Monday, 17 October 2016

Top 21 Stocks in Focus today: UltraTech Cement, SBI, Granules India

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UltraTech Cement: UltraTech Cement will announce its Q2 numbers today.

SBI: State Bank of India will divest up to 5% of its stake in its life insurance subsidiary SBI Life Insurance Co. Ltd.
Granules India: The company informed BSE that Gagillapur facility located at Hyderabad, Telangana, India has successfully completed USFDA inspection without any observations. This facility manufactures Finished Dosages (FDs) and Pharmaceutical Formulation Intermediates (PFIs).

Vedanta: Vedanta has suspended mining operations at its Bicholim iron ore mine in Goa from Thursday due to labour unrest.

Cipla: Cipla has signed a memorandum of agreement for South Africa's first biosimilars manufacturing facility to be set up at a cost of nearly USD 91 million.

NIIT Technologies Ltd: NIIT Tech reported better-than-expected revenue of Rs 692 crore in the September quarter helped by growth in its banking, financial services and insurance business (BFSI) business from the US.

Amtek Auto: ICRA has downgraded rating for term loans of JMT Auto, a unit of ailing Amtek Auto Ltd (AAL), to 'BB-' from 'BB+', on adverse effect of the large-sized debt funded by foreign acquisitions.

Mawana Sugars: Mawana Sugars has put its Titawi sugar mill on the block to bring down the debt and clear sugarcane dues to farmers.

Alok Industries: Alok Industries will seek protection from lenders as its plays to approach BIFR on grounds that 50% of its net worth has been wiped out as on March 2016.

Oil stocks: Petrol price was hiked by Rs 1.34 a litre and diesel by Rs 2.37 a litre on back of spike in global rates.

Lakshmi Vilas Bank: The bank will will announce its Q2 numbers today.

DHFL: The company will announce its Q2 numbers today.

ICICI Bank: Rajiv Sabharwal the brain behind ICICI Bank's flourishing retail lending business has called it quits and will be replaced by ICICI veteran Anup Bagchi.

DCB Bank: The bank reported 31% year-on-year growth in the net profit to Rs 48.5 crore for the quarter ended September 30 compared with 36.9 crore reported in the year-ago period.

Canara Bank: Canara Bank said it will raise up to Rs 2,500 crore in one or more tranches by issuing Basel-III compliant bonds.

Crisil: Crisil reported its Q2 net profit at Rs 79.8 crore for the quarter ended September compared with 76.8 crore reported in the year-ago period.

Reliance Communications: The company signed a non-binding term sheet with Brookfield Infrastructure Group to sell 51% in Anil Ambani group flagship company's telecom towers for Rs110bn, a move which will help the RCom pare debt.

Den Networks: Den Networks said its shareholders have approved the company’s proposal to raise Rs1.42bn via preferential allotment to Goldman Sachs.

Fortis Healthcare: Fortis Healthcare completed the acquisition of 51% stake in Fortis Hospotel Ltd and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre.

Bank of Baroda: The bank said it proposes to raise up to Rs 20 billion on private placement basis to meet Basel III requirements.

HCC: HCC in joint venture with VCCL has won a Rs3.68bn order for construction of safety tunnel in Manipur. 

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