Buzzing Stocks: Amtek Auto, Suzlon, Sagar Cements soar, while SBI, Hathway Cable drop

Buzzing StocksSuzlon Energy has secured a fourth consecutive order for 50.40MW wind power project from a business house. The project consists of 24 units of S95 90m tubular tower with rated capacity of 2.1 MW. Located in the district of Anantapur, Andhra Pradesh, the project is scheduled for completion in March 2017. The stock is currently trading at Rs 14.87, up by Rs 0.29 or 1.99% from its previous closing of Rs 14.58 on the BSE.

Sagar Cements Ltd is currently trading at Rs 726.55, up by Rs 106.65 or 17.2% from its previous closing of Rs 619.9 on the BSE. The Board at its meeting held on November 28, 2016 inter-alia, fixed an issue price of Rs 800 per equity share (which includes a premium of Rs 790 per share) for the 6,11,986 equity shares of Rs 10 each of the company being issued for cash on a preferential basis, subject to receipt of further necessary approvals as may be required.

ICICI Bank Ltd is currently trading at Rs 255.1, down by Rs 4.75 or 1.83% from its previous closing of Rs 259.85 on the BSE. Around 21.3 lakh shares were traded in a single block.

Thirumalai Chemicals reported a net profit of Rs 37 crore for the first half of financial year 2017 as against a profit of Rs 4 crore a year ago. The stock is currently trading at Rs 719.05, up by Rs 34.2 or 4.99% from its previous closing of Rs 684.85 on the BSE.

Amtek Auto Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 30, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the Company as proposed by investors. The stock is currently trading at Rs 41.2, up by Rs 2.6 or 6.74% from its previous closing of Rs 38.6 on the BSE.

Cipla rose 1.6%. Cipla Ltd is in discussions to sell Cipla Vet, its animal health division, as per media reports. According to the report, the company hired global investment bank Rothschild to find potential buyers.

Shares of airline stocks rose on Monday as uncertainty over the deal to cut output by the Organization of the Petroleum Exporting Countries at a meeting on Wednesday pushed oil prices down. SpiceJet reported a rise of 103% in its net profit for the second quarter of 2016-17. The company’s Q2 net profit stood at Rs 58.9 crore from Rs 29 crore reported in the corresponding quarter of 2015-16.

Ashok Leyland inched up 1.2%. Ashok Leyland has completed the acquisition of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures formed between the two companies.

Aurobindo Pharma is trading lower at Rs 736. Arrow Generiques SAS, the French subsidiary of Aurobindo Pharma, has signed an agreement to acquire select commercial products in France from Teva.

BEML zoomed 2.5%. The company reported standalone net loss narrowed to Rs 16.6 crore for the second quarter ended September 30, 2016, against that of Rs 24.6 crore in the corresponding quarter of previous fiscal.

Strides Shasun gained 1%. Strides Shasun’s wholly owned subsidiary Strides Arcolab International, UK has entered into an agreement with Moberg Pharma, Sweden to acquire the ‘PediaCare’ brand for a total consideration of $5 million plus inventory value at closing.

Hathway Cable & Datacom slipped 2.6%. The company has reported a net loss of Rs 40 crore for the quarter under review as compared to a net loss of Rs 32 crore for the same quarter in the previous year.

The BSE Oil and Gas index is trading up 1.6% or 190 points at 11,943 as against the previous close of 11,753.

The BSE Oil and Gas index opened at and hit a high of 11,953.45 and a low of 11,705. The oil stocks are trading higher as international oil prices declined after a planned meeting today between OPEC and non-OPEC producers was canceled.

Oil rebounds from 2% losses as OPEC embarks on a last-ditch diplomatic push to reach a production cut and will meet in Vienna on Wednesday; a meeting with non-OPEC producers today was canceled after Saudi Arabia decided not to attend and suggested the oil-club doesn’t necessarily need to curb output.

Hindustan Petroleum Corporation Ltd is currently trading at Rs 479.4, up by Rs 17.2 or 3.72% from its previous closing of Rs 462.2 on the BSE. The scrip opened at Rs 464 and has touched a high and low of Rs 481.25 and Rs 462.35 respectively. So far 2129614 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 46954.05 crore.

Bharat Petroleum Corporation Ltd is currently trading at Rs 659.9, up by Rs 20.25 or 3.17% from its previous closing of Rs 639.65 on the BSE. The scrip opened at Rs 639.65 and has touched a high and low of Rs 663.85 and Rs 639.65 respectively. So far 1597983 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 92504.17 crore.

Indian Oil Corporation Ltd is currently trading at Rs 304, up by Rs 7.5 or 2.53% from its previous closing of Rs 296.5 on the BSE. The scrip opened at Rs 297 and has touched a high and low of Rs 306.3 and Rs 295.5 respectively. So far 1239474 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 143977.58 crore.

Oil India Ltd is currently trading at Rs 442.05, up by Rs 5.15 or 1.18% from its previous closing of Rs 436.9 on the BSE. The company will announce its Q2 numbers today.

Rajshree Sugars & Chemicals climbed 5.3%. The company has entered into a share purchase agreement with the prospective buyer, for the sale of the wholly-owned subsidiary Company Trident Sugars, having the sugar factory at Telangana. As per the said agreement, the prospective buyer is expected to close the sale transaction by March 31, 2017.

GPT Infraprojects advanced 1%. The company announced to bourses that it has bagged an order value of Rs 73 crore from Rail Vikas Nigam Ltd.

Uflex zoomed 5.6%. The company reported 17% rise in consolidated net profit to Rs 90 crore for the quarter ended on September 30, 2016. It had posted a net profit of Rs 77 crore for July-September quarter in the year-ago period.

State Bank of India slipped 2% on the BSE. The bank said it will raise Rs 56.81 billion by issuance of preferential shares to the central government, its majority shareholder.

Amtek Auto Ltd
BSE 40.90 2.30 (5.96%)
NSE 40.80 2.10 (5.43%)

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Buzzing Stocks: Reliance Infra, Jet Airways shine, while ACC falls

buzzing-stocks-for-this-hour-capitalheight
Amtek Auto Ltd is currently trading at Rs 37.35, up by Rs 2.55 or 7.33% from its previous closing of Rs 34.8 on the BSE. The scrip opened at Rs 35.05 and has touched a high and low of Rs 37.45 and Rs 34.55 respectively. So far 1311787 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 782.15 crore.

Reliance Infrastructure Ltd is currently trading at Rs 460.4, up by Rs 8.05 or 1.78% from its previous closing of Rs 452.35 on the BSE.  The Securities and Exchange Board of India (SEBI) has granted the certificate of registration in terms of Regulation 6 of SEBI (Infrastructure Investment Trusts) Regulations, 2014 (Regulations) to Reliance Infrastructure InvIT Fund.

Jet Airways (India) Ltd is currently trading at Rs 371.45, up by Rs 17.9 or 5.06% from its previous closing of Rs 353.55 on the BSE.

Infosys Ltd is currently trading at Rs 976, up by Rs 43.3 or 4.64% from its previous closing of Rs 932.7 on the BSE. The company has signed a definitive agreement to a Limited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first close of Stellaris’ fund.

ACC Ltd is currently trading at Rs 1310.9, down by Rs 12.95 or 0.98% from its previous closing of Rs 1323.85 on the BSE.

Sun Pharma rose 1%. The US drug regulator has found seven breaches of manufacturing standards at Sun Pharmaceutical Industries Ltd’s formulations plant in Mohali, Punjab, following a recent inspection.

SpiceJet rallied 4.4%. The company will announce its Q2 numbers today.

Jagran Prakashan gained 1.5%. The company said its subsidiary Music Broadcast will raise up to Rs 400 crore through initial public offer.

Vardhman Textiles advanced 1.3%. The board of the company has approved buyback proposal for up to Rs 720 crore.

Reliance Industries is trading marginally lower on the BSE. A flash fire broke out at Reliance Industries’ Ltd refinery complex at Moti Khavdi near Jamnagar on Thursday in which some contract workers were injured, the company said.

Wipro rose 2.2%. The company has informed bourses that it has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007 effective November 1, 2016 to its identified employee.

Khaitan (India) jumped 4.7%. The company has infomed bourses that it has submitted an application for reference to the Board for Industrial and Financial Reconstruction (BIFR) as it has become a sick industrial company pursuant to the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

Jindal Poly Films dropped 2.9%. The company reported a consolidated net profit of Rs 77 crore for the September quarter, lower than the Rs 99.9 crore in the year-ago period.

Talwalkars Better Value Fitness climbed 3.6% after the management has decided to demerge gym business, thereby transferring gym business of TBVFL to TLL, in the interest of maximising overall shareholder value.

TCS rallied 2.5%. Tata Consultancy Services is rethinking how it appraises its over 3,70,000 employees after scrapping the Bell Curve model.

Sterlite Technologies zoomed 3%.The company informed bourses that Crisil has upgraded the Long term credit rating to ‘CRISIL AA-/Stable’ from ‘CRISIL A+/Watch Developing’ and Short term credit rating have been upgraded to ‘CRISIL A1+’ from ‘CRISIL A1 /Watch Developing’.

LT Foods gained 2.3%. The company has inked a 51:49 joint venture with Kameda Seika, to sell rice-based snacks in India.

Natco Pharma inched up 1% after the pharma company has received final approval from the US health regulator for generic version of Budesonide capsules used for treatment of active Crohn’s disease for the American market.

YES Bank gained 2% To Rs 1,143. The bank announced a partnership with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers.
DLF Ltd is currently trading at Rs 110.6, down by Rs 2.55 or 2.25% from its previous closing of Rs 113.15 on the BSE.

Reliance Infrastructure Ltd
BSE 459.00 6.65 (1.47%)
NSE 459.30 8.70 (1.93%)

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Buzzing Stocks: Infosys, SpiceJet, Amtek Auto gain, while DLF, ACC fall

buzzing-stocks-today-capitalheightAmtek Auto Ltd is currently trading at Rs 37.35, up by Rs 2.55 or 7.33% from its previous closing of Rs 34.8 on the BSE. The scrip opened at Rs 35.05 and has touched a high and low of Rs 37.45 and Rs 34.55 respectively. So far 1311787 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 782.15 crore.

Infosys Ltd is currently trading at Rs 976, up by Rs 43.3 or 4.64% from its previous closing of Rs 932.7 on the BSE. The company has signed a definitive agreement to a Limited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first close of Stellaris’ fund.

ACC Ltd is currently trading at Rs 1310.9, down by Rs 12.95 or 0.98% from its previous closing of Rs 1323.85 on the BSE.

Sun Pharma rose 1%. The US drug regulator has found seven breaches of manufacturing standards at Sun Pharmaceutical Industries Ltd’s formulations plant in Mohali, Punjab, following a recent inspection.

SpiceJet rallied 4.4%. The company will announce its Q2 numbers today.

Jagran Prakashan gained 1.5%. The company said its subsidiary Music Broadcast will raise up to Rs 400 crore through initial public offer.

Vardhman Textiles advanced 1.3%. The board of the company has approved buyback proposal for up to Rs 720 crore.

Reliance Industries is trading marginally lower on the BSE. A flash fire broke out at Reliance Industries’ Ltd refinery complex at Moti Khavdi near Jamnagar on Thursday in which some contract workers were injured, the company said.

Wipro rose 2.2%. The company has informed bourses that it has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007 effective November 1, 2016 to its identified employee.

Khaitan (India) jumped 4.7%. The company has infomed bourses that it has submitted an application for reference to the Board for Industrial and Financial Reconstruction (BIFR) as it has become a sick industrial company pursuant to the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

Jindal Poly Films dropped 2.9%. The company reported a consolidated net profit of Rs 77 crore for the September quarter, lower than the Rs 99.9 crore in the year-ago period.

Talwalkars Better Value Fitness climbed 3.6% after the management has decided to demerge gym business, thereby transferring gym business of TBVFL to TLL, in the interest of maximising overall shareholder value.

TCS rallied 2.5%. Tata Consultancy Services is rethinking how it appraises its over 3,70,000 employees after scrapping the Bell Curve model.

Sterlite Technologies zoomed 3%.The company informed bourses that Crisil has upgraded the Long term credit rating to ‘CRISIL AA-/Stable’ from ‘CRISIL A+/Watch Developing’ and Short term credit rating have been upgraded to ‘CRISIL A1+’ from ‘CRISIL A1 /Watch Developing’.

LT Foods gained 2.3%. The company has inked a 51:49 joint venture with Kameda Seika, to sell rice-based snacks in India.

Natco Pharma inched up 1% after the pharma company has received final approval from the US health regulator for generic version of Budesonide capsules used for treatment of active Crohn’s disease for the American market.

YES Bank gained 2% To Rs 1,143. The bank announced a partnership with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers.

DLF Ltd is currently trading at Rs 110.6, down by Rs 2.55 or 2.25% from its previous closing of Rs 113.15 on the BSE.

ACC Ltd
BSE 1,311.75 [12.10] ([0.91]%)
NSE 1,307.55 [17.60] ([1.33]%)

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Buzzing Stocks: Reliance Capital, Jet Airways, Lupin shine, while Wockhardt, Siemens fall

Top Stocks For TodayReliance Capital, a part of Anil Ambani led Reliance Group, today announced value unlocking in the Radio and TV businesses that will reduce its debt by approx. Rs 1,900 crore (US$ 283 million) upon final completion of stake sale transactions. The stock is currently trading at Rs 426.5, up by Rs 6.65 or 1.58% from its previous closing of Rs 419.85 on the BSE.

Siemens posted a net profit after tax of Rs 2,873.7 crore for the year ended September 30, 2016 as compared to Rs 1,174 crore for the year ended September 30, 2015.

Jet Airways (India) Ltd is currently trading at Rs 355.5, up by Rs 13.9 or 4.07% from its previous closing of Rs 341.6 on the BSE.

A2Z Infra Engineering Ltd  rallied 5%. The company’s subsidiary A2Z Green Waste Management Limited (previously known as A2Z Infrastructure) (A2Z Green”), has on November 19, 2016, agreed to a framework with one of its lenders for a settlement of its various debt obligations aggregating Rs 4161.84 million.

Bharat Petroleum Corporation Ltd is currently trading at Rs 635, down by Rs 7.05 or 1.1% from its previous closing of Rs 642.05 on the BSE.

Shares of metal stocks were trading higher for the second straight day on BSE. The BSE Metal index is trading up 2.2% or 219 points at 10,216 as against the previous close of 10,011. The Metal index opened at 10,101 and hits a high of 10,240 and a low of 10,080.

Lupin climbed 3.5% after the company has received tentative approval for its Abacavir Sulfate and Lamivudine Tablets, 600 mg/300 mg from the USFDA to market a generic version of ViiV Healthcare Company’s Epzicom Tablets, 600 mg/300 mg.

Larsen & Toubro soared 3%. Larsen & Toubro on Tuesday reported an 84% surge in its consolidated net profit to Rs 1,435 crore for the quarter ended September 30 as compared to Rs 778 crore in the same period last year.

Wockhardt dropped 2.2% after the company informed the exchange that USFDA has issued a Warning Letter to C P Pharmaceuticals Limited, Wrexham, United Kingdom, a step down Subsidiary of the Company.

Sun Pharma rose 1.6%.  The company announced the execution of definitive agreements by its wholly owned subsidiary, for the acquisition of 85.1% of JSC Biosintez, a Russian pharmaceutical company engaged in manufacture and marketing of pharmaceutical products in Russia and CIS region.

Siemens gained 1%. The company will announce its Q2 numbers today.

Canara Bank inched up 0.50% on  the BSE. The bank is planning to sell a portion of its 43%  stake in business arm Can Fin Homes as part of the government’s diktat asking public sector banks look to sell their noncore businesses.

UltraTech Cement is trading in green on the BSE. The company on Tuesday said the Competition Appellate Tribunal (COMPAT) has granted a stay on an order passed by the fair trade regulator Competition Commission of India against the company on deposit of 10% of the penalty amount.

Birla Corporation rallied 2%. Birla Corporation reported an over two-fold jump in standalone net profit at Rs 58 crore for the second quarter ended September 30, 2016. It had registered a net profit of Rs 23 crore in the year-ago period.

EIH is trading marginally lower at Rs 101.65. The company that runs hotels and resorts under Oberoi and Trident brands said it plans to delist its global depository receipts from the London Stock Exchange in February 2017.

Bharti Airtel slipped 1% to Rs 301.55 on the BSE. The telecom company said its customers in the city could face some “teething issues” over the next few days as the country’s largest telecom operator upgrades its 3G network.

Suven Life Sciences advanced 2%. Suven Life Sciences has secured two patents – one each from China and Mexico for its new chemical entities (NCEs) used in the treatment of neurodegenerative diseases.

NMDC gained 1.2%.  Leading steel companies across the globe are showing interest in buying the Nagarnaar steel plant of the NMDC, which is coming up in Chhattisgarh’s Bastar district, as per media reports.

Vedanta soared 4.2% after the company is looking at increasing its captive power generation capacity by 1200MW amid rising production. The company is considering setting up 350MW super-critical units in joint ventures at its different production bases in the country.

Reliance Capital Ltd
BSE 435.90 16.05 (3.82%)
NSE 435.70 15.80 (3.76%)

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Buzzing Stocks: Corporation Bank, Suzlon gain, while Tata Motors drops

Bussing stocksCorporation Bank soared 13% to Rs 47.65 on the BSE after the bank posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015.

Hindalco Industries zoomed 3.8% after the company posted a net profit of Rs 439.7 crore for the quarter ended September 30, 2016 as compared to Rs 123.5 crore for the quarter ended September 30, 2015.

Tata Motors tanked 7.5%. The company has posted a net profit after tax, share of profit of joint ventures and associates of Rs 848 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter ended September 30, 2015.

Suzlon Energy rallied 6.7%. The company has posted a net profit of Rs 238 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 202 crore for the quarter ended September 30, 2015.

Reliance Infrastructure slipped 5.7%. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 571 crore for the quarter ended September 30, 2016 as compared to Rs 426.3 crore for the quarter ended September 30, 2015.

Bank of Baroda climbed 5.7% after the bank posted four-fold rise in net profit at Rs 552 crore for the quarter ended on September 30, 2016, despite increase in bad loans. It had reported a net profit of Rs 124 crore during the same period last fiscal.

Tata Steel fell 5.7%.  The company has posted a net loss of Rs 49.5 crore for the quarter ended September 30, 2016 as compared to net profit of Rs 5,609 crore for the quarter ended September 30, 2015.

Aurobindo Pharma slipped 2.4%.  The pharma company reported 33.5% year-on-year rise in consolidated net profit to Rs 605.64 crore for the quarter ending September mainly on account of robust formulation sales.

BPCL slipped 1.5% after the oil marketing company posted a net profit of Rs 1,305 crore for the quarter ended September 30, 2016 as compared to Rs 1,034.52 crore for the quarter ended September 30, 2015.

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Buzzing Stocks: Vedanta, Eicher Motors soar, while Maruti Suzuki, PC Jeweller slide

Buzzing StocksVedanta Ltd is currently trading at Rs 221.65, up by Rs 19.2 or 9.48% from its previous closing of Rs 202.45 on the BSE.

Ashok Leyland Ltd is currently trading at Rs 91.55, up by Rs 0.2 or 0.22% from its previous closing of Rs 91.35 on the BSE. The company posted total sales in October of 12,533 vehicles versus 9,803 vehicles last year. The company said October M&HCV sales were at 9,574 vehicles versus 7,176 vehicles last year. Its LCV sales stood at 2,959 vehicles compared to 2,627 vehicles last year.

PC Jeweller Ltd is currently trading at Rs 497.5, down by Rs 13.55 or 2.65% from its previous closing of Rs 511.05 on the BSE.

Nihar Info Global Ltd advanced 1.6%. The company has received the Purchase Orders from My Home Constructions, Rain Industries and Pamidi RSB Build Tech in the last ten days.

Eicher Motors jumped 3% after the company reported a 33% increase in total sales in October 2016 at 59,127 units as against 44,522 units in the same month last year. During October 2016, the number of motorcycle units exported, increased by 95% to 748 units from 384 units in October 2015.

Strides Shasun Limited gained 1% after the company announced that it has received approval from the United States Food & Drug Administration (USFDA) for Abacavir Tablets USP, 300 mg.

Maruti Suzuki dropped 0.32% to Rs 5,880 after its sales dipped in the month of October. The company sold 1,33,793 units in October compared to 1,34,209 vehicles in October 2015.

BGR Energy Systems soared 5.3% after the company has been awarded the Balance of Plant (BoP) Contract from TANGEDCO for 1×800 MW North Chennai Thermal Power Project – Stage III. BGR Energy secured this contract in an International  competitive bidding which witnessed stiff competition. The value of the contract is Rs 2,600 crore The contract completion period is 36 months from the date of award.

Allcargo Logistics rose 1% to Rs 191 after the company said its board will meet on 7 November 2016, to consider a proposal for buyback of the equity shares of the company.

Sical Logistics gained 2% to Rs 222.10 after the company securing contract from West Bengal Power Distribution Corporation.

Kitex Garments tanked 10.4% to Rs 458 on BSE after net profit fell 52.4% to Rs 12.92 crore on 20.5% decline in net sales to Rs 95.55 crore in Q2 September 2016 over Q2 September 2015.

Bharti Infratel zoomed 2%. KKR and pension giant Canada Pension Plan Investment Board (CPPIB) are in talks with Bharti Airtel to acquire a significant stake in its listed tower arm Bharti Infratel, as per media reports.

Reliance Industries is trading marginally higher on the BSE. The Directorate General of Hydrocarbons is understood to have computed the penalty payable by Reliance Industries (RIL) for exploiting natural gas that migrated to its KG-D6 block from ONGC’s adjacent asset at upwards of $1 bn, as per media reports.

NBCC inched up 1% after the government will engage state-run construction company NBCC to monetise around 771 acre of prime land held by erstwhile VSNL, a company that the government had sold to the Tata group in 2002 as part of its asset-sale programme.

ONGC slipped 1% to Rs 287.  ONGC Videsh Ltd, the overseas arm of state-owned ONGC, has completed the acquisition of additional 11% interest in Russia’s Vankor oilfield, taking its total stake to 26%.

Karnataka Bank is trading lower by 0.57% on the BSE. The bank informed the BSE that the board of directors at its meeting held on Friday finalised the right issue opening and issue closing dates. The issue opens on November 7, and closes on November 21. Last date for request of split application form is November 15.

Ujaas Energy climbed 13.8%. The company reported a net profit of Rs 9.7 crore for the quarter ended September 30 compared with Rs 3.3 crore reported in the year-ago period.

Heritage Foods slipped 2.4%. The company said it would acquire the dairy business of Reliance Retail through a slump sale. The company has executed a binding agreement for the acquisition. The proposed transaction is subject to regulatory approvals and other conditions and procedures that are customary for similar transactions, Heritage Foods said in a BSE filing.

Avanti Feeds gained 2% after the company reported its consolidated net revenue for Q2 of FY17 was 34% higher YoY at Rs 713 crore. However, reported Ebitda fell by 11% YoY to Rs 56 crore and Ebitda margins shrank 397 bps YoY to 7.9%.

Ashok Leyland Ltd
BSE 90.75 [0.60] ([0.66]%)
NSE 91.15 [0.20] ([0.22]%)

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Stocks To Watch Today:Natco Pharma jumps, AstraZeneca Pharma drops, SP Apparels up

Top Stocks From Capitalheight
Natco Pharma jumped 6.2% to Rs.696. The company announced receipt of successful Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration (FDA) for the inspection conducted, during the period February 8 – February 12, 2016, at its Chemical Division, Chennai, India (named NATCO Organics Limited, prior to amalgamation into the company).

AstraZeneca Pharma tanked 6.6% to Rs.1065 on BSE after it receives a notice of termination of its distribution pact for meropenem from its U.K. parent. This is part of the AstraZeneca PLC’s deal to sell its antibiotics business to Pfizer.

SP Apparels Ltd hit 5% upper circuit at Rs.323. The company net profit rose to Rs.16.4 crore from Rs.6.7 crore in the corresponding quarter of the previous year.

TV Today Network gained 2% after the company has entered into an Advertising Sales Agreement  with Entertainment Network, effective from 1st September, 2016, duly approved by the Board of TVTN through circulation on 24th August, 2016 in relation to TVTN’s 3 private FM radio stations at New Delhi, Mumbai and Kolkata.

Monsanto India slipped 2% to Rs.2385. The company has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world’s biggest seed maker, as per media reports.

PNC Infratech advanced 2.4% after its consolidated net profit more than doubled for the quarter ended June 30, to Rs.54.20 crore as against net profit of Rs.22.13 crore in the year-ago period.

Welspun India slipped for the fourth consecutive session. The stock is trading lower amid Target Corp snapping ties with the it and a probe order by its other clients like Walmart and JC Penny. Around 95.5 lakh shares were traded in a multiple block.

Lupin inched up 0.34% on BSE. The pharma company said its subsidiary Gavis Pharmaceuticals has received approval from the US health regulator to market generic linezolid tablets used for treating bacterial infection in the American market.

IDBI Bank is marginally down at Rs.71.80. The bank will raise Rs.1,500 crore by issuing tier I bonds. The bank said it will allot the bonds on August 30, 2016.

Ramco Systems soared 7% after the company has informed BSE that company’s subsidiary, Ramco Systems Pte Ltd., Singapore, has secured order from one of the top 5 most valuable global brands for Ramco HCM & Payroll in APAC.

Nava Bharat Ventures gained 5.8% to Rs.532. The company posted a 32% drop in consolidated net profit to Rs.29.20 crore for the quarter ended June 30 as against Rs.42.98 crore in the corresponding quarter of the previous fiscal.

Monsanto India Ltd
BSE 2,385.00 [51.75] ([2.12]%)
NSE 2,382.10 [58.70] ([2.40]%)

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Stocks in News For Today..Hindalco,Coal India,IndusInd Bank,Ashok Leyland

Bussing stocks

Hindalco Industries soared 4.9% to Rs.135.35 on BSE. The stock is currently trading at 52-week high on BSE.

Opto Circuits (India) Ltd jumped 13.6% to Rs.13.15. The company has announced that wholly owned subsidiary, Eurocor Gmbh, launchesCoated Shunt Balloon Catheter, used for DIALYSIS patients which reduces re-intervention and preserves future treatment options.

Suven Life Sciences Ltd jumped 2.7% to Rs.209.90 after the company received product patent from India and South Africa.

Shriram EPC soared 11.4% to Rs.28. The company said it will take approval of its shareholders for conversion of debt worth up to Rs 1,280 crore into equity shares.

NMDC Ltd gained 0.47% to Rs.96.70. The company reportedly said that its production was up by about 28% and sales have increased nearly 17% in the April-June quarter of the current fiscal.

Coal India slipped 1.26% to Rs.316. The Board of Directors of the Company will be held on July 11, 2016, inter alia, to consider the proposal for Buy Back of equity shares of the Company and appointment of intermediaries in accordance with all applicable laws.

Igarashi Motors India dropped 2.3% to Rs.685. The company said one of its large shareholders will sell over 3.3 million shares amounting to 10.35% in the company in an offer for sale (OFS) at a floor price of Rs.650.

IndusInd Bank trading marginally higher on BSE. Indusind Bank Ltd posted a net profit of Rs. 6613.80 mn for the quarter ended June 30, 2016 as compared to Rs. 5250.40 mn for the quarter ended June 30, 2015.

Ashok Leyland rose 0.86% to Rs.94.15. The company bagged orders for nearly 3600 Buses from various STUs in the current fiscal. These orders would be executed in the current financial year which would help Ashok Leyland in furthering its leadership position in buses.

Greaves Cotton climbed 3% to Rs.142. The company has forayed into multi-brand spares business, which is an extension to its after-market services.

Inox Wind gained 1% to Rs.240. Inox Wind has bagged an order for a 50 MW wind power project to be deployed in the state of Gujarat from Atria Wind Power.

HDFC gained 0.73% to Rs.1322.HDFC is planning to raise Rs.3,000 crore through synthetic bonds.

Tata Power slipped 1.3% to Rs.72.90. Tata Power said that its board has approved raising up to Rs.3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis.

 

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