Today Top 13 Stocks in Focus: IDBI Bank, Yes Bank, Tata Power

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Check out the companies which will be in focus during trade today based on recent and latest news developments.

Today Top 13 Stocks in Focus

Tata Power: Tata Power Renewable Energy has bagged 30 mw solar grid connected photovoltaic project in Maharashtra.

Bajaj Finance Limited: tHE COMPANY announced its unique partnership with Future Group, India’s leading retail group to enable and empower customers to convert all their purchases from any of the Future Group brands into easy EMIs, thus ushering in a digital era of smart purchase.

IDBI Bank: The bank is seeking approval from shareholders to raise Rs.8,000 crore.

Kesar Terminals & Infrastructure Ltd: The company has announced that a meeting of the Board of Directors of the company will be held on June 24, 2016, inter alia, to consider issue of bonus shares.

Entertainment Network: The parent company said it will be investing $100 million in marketing technology platform Columbia, as per media reports.

Take Solutions: The company is planning to sell its supply chain management business to focus more on life sciences sector, says report.

Godawari Power & Ispat: The company suspended mining operations at Rajnandgaon in Chhattisgarh due to labour unrest, says report.

Kwality Ltd: The Board of Directors of the Company will be held on June 24, 2016, inter alia, to raise funds upto Rs. 300 crore by way of term loan and issue of Non-Convertible Debentures.

Bank of India: The bank has announced that upon change in law, Bank of India has sold its 18% stake in Star Union Dai-lchi Life Insurance Company Ltd (SUD) to Dai-ichi Life Insurace Company Limited (DILIC).

Muthoot Finance: The company announced the completion of acquiring its insurance broking arm.

Siti Cable Network: The company said in a notice to BSE that its promoters to hike stake in the company by up to 3.67% and buying of shares will start on 27 June.

Mandhana Industries : hit 20% lower circuit on BSE today after it was reported that the company will demerge its retail operations into Mandhana Retail Ventures.

YES Bank: The bank is planning to raise  $1 billion from international markets, according to reports.

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Top 18 Stocks in Focus Today: Yes Bank, Aurobindo Pharma, Rolta India

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Aurobindo Pharma: The pharma company received USFDA approval for for Sustiva generic.

SpiceJet: SpiceJet, the country’s favourite low-cost carrier, continues to lead the Passenger Load Factor (PLF) charts among all Indian carriers by clocking over 90% PLF for 13 successive months

Mphasis: Competition Commission has cleared private equity major Blackstone’s deal to buy over 50% stake in the company from HP Enterprise, as per media report.

Nestle India: Nestle India is planning to launch up to 25 products across various categories, according to reports. The company reportedly said that financially it could take a few more quarters to overcome the Rs.500 crore hit.

Cadila Healthcare: Zydus Cadila has acquired two abbreviated new drug applications (ANDA) from Teva Pharmaceutical Industries Ltd that are being divested by Israel-based company as a pre-condition to its acquisition of Allergan Plc.’s generic business.

Tata Consultancy Services: Tata Consultancy Services announced a partnership to deliver next generation cloud-based derivative post trade processing service on the Calypso platform to Sernova Financial, an innovative provider of turn-key post-trade services.

Take Solutions: The company is planning to sell its supply chain management business to focus more on the life sciences sector that contributes over 75% of revenue, as per media reports.

Uttam Galva Steels: The company has filed a reference with the Board for Industrial and Financial Reconstruction (BIFR), since it has become a sick company after eroding its net worth.

Yes Bank: Yes Bank has hired Goldman Sachs Group to raised as much as $1 billion through a qualified institutional placement offer.

Gayatri Projects: The company said it has won Rs.700 crore project, a part of larger Navi Mumbai International Airport, from CIDCO.

Apollo Hospitals: Apollo Hospitals and Hainan Ecological Smart City Group, China sign MoU to build a state-of-the art Hospital in Hainan Province, China.

Suzlon: Suzlon Group said it has entered into a pact with CLP India for a 100 mw solar project at Veltoor in Telangana.

Hindustan Construction Company: The company is planning to raise Rs.1,000 crore through issue of securities.

Rolta India: The management is working on a solution in the interest of all stakeholders after the software service provider failed to make interest payments on bonds, says report.

Andhra Bank: Andhra Bank has announced that the Bank is proposing to come out with 8.65% – 10 years (call option after 5 years) Unsecured Non-convertible Redeemable Basel- III Compliant Tier-2 Debt Bonds Series-C in the nature of Debentures of Rs. 10 lakh each for cash at par aggregating to Rs.1000 crores.

Supreme Infra: Supreme Infrastructure India Ltd has announced that the company has been declared L1 in the two EPC projects of CIDCO worth Rs.397.68 crore.

Eros International: The company announced a strategic partnership with Puja Entertainment & Films.

Asian Granito: Asian Granito India Ltd has announced that High Court of Gujarat vide its Order dated June 16, 2016 has sanctioned the Scheme of Amalgamation of Artistique Ceramics Private Limited with Asian Granito India and their respective shareholders and creditors.

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Top 15 stocks in focus today: Cipla, Gammon India, SpiceJet

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Check out the companies which will be in focus during trade today based on recent and latest news developments.

Cipla: Cipla has signed a Memorandum of Understanding with Russia’s National Immunobiological Company to collaborate on HIV and Hepatitis C drugs, entailing an investment of 2.8 billion roubles (around Rs.289 crore).

NTPC: NTPC is planning to sell rupee-denominated offshore green bonds to raise up to $250 mn by the end of July, according to reports.

SpiceJet: SpiceJet will offer passengers the option of booking a taxi to reach the airport at the time of ticket purchase, according to reports.

Gammon India: Gammon India reported a net profit of Rs.53.38 crore for the quarter ended March 31, compared to a net loss of Rs.73.53 crore reported in the corresponding quarter of last fiscal.

Aurobindo Pharma: The pharma company has received tentative approval from US Food and Drug Administration for generic version of Astrazeneca’s Prilosec drug, according to media report.

HDFC: HDFC is planning to raise Rs.500 crore by issuing secured redeemable non-convertible debentures through private placement.

JSPL: Jindal Steel and Power Ltd is seeking shareholders nod to divest 1,000 mega watt (MW) power plant of a subsidiary company and sale of its 920 MW captive power plants.

Larsen & ToubroL&T wholly-owned subsidiary L&T Hydrocarbon Engineering has bagged orders worth Rs11.70bn across business verticals.

Centum Electronics: The company has acquired French company Adetel Group for an undisclosed sum.

UCO Bank: UCO Bank board has approved a proposal for raising Rs.42.43 billion Tier I Capital through issue of bonds and equity shares.

Mahindra & Mahindra Financial Services: The company is planning to raise up to Rs.245 billion through issuance of non-convertible debentures (NCDs).

Tata Steel Tata Steel aims to ramp up production at the Kalinganagar unit in Odisha “quickly”, as per media report.

Subros: The company said it has resumed full supplies to Maruti Suzuki India (MSI) from the company’s other facilities in Noida, Pune and Chennai.

Eros International: Eros International  announced a television syndication deal for their new and catalogue films with Zee Network.

Siemens: The company has bagged an order worth EURO 130 million, to set up a high voltage direct current (HVDC) link to connect power supply networks of India and Bangladesh.

Top 15 stocks in focus today: HDFC, Sugar stocks, IOC

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Check out the companies which will be in focus during trade today based on recent and latest news developments.

HDFC:  HDFC Life and Max Life are in talks to create the country’s biggest private life insurer, according to reports. Both the companies may announce plans in the next few days. If talks fructify, the merger will be the first among life insurers in more than a decade, the report added.

Sugar stocks in focus: Government imposed 20% customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40/kg.

Indian Oil Corp: Indian Oil Corp is reportedly planning to acquire the largest 37.5 per cent stake in the proposed joint venture to manage fuelling facilities at all airports.

Godrej Consumer Products: The company is scouting for acquisitions in Indonesia and has shared ‘a wish list of assets’ with various investment bankers as part of its inorganic growth strategy in the South East Asian nation, says report.

McNally Bharat: CCI has approved the proposed amalgamation of McNally Bharat, its subsidiary McNally Sayaji Engineering and EMC Ltd with Kilburn Engineering, says report.

Tech Mahindra: The company reportedly said it will continue to scout for companies and listed out digital technologies as a key focus area.

SBI: SBI has set up a Rs. 200 crore fund to invest in fintech startups, according to reports. The stock would remain in action following its decision to merge its subsidiaries with itself.

NTPC: The company is planning to add 2,500-MW of conventional capacity and at least an equal amount of renewable plants every year, as per media report.

Sharon Bio-Medicine Ltd: The company informed BSE that a meeting of the Board of Directors of the Company to consider and discuss the overall financial viability of the Company.

Glenmark Pharmaceuticals:  International Finance Corp is looking to invest up to $75 million or about Rs.500 crore, in Glenmark Pharma which is raising $200 million to reduce debt and expand operations.

Tata Power: Moody’s Investors Service has revised to negative from stable the outlook on the Ba3 corporate family rating and senior unsecured rating of Tata Power, days after the company said it will buy Welspun Renewable Energy at an enterprise value of Rs 9,249 crore.

Inox Leisure: The company announced an association with Paytm, to sell movie tickets to moviegoers.

Wipro: IT major Wipro has asked for government’s nod to set up an IT special economic zone (SEZ) over an area of 19.76 hectares in Kolkata, as per reports.

Carborundum Universal: Reserve Bank on Thursday allowed foreign investors to buy more equity in Carborundum Universal as their shareholding had slipped below the prescribed limit.

Alstom T&D India: The company said that market regulator Sebi has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement.

Indiabulls Housing Finance: Indiabulls Housing Finance Ltd has announced that the Company proposes to issue 2000 Secured Non-Convertible Redeemable Debentures with a face value of Rs. 10 lakh each.

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