Stocks To Watch: Kotak Mahindra Bank, Dr. Reddy’s Labs, Eros International
The Singapore traded SGX Nifty, an early indicator of Nifty's performance in India, dropped 0.6 percent at 8,903.
Your Thursday morning briefing.https://t.co/IcSkQ3eMoC pic.twitter.com/MkpjkkjKAN
March 9, 2017Here are the stocks to watch out for in today's session:
Kotak Mahindra Bank
- Uday Kotak sells 27.6 million shares or 1.5 percent of his stake to Canadian pension fund manager Caisse de Depot et Placement du Quebec (CDPQ)
- Sale done at Rs 817 per share
- Sale reduces Kotak's stake in the bank to 32.1 percent, closer to the RBI's directive of reducing stake to 30 percent before the end of June
Also Read: Banking Tycoon Cuts Kotak Stake Through Sale to Canada Funds
Dr Reddy's Labs
- U.S. FDA completes inspection of the formulation manufacturing facility in Duvvuda, Visakhapatnam
- Issues Form 483 with 13 observations.
Welspun Enterprises
- Completes sale of company's investments in Welspun Energy
- Sold 15.49 percent in the paid-up equity share capital of Welspun Energy Pvt. Ltd. at a consideration of Rs 285.8 crore
- Further consideration depends upon occurrence of certain future events.
Shree Renuka Sugar
- Approves allotment of 1.64 crore equity shares of face value of Re 1 each at a price of Rs 16.56 per equity share aggregating to Rs 27.21 crore to one of the JLF lenders Standard Chartered Bank
- Allotment done upon conversion of loans
- Paid-up share capital of the company increases from Rs 92.88 crore to Rs 94.52 crore
Yes Bank is catching up with private peers on valuations. https://t.co/y8ieXWjqXH pic.twitter.com/RrTQGBtLZ3
March 9, 2017
- Bombay Burmah: To consider proposal for issue of secured, listed, redeemable, Non-Convertible Debentures up to Rs 150 crore on a private placement basis.
- Bharat Financial Inclusion: Clarifies on reports of merger with IndusInd Bank, calling it speculative in nature, adding that it keeps exploring various options from time to time
- Omkar Speciality Chemicals: Promoters release 15.2 lakh pledged shares, representing 7.43 percent of the total capital.
- Reliance Capital: To raise Rs 25 crore via NCDs
- Indiabulls Housing Finance: Allots secured, redeemable, Non-Convertible debentures worth Rs 495 crore on a private placement basis.
- Aditya Birla Nuvo: Unsecured lenders to meet on April 10, 2017 with respect to the scheme of arrangement between AB Nuvo, Grasim Industries and Aditya Birla Financial Services
- Tamil Nadu Newsprint And Papers: Stops production in Paper Machine II in the Karur unit from March 7, 2017.
- Fortis Healthcare: VEMF-A buys 2.7 million equity shares for Rs 178.5
- Geometric: Reliance Mutual Fund bought 6.5 lakh equity shares for Rs 261.5
Consumer groups voice concerns over ‘perverse' bank cash transaction charges, reports @alexandermats https://t.co/Jm0pWlpWaa pic.twitter.com/woJUJhXPc2
March 8, 2017Media Reports
- IndusInd Bank: In advanced talks to take over Bharat Financial Inclusion in all stock transaction, valuing the latter at around Rs 12,000 crore. (Business Standard)
- Eros International: Withdraws bond issue. (Business Standard)
- HDFC: To raise Rs 2,000 crore via debentures. (PTI)
- Maruti Suzuki India: To go for four new product launches in 2017-18. (Financial Express)
- United Spirits: Pins hopes on brand relaunches will help it regain market share. (Mint)
- ITC: Not looking to generate shareholder returns from the healthcare venture. (Mint)
- Dish TV: CCI seeks TRAI's view on merger between Dish TV and Videocon D2H. (Mint)
After Tamil Nadu, PepsiCo and Coca-Cola now face ban in Keralahttps://t.co/UpBL8JMakZ
March 8, 2017IPO Corner
- Avenue Supermarts IPO oversubscribed 1.36 times on Day 1
- Music Broadcast IPO oversubscribed 39.45 times on last day
Qatar Air plans to establish Indian carrier with 100 planes, reports @AEROisme.https://t.co/xhZQPbaPSl pic.twitter.com/x5afMfaECm
March 9, 2017
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
