deposit of Rs 6,500 crore for upcoming spectrum sale. (Economic Times)
- ICICI Bank: Baring-IVFA pips TPG in race for ICICI Home Finance. (Economic Times)
- Yes Bank/United Breweries: Yes Bank sells Rs 152 crore worth pledged UB shares to Heineken via bulk deal at Rs 819.5 per share. (Economic Times)
- Natco Pharma: Looking to file 10 plus abbreviated new drug applications in the U.S. during next 2 fiscal years. (Economic Times)
- SBI: Plans to grow SME lending by 10-12 percent. (Economic Times)
- Sun TV: Proxy advisory company finds Sun's pay cheque for Kavery Kalanithi ‘excessive.' (Business Standard)
- Trent: Tata Sons to raise stake to 27.74 percent by acquiring 1.17 percent shareholding as a part of restructuring its investment portfolio. (Business Standard)
- Orbit Corp: Bail pleas of chairman, and managing director rejected by court. (Economic Times)
IDBI Bank said to select arrangers for $896 million share sale https://t.co/V3R4DPTc2w pic.twitter.com/P31M2085qy
September 18, 2016
- NTPC, GAIL: Green signal for demerger of Ratnagiri Gas & Power Pvt Ltd. into Ratnagiri Power company and Ratnagiri LNG company.
*Both NTPC and GAIL hold 25.51 percent each. (Business Standard)
- Piramal Enterprises: Sees huge potential in real estate financing. (Financial Express)
- Westlife Development: Hardcastle to invest Rs 750 crore in McDonald's expansion. (Business Standard)
- Godrej Consumer: Steps up cluster management of markets. (Business Standard)
- Lupin: Looking at buyout opportunities in the domestic market. (Mint)
- Sugar Companies: Trading margin on sugar futures to rise above 50 percent. (Economic Times)
- L&T Infotech: Bets on new management, revamped sales force for Europe push. (Economic Times)
- Future Group: In talks to acquire retail business of Heritage Foods. (Economic Times)
- Max Financial: Goldman looking at Rs 2,400 crore to exit the company. (Economic Times)
*Plans to sell its 15 percent stake in the secondary market.
- Bharti Airtel, RIL: Jio, Airtel in fresh spat over Points of Interconnection. (Economic Times)
Airtel's ‘points of interconnection' gesture appreciated, but not enough: Reliance Jio https://t.co/UnP16cVSWF pic.twitter.com/IvQpsc5qIk
September 18, 2016IPO Watch:
- GNA Axles IPO gets demand for 54.9 times shares offered at end of sale on September 16.
- ICICI Prudential Life Insurance IPO opens today.
India's first insurance IPO opens today: here's what you need to know https://t.co/TPlTgxI9zR @soumeet_sarkar pic.twitter.com/Tc62MnxW2f
September 19, 2016Earnings To Watch:
- Poddar Housing and Development
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