The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty's performance in India, gained 0.6 percent to 8,291.
Your Friday morning briefing
Read| https://t.co/OAIlyh9U8t pic.twitter.com/FVMZaH5hlEHere are the stocks to watch out for in today's session:
IL&FS Engineering & Construction Company
- Emerges as the lowest bidder for rural electrification works worth Rs 225 crore in Jharkhand.
- Project expected to be completed in 24 months.
- Order inflow for the company in FY17 at Rs 3,107 crore so far.
- Stock has fallen 33.38 percent in 2016.
NHPC
- Signs power purchase agreement (PPA) for up-coming projects Tawang-I and Tawang-II with Assam Power Distribution Company Ltd.
- Extends bulk power supply agreement (BPSA) for ‘Loktak' power station project with Assam Power Distribution Company Ltd.
- PPA and BPSA signed for a period of 35 years from the date of commercial operations (CoD) of respective projects.
- Stock has gained 30.48 percent in 2016.
- Reliance Power: Supreme Court allows procurers appeals against APTEL's judgement regarding commercial operation of Sasan Power Ltd.
- Axiscades Engineering Technologies: Completes acquisition of Axiscades Aerospace & Technologies Pvt. Ltd. Existing shareholders will receive 10 shares each of Axiscades Engineering for every 45 shares of Axiscades Aerospace.
- Time Technoplast: To consider means for fund raising during December 13 meeting. Company has shareholder approval to raise funds up to Rs 200 crore.
- Ujjivan Financial Services: To seek shareholder approval to increase borrowing limit to Rs 7,000 crore from Rs 6,000 crore and to create charges on assets not exceeding Rs 7,500 crore.
- Banco Products: Decides to drop buyback proposal.
- Jyothy Laboratories: Board of directors approve proposal to issues non-convertible debentures worth Rs 400 crore on a private placement basis.
Media Reports
- HDFC: Max Life along with HDFC Life working on merger issues. (Financial Express)
- JSW Energy: In talks to buy Odisha plant of Monnet Power. (Business Standard)
- Praj Industries: Inks MoUs with Indian Oil, Bharat Petroleum for bio-ethanol plants. (Financial Express)
- Tata Chemicals: Cyrus Mistry seeks shareholder support to block ouster move. (Bloomberg)
The clock is ticking for India's biggest corporate battle.
Read| https://t.co/1FYEdeHTNd pic.twitter.com/w38em9OFfM
- IL&FS: Plans to raise Rs 5,000 crore from group firms within the next six months. (Mint)
IPO Updates
- Sheela Foam: To list on the bourses today at an issue price of Rs 730 per share. Issue was subscribed 5.09 times.
- Laurus Labs: IPO subscribed 4.54 times on day 3.
New India Assurance: IPO may take six months after government approval.
The 'Complete Man' goes khadi@sharleendsouza reports
Read | https://t.co/navkaZzYfj pic.twitter.com/nnjRM8bnbiEarnings Reactions To Watch
- Steel Authority Of India
Also Read: SAIL's Woes Continue In The Second Quarter
- Electrosteel Steels
- Seamec
- NLC India
- Jammu & Kashmir Bank
- Finolex Industries
- Claris Lifesciences
- MMTC
#ChartOfTheDay | Domestic institutional investors step up as foreign funds pull out.@shraddha_babla reports
Read | https://t.co/sfWitBOQX1 pic.twitter.com/kxyoTgh0dUEarnings To Watch Today
- DLF
- Jindal Steel and Power
- DB Realty
- NMDC
- Monnet Ispat
- Jaypee Power Ventures
- Rolta India
- Puravankara Projects
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