Stocks To Watch: InterGlobe Aviations, Real Estate Stocks, L&T And More
The Nifty Futures on the Singapore Exchange, an early indicator of Nifty's performance in India, fell 1.95 percent to 8,394.
Here are the stocks to watch out for in today's session:
- Jewellery Stocks, Real Estate Stocks: Rs 500 and Rs 1,000 denomination notes rendered illegal in circulation from November 9, 2016, in an attempt to fight black money, says Prime Minister Narendra Modi.
PM Narendra Modi's 'surgical strike' on black money and corruption.
November 8, 2016
Read | https://t.co/d8rA1yTW83 pic.twitter.com/sIZIkNWf8Q
- InterGlobe Aviation: The owner of IndiGo reported a 23.6 percent rise in net profit during the July to September quarter, but fell short of street estimates.
Engine trouble dents IndiGo's second quarter earnings https://t.co/ALxUp2NDAq pic.twitter.com/uPlItuMm5p
November 8, 2016
- Larsen & Toubro: Company strengthens ties further with Chiyoda Corporation by signing a technical licence agreement with it for Flue Gas Desulphurisation (FGD) Technology.
- Dilip Buildcon: Western Coalfields, Nagpur, declared the company's DBL-DECO joint venture as the preferred bidder for removal of a specified list of materials. Company bags order with project cost of Rs 541.08 crore.
- Biocon: Mylan and Biocon announced U.S. Food and Drug submission for proposed biosimilar Trastuzumab.
- Muthoot Finance: Company acquires 24 lakh equity shares in Belstar Investment and Finance Private Limited for Rs 8.4 crore. Muthoot currently owns 57.16 percent in the Belstar.
- GMR Infrastructure: Signs deals with the Goa state government to develop Mopa project.
- Indian Hotels Company: The owner of the Taj Mansingh Hotel in Delhi, has approached the Supreme Court against a Delhi High Court order.The order had allowed the auctioning of the iconic property.
- IL&FS Engineering and Construction Company: Company clarifies its that preference shareholders have agreed to a curing period of six months for redemption of preference shares till March end 2017.
- Atlanta Limited: The company has started collection of user fee at a stretch awarded by the State of Punjab at the contract price of Rs 253.4 crore.
- Hotel Leelaventure: The hospitality company is exploring legal options including moving the Supreme Court against the Delhi High Court order asking it to pay Rs 258 crore to the Airport Authority of India.
- KEC International: Company clarified on report of Jyoti Structures Buyers saying no to proposal reached where intimidation required, said that the price hike happened much before the news was reported.
Media Reports
Nestle India: Chairman Suresh Narayanan says that the company is out of the price game and will focus on value growth across categories. (Economic Times)
Hindustan Construction Company: Lenders to meet on Wednesday to finalise Rs 5,000 crore debt package. (Economic Times)
Reliance Entertainment: Anil Ambani puts Rs 80 crore in e-realty Firm - Square Yards. Reliance Big enters into mobile videos market with Chillx (Economic Times)
GSK Pharmaceuticals: Outgoing Chief executive Andrew Witty warns successor not to be in emerging markets if they can't handle volatility. (Economic Times)
Pharmaceutical companies: NPPA, the regulators of drug prices, still has Rs 3,680 crore to recover from carious pharmaceutical companies as overcharging penalty. (Economic Times)
Earnings to Watch
- Lupin
- Cipla
- Bosch
- Apollo Tyres
- Godrej Properties
- Power Grid Corporation of India
- Speciality Restaurants
- Orient Cement
Earnings Reactions To Watch
- Tata Communications
- PTC India Financial Services
- Mangalore Refinery and Petrochemicals
- Dhunseri Tea & Industries Limited
- The Peria Karamalai Tea & Produce Company
- Alicon Castalloy
- Insecticides (India)
- Kernex Microsystems (India)
- Repco Home Finance
- ECE Industries
- Orient Bell
- Nagarjuna Oil Refinery
- HEG
- Hitech Plast
- Indiabulls Wholesale Services
- Williamson Magor & Company
- GOCL Corporation
- Apar Industries
- UFO Moviez India
- Entertainment Network (India)
- Bombay Burmah Trading Corporation
- VA Tech Wabag
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