Stocks to Watch: Inox Wind, Idea Cellular, UltraTech and More
The Nifty Futures on the Singapore Exchange, an early indicator of Nifty performance in India, declined 0.2 percent to 8,636.
Here are the stocks to watch today
- CCI approves UltraTech's deal for 11 Jaypee Cement plants
- Indo Count Industries: Board approves stock-split proposal
- State Bank of India to consider fund raising plan for FY17
- 8K Miles Software to consider stock split, free share issue
- Canara Bank: Says staff union called for a strike on September 2.
- Welspun India: JC Penney investigating Welspun textiles product claims
- Eclerx Services: Board to consider buy-back of equity shares on August 29
- GMR Infra: To consider fund raising up to Rs 2,500 crore
- Inox Wind: Says got winding up petition from Mahindra Logistics
- DFHL: Raises Rs 475 crore, selling 10.75 percent perpetual bond.
- Idea Cellular: Aditya Birla group says report on Idea sale to Vodafone “untrue” and “preposterous”.
- Manpasand Beverages: Completes work on new manufacturing facility in Haryana
- Suzlon Energy: Board approves conversion of 39 lakhs shares to FCCB holders at Rs 15.46 each
- Indiabulls Housing Finance: Company raises Rs 700 crore via NCDs
- Hero MotoCorp: Promoters pledge 1.5 percent shares
Also Read: Reliance Jio Accuses Telecom Industry Body of Perpetrating Anti-Competition Practices
Media Reports
- Castrol India parent said to sell up to 8.5 percent stake (CNBC- TV18)
- ITC sues Britannia for allegedly copying biscuit packaging (Economic Times)
- Piramal, Bain tie-up for distressed debt investment (PTI)
- Reliance Power: Allowed to mortgage Sasan coal block (Economic Times)
- Reliance Infrastructure debt to drop after power, road business sale (Business Standard)
- HPCL, GAIL: To divest up to 50% stake in petrochem plant in AP (PTI)
- Paytm parent forms separate company for online retail (Economic Times)
- Brookfield said close to finalizing Gammon asset buy (Mint)
- Infosys: Sees Rs 400 crore incremental revenue over Q3 and Q4 as part of Rs 1,380 crore GSTN project (Mint)
- Punj Llyod: Expects to bag Rs 400 crore defence order (Economic Times)
IPO Watch
- RBL Bank IPO gets 69.6 times demand for shares offered (More details HERE)
- Hathway Cable approves unit GTPL raising capital in IPO
- ChrysCapital in talks to exit Eris Lifesciences through an IPO (Mint)
*Share sale could be Rs 600-800 crore in size
- BSE to offload 30 percent in new share sale offer
- NSE is hiring merchant bankers for its IPO
- GreenSignal Bio plans Rs 100 crore IPO. Company will raise around Rs 100 crore (PTI)
Earnings Reaction to Watch
- Aurobindo Pharma: Q1 net income rises 24 percent to Rs 585 crore
- Engineers India: Q1 net Rs 80.3 crore versus Rs 53.51 crore
- Jai Corp: Q1 profit Rs 6.01 crore vs 10.3 crore
Aurobindo Pharma posts 24% profit growth in first quarter, beating street estimates https://t.co/azcpH8nrAP
August 24, 2016Earnings to Watch
- Infinite Computer Solutions (India)
- Nava Bharat Ventures
- Man Infraconstruction
- S. P. Apparels
- PNC Infratech
- Sarda Energy & Minerals
- Vardhman Textiles
Interview: Market Grinding Lower; Good Time to Build Long-Term Portfolio, Says Sharmila Joshi
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