Stocks to Watch: ONGC, Lupin, BHEL and More

The early indicator, Nifty Futures on Singapore exchange climb around 50 points to 8,346. Asian markets bounce back after upbeat U.S. economic data offset the disappointment of losses in European equities and helped U.S. stocks to close Wednesday with gains.

Here are all the stocks to watch

FIPB Rejects Reliance Communications, Star Den's Proposal (Read Here)

Corporate Announcements

• Power Finance Corp: Transfer of wholly owned subsidiary of PFC Consulting
  
• 3i Infotech: To issue new FCCBs of up to $52 million to existing bondholders
  
• Kajaria Ceramics: Board meet on July 11 to consider merger of Kajaria Securities
  
• Sobha: Sales fall 3.5 percent to Rs 513.1 crore; new sales fell 3.8 percent to 809,249 square feet
  
• Claris Lifesciences: Gets ANDA approval for Tobramycin Injection
  
• Fiem Industries: Gets orders worth Rs 12.31 crore
  
• Asian Oilfield: Oilmax Energy makes open offer for 26 percent at Rs 32.4 a share
  
• Axis Bank: Government approves higher foreign investment limit
  
• Camlin Fine: To raise Rs 55.68 crore via QIP issue; to allot shares at Rs 85.4 each
  
• Educomp Solutions: Says unit completed sale of its land and building
  
• Fiem Industries: Gets letter of intent for Rs 12.32 crore LED bulb order
  
• Insecticides India: Pact with Momentive Performance
  
• ITD Cementation: Says JV gets letter of acceptance from Mumbai Metro for contract valued at Rs 2,830 crore
  
• J. Kumar Infra: JV with CRTG wins Rs 5010 crore Mumbai Metro work order letter of acceptance
  
• Larsen & Toubro: NHAI awards Rs 895 crore highway work project to company
  
• NBCC India: Says won Rs 587 crore of contracts in June
  
• Reliance Industries: Unit Reliance Jio to raise up to Rs 2,000 crore via debentures sale
  
• Shipping Corp: To resume sailing to Iran in July post sanctions, CMD says
  
• Somany Ceramics: To issue Rs 25 crore of commercial paper
  
• Tata Teleservices: Approves issue of redeemable preference shares of Rs 3000 crore.

Did you know? Modi Focus on Railways, Housing Set to Double India Steel Demand

Media Reports

• Indigo, Jet, Spicejet: India flies 81 million passengers in 2015, a growth of 20 percent from 2014 (Business Standard)
  
• OIL-IOC deal to acquire 23.9 percent stake in Russia's Vankor oilfield spoils ONGC Videsh's deal negotiations (Business Standard)
  
• SBI Capital Markets: Invites valuers for merger of associates, Bharat Mahila Bank (Business Standard)
  
• Lupin, Dr Reddy's recall 1.7 lakh bottles of tablets in US (Mint)
  
• Lafarge India bidders in London for final negotiation (Business Standard)
  
• BHEL: India Ratings places BHEL's ‘AAA' rating on Watch Negative
  
• Coffee Day Enterprise, Tata Global Beverages: Coffee chains brew survival strategies (Financial Express)
  
• JSPL: Odisha extends validity of 13 mining leases (Financial Express)
  
• Petronet LNG: Plans Rs 5000 crore terminal in Bangladesh (Financial Express)
  
• IIFL Holdings: To raise Rs 2,000 crore to shore long-term capital (Financial Express)
  
• Bharat Financial Inclusion (erstwhile SKS Microfinance): May raise Rs 10,000 crore in FY17 to meet credit demand (Financial Express)
  
• Mahindra & Mahindra: Re-strategising its two-wheeler business (Financial Express)
  
• Shoppers Stop: As online discounts fall, malls see high footfalls (Financial Express)
  
• Coal India: Goes for slow output growth to clear stock (Financial Express)
  
• Hindalco, NALCO: Ministry seeks higher import duty on aluminium products (Business Line)
  
• Reliance Capital AMC: To raise Rs 1,000 crore to invest in real estate projects. (Economic Times)
  
• Reliance Industries: Seeks government's permission to sell subsidised cooking gas (Economic Times)
  
• SAIL sets sales target of 17 million tonnes for present fiscal (Economic Times)
  
• JSW Energy: Receives Competition Commission of India's approval to acquire 1,000 MW power plant from JSPL (PTI)

Postal Ballot

Grindwell Norton

• To increase authorised share capital to Rs 56 crore fromRs 28 crore.
  
• To issue bonus share in 1:1 ratio.
  

GVK Power & Infrastructure

• To increase the limit of inter-corporate transactions toRs 15,000 crore from Rs10,000 crore.
  

Novartis India

• To buy back 38,00,000 shares for Rs 760 each.
  

Earnings to Watch

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