Signage for the Bombay Stock Exchange (BSE) is displayed next to a bronze bull statue at the entrance to the BSE building, Mumbai (Photographer: Prashanth Vishwanathan/Bloomberg)
The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty's performance in India, declined 0.2 percent to 8,156.
Your Tuesday morning briefing
Read| https://t.co/bR33u2lmYP pic.twitter.com/rKp1VpWLcwHere are the stocks to watch out for in today's session:
Quick Heal Technologies: Makes additional investments in three wholly-owned subsidiaries.
- Invests 40,750,600 Kenyan shillings in Quick Heal Technologies Africa Ltd
- Invests $2,43,000 in Quick Heal Technologies America Inc.
- Invests 3.45 crore yen in Quick Heal Japan KK.
- Peninsula Land: No definitive agreement on land sale deal executed yet.
- Bank of India: Fixes overnight marginal cost of funds based lending rate (MCLR) at 9 percent.
- JM Financial: Subsidiary JM Financial Products acquires another 15 lakh equity shares of India Home Loan Ltd., through preferential allotment route taking its total stake to 24.5 percent of the total post paid up equity share capital of India Home Loan ltd.
- Torrent Power: Renews Distribution Franchise Agreement (DFA) with the MSEDCL (Maharashtra State Electricity Distribution Company Limited) for a period of 10 years from January 26, 2017.
- Om Metals: Awarded a contract to modernize and renovate Baira Siul hydro electric power station in Himachal Pradesh by NHPC for a sum of Rs 19.91 crore.
- Axis Bank: Allots 73,670 equity shares of Rs 2 each under its ESOP scheme.
- Oracle Financial Services: Earmarks a charge of Rs 60 crore as receivables from its customers in Egypt this quarter due to devaluation of the Egyptian Pound.
- Goa Carbon: Operations at the Bilaspur plant shut temporarily from Saturday. The company sees no financial impact due to this as there is sufficient inventory.
- Tata Power: Unit bags order from Ministry of Defence worth Rs 200 crore
- Canara Bank: Seeks bankers to dilute 70 percent stake in Canbank Factors Ltd., and 13.45 percent in Can Fin Homes Ltd.
- Central Bank of India: Allots 1.7 crore equity shares to LIC of India at an issue price of Rs 91.45 per equity share.
- Lupin: Receives U.S. FDA approval for its hydrocodone Bitartrate and Acetaminphen tablets.
Media Reports
- Tata Motors: Wins order from Indian Army to replace its Gypsy fleet with Tata Safari Storme. (Economic Times)
- Essel Propack: To design and manufacture tube packaging requirements of Patanjali. (Economic Times)
- Cipla: Inhalable insulin project suffers a setback after an expert committee denies permission to conduct trials on Indian patients. (Economic Times)
- Axis Bank: Enforcement Directorate arrests two officials in Delhi worth 3 kilogram gold. (Mint)
- Adani Enterprises: $16 billion Australian coal project gets final nod for permanent rail line. (Mint)
- Grasim: Under probe from the Competition Commission of India for alleged discriminatory pricing ways in the sale of viscose staple fibre. (Financial Express)
- Cairn India: To invest Rs 30,000 crore to increase capacity to one lakh barrels per day of oil. (Financial Express)
- MRPL: Plans capex of Rs 11,000 crore to achieve refining capacity of 25 million tonne. (Financial Express)
- Jet Airways: Cuts fares by 20 percent on select routes. (Financial Express)
- IDFC: Wholly-owned subsidiary IDFC Alternatives Ltd. is set to buy Godhra Tollways for Rs 300 crore. (Financial Express)
- Mahindra and Mahindra: To buy dutch firm for 5 million euros. (Financial Express)
IPO Watch
Laurus Labs IPO opens today
- Issue Size: Over Rs 1,300 crore
- Price Band: Rs 426-428
- Allotted shares worth Rs 395 crore to 25 anchor investors.
- Closes: December 8
Earnings Reaction To Watch
- Rattanindia Power
- Swelect Energy Systems
- Asian Hotels (North)
- Ballarpur Industries
Earnings To Watch Today
- DCW
- DPSC
- Future Retail
- Electrosteel Castings
- Subex
- Surya Roshni
- Venky's (India)
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