Friday, 7 October 2016

Stock News; 13 Stocks in Focus Today



Sensex, Nifty open flat; ITC, ONGC, Tata Steel top gainers. For more information visit www.marketmagnify.com/freetrial.php
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Below are 13 stocks which are likely to remain in focus today:
UCO Bank: State-owned UCO Bank said it will sell 7.17 crore shares to LIC on a preferential basis, which may fetch about Rs 270 crore to the bank.
Financial Technologies: Crisis-hit Financial Technologies India (FTIL) on Thursday said the Enforcement Directorate has directed HDFC Bank to secure Rs 30.27 crore and then allow normal debit-credit operations in the current account.
DHFL: Dewan Housing Finance Corporation Ltd (DHFL) on Thursday slashed lending rate by 0.2 per cent to 9.35 per cent to cash in on the festival fervour.
ABG Shipyard: The company has decided to divest its subsidiary Western India Shipyard Ltd and will invite bids from prospective investors.
Telecom Stocks: Telecom spectrum auction closed on Thursday with bids worth Rs 65,789 crore over the last five days, a mere 40 per cent of the total worth of spectrum that was placed on the block.
Tata Steel: Tata Steel on Thursday said its sales rose by 12 per cent to 2.62 million tonnes (MT) in the quarter ended September 30, 2016.
Grasim Industries: The company said that as part of its proposed merger scheme, 10 shares of Aditya Birla Nuvo Ltd (ABNL) will get 15 shares of the firm.
Orient Cement: Orient Cement said it will acquire two cement plants of debt-laden JP Group for Rs 1,950 crore in an all-cash deal, a move that will help the CK Birla Group firm enter central and eastern regions of the country.
South Indian Bank: South Indian Bank will announce its financial results for the second quarter ended October 31, 2016 on Friday.
Cadila Healthcare: Ahmedabad-based Zydus Group has got into an in-licensing agreement with Switzerland-based Neovii to launch Grafalon, an immunosuppressant used in solid organ transplants and stem cell transplant, in India. “The Zydus group will market this therapy through Zydus Trans-immune, a division that offers a range of therapies related to transplant medicine,” group firm Cadila Healthcare said in a filing to BSE.
Canara Bank, Indian Bank, Kotak Mahindra Bank: State-owned Canara Bank, Indian Bank and private sector Kotak Mahindra Bank cut lending rates by up to 0.1 per cent, following the 0.25 per cent repo rate cut by the RBI.

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