Stocks To Watch: IOC, GAIL, IRB Infrastructure, MCX India And Others
The Nifty futures on the Singapore Exchange, an early indicator of the Nifty performance in India, was little changed at 8,793.
Here are the stocks to watch out for in today's session:
- Indian Oil/GAIL: To take equity stake in Adani's Dharma LNG terminal.
- ONGC: ONGC Videsh slapped with service tax demand of Rs 6,100 crore.
- 63 Moons Technologies (formerly known as FTIL): Promoter Jignesh Shah placed under arrest by the Central Bureau of Investigation.
- Welspun India: Confirms 2 putative class action law suits have been filed against Welspun USA and Welspun India.
- NBCC (India): Bags Rs 440 crore order from Government of India to construct
100 bed hospitals in Haridwar and Dehradun and a 300 bed hospital at Indore. - IRB Infrastructure: Bags order from NHAI to build 125 km highways. Orderbook of Rs 11,300 crore to be executed in the next four years.
- Rural Electrification Corporation: To consider 1:1 bonus issue.
- Wipro: Joins hands with Witbe to provide end-to-end test automation and services monitoring deployment solutions.
- Multi Commodity Exchange of India: Gets shareholders' approval to reduce cap of foreign investments to 34 percent from 49 percent.
- Monsanto India: Bayer announces open offer to buy 26 percent stake.
- Zydus Cadila: Partners with Takeda for Chikungunya vaccine
- Allahabad Bank: India Ratings and Research assigns ‘IND AA' with stable outlook rating to bank's proposed Basel - III compliant Tier-II bonds aggregating to Rs 1000 crore.
- Capital First: Raises Rs 50 crore through NCD issue on private placement basis.
- KRBL: One of the promoter, Binita Gupta, to acquire additional 9.71% of share capital.
- NDTV: Tax demand raised by Income Tax department revised to Rs 12.71 crore from Rs 47.27 crore due to calculation mistakes.
- Teamlease: Acquires I.T. staffing solutions Nichepro Technologies for enterprise value of Rs 29.5 crore.
- Piramal Enterprises: To sell its lending portfolio to wholly owned subsidiary Piramal Finance Pvt. Ltd. for a net consideration of Rs 1,450 crore.
- Dwarikesh Sugar: To raise Rs 200 crore via QIP at a floor price of Rs 248.53 per share.
- Rolta India: One of the promoters of the company, pledged an additional 65 lakh shares with Central Bank of India due to shortfall in margin money pledging 99.24% of its holdings.
- Wonderla Holidays: Installs 500 kW solar plant in Wonderla Amusement Park, Hyderabad.
- Gokaldas Exports: To consider merging its wholly owned subsidiary with itself on September 26, 2016.
- OCL India: To raise capital up to Rs 3,000 crore by issue of debt securities.
- Asian Hotels (East): Allots 32.14 lakh equity shares to shareholders of Forex Finance Pvt. Ltd. for amalgamation.
- GPT Infraprojects: Delisted from the Calcutta Stock Exchange.
- Orient Press: To accept fixed deposits from public offering interest of 11 percent for two and three years.
- Lokesh Machines: Converted 7.7 lakh warrants into equity shares.
Media Reports:
- Suzlon: To start work on hybrid wind-solar model. (Economic Times)
- Apollo Tyres: Sets up R&D team in the U.S. to look for opportunities in organic and inorganic expansion. (Mint)
- Prestige Estates: Eyes $300 million from rental unit stake sale. (Times of India)
AGMs To Watch:
- InterGlobe Aviation: To increase its borrowing limit Rs 20,000 crore.
- Tata Power: To issue NCDs worth Rs 5,000 crore on private placement basis.
- Bharat Petroleum Corporation
- Steel Authority of India
- Petronet LNG
- Coal India
- Heidelberg Cements
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