Fifteen stocks in focus on Wednesday, 22 March 2017
Benchmark equity indices, BSE Sensex and NSE Nifty, are likely to open lower on Wednesday following weak global cues.
Nifty futures on the Singapore Stock Exchange were also trading 65.50 points, or 0.72 per cent, down at 9,086, indicating a subdued start for NSE Nifty index.
Asian markets slipped on Wednesday as a sharp pullback in Wall Street on doubts about Donald Trump's economic agenda prompted investors to rush to safe haven assets. Hang Seng, Nikkei and Shanghai were trading lower by 1.03 per cent, 1.81 per cent and 0.22 per cent, respectively.
Both the S&P 500 and the Dow Jones Industrial Average index declined over one per cent on Tuesday, their biggest one day fall since before Donald Trump’s election victory in November.
Here is a list of fifteen stocks that are likely to be in focus today:
Larsen & Toubro: Larsen & Toubro's electrical and automation business is recovering from the impact of demonetisation but the lack of orders from industrial clients continues to weigh on it, SC Bhargava, senior vice president and head of the business, told ET.
Purvankara: The company on Tuesday announced that the board of directors at meeting held on Tuesday have passed an enabling resolution for exit from the investment of Rs 403 crore at Raidurg, Panamaktha Village which would involve the sale of its entire shares in three wholly owned subsidiaries of Puravankara. The transaction has been authorised on a condition that total inflow should not be less than a sum of Rs 475 crore.
United Bank of India: State-owned United Bank of India has set Rs 24.44 as the floor price for its Rs 1,500 crore QIP programme.
Adani Enterprises: Adani Enterprises on Tuesday said it has acquired Adani Infrastructure Pvt Ltd (AIPL), which is yet to commence business operations.
State Bank of India (SBI): Private equity firm Carlyle has emerged as the frontrunner to partner SBI in its credit cards business and replace long-term partner GE Capital, said multiple sources aware of the matter.
IDBI Bank, Bank of Maharashtra, Dena Bank: State-owned IDBI Bank, Bank of Maharashtra and Dena Bank will receive a capital infusion from the government in lieu of preferential allotment of shares.
NALCO: Navaratna PSU National Aluminium Company Limited (NALCO) declared an interim dividend of 56 per cent amounting to Rs 541.22 crore for 2016-17, the highest ever by the company since inception.
Nila Infrastructures: The company on Tuesday said it has signed two pacts with Gujarat State Road Transport Corporation (GSRTC) for development of bus terminals at Amreli and Modasa in the state.
Wockhardt: Drug firm Wockhardt has received approval from the US health regulator to market generic version of Wyeth's Zosyn, used for treating bacterial infections, in the American market.
ABC Bearings: The company on Tuesday informed bourses that it has sold its entire 2.5 per cent equity stake in NSK-ABC Bearnngs Private Ltd to NSK India Sales Company.
HUL: Hindustan Unilever (HUL) announced that it has commenced the commercial production in its new manufacturing unit at Assam on 15 March 2017. The announcement was made after market hours on Tuesday. The company had earlier informed about setting up new manufacturing unit in Assam to augment the production capacity of personal care products of the company.
Indiabulls Housing Finance: The company has announced that it has allotted its seventh tranche of secured, redeemable, non-convertible debentures of face value Rs 10 lakh each (NCDs) aggregating Rs 600 crore i.e. Rs 500 crore plus Greenshoe option of Rs 100 crore.
Mawana Sugars: Mawana Sugars announced that the board of directors of the company, vide resolution dated March 21, 2017, has agreed to enter into one time settlement (OTS) with Punjab National Bank (PNB) Muzaffarnagar, Uttar Pradesh. The purpose of the OTS was for resolution of non-performing asset (NPA) debt. The company settled total memoranda dues of Rs 109.46 crores (as per PNB), for a consolidated agreed amount of Rs 79.79 crore, payable over 15 month without interest. The announcement was made after market hours yesterday, 21 March 2017.
Nifty futures on the Singapore Stock Exchange were also trading 65.50 points, or 0.72 per cent, down at 9,086, indicating a subdued start for NSE Nifty index.
Asian markets slipped on Wednesday as a sharp pullback in Wall Street on doubts about Donald Trump's economic agenda prompted investors to rush to safe haven assets. Hang Seng, Nikkei and Shanghai were trading lower by 1.03 per cent, 1.81 per cent and 0.22 per cent, respectively.
Both the S&P 500 and the Dow Jones Industrial Average index declined over one per cent on Tuesday, their biggest one day fall since before Donald Trump’s election victory in November.
Here is a list of fifteen stocks that are likely to be in focus today:
Larsen & Toubro: Larsen & Toubro's electrical and automation business is recovering from the impact of demonetisation but the lack of orders from industrial clients continues to weigh on it, SC Bhargava, senior vice president and head of the business, told ET.
Purvankara: The company on Tuesday announced that the board of directors at meeting held on Tuesday have passed an enabling resolution for exit from the investment of Rs 403 crore at Raidurg, Panamaktha Village which would involve the sale of its entire shares in three wholly owned subsidiaries of Puravankara. The transaction has been authorised on a condition that total inflow should not be less than a sum of Rs 475 crore.
United Bank of India: State-owned United Bank of India has set Rs 24.44 as the floor price for its Rs 1,500 crore QIP programme.
Adani Enterprises: Adani Enterprises on Tuesday said it has acquired Adani Infrastructure Pvt Ltd (AIPL), which is yet to commence business operations.
State Bank of India (SBI): Private equity firm Carlyle has emerged as the frontrunner to partner SBI in its credit cards business and replace long-term partner GE Capital, said multiple sources aware of the matter.
IDBI Bank, Bank of Maharashtra, Dena Bank: State-owned IDBI Bank, Bank of Maharashtra and Dena Bank will receive a capital infusion from the government in lieu of preferential allotment of shares.
NALCO: Navaratna PSU National Aluminium Company Limited (NALCO) declared an interim dividend of 56 per cent amounting to Rs 541.22 crore for 2016-17, the highest ever by the company since inception.
Nila Infrastructures: The company on Tuesday said it has signed two pacts with Gujarat State Road Transport Corporation (GSRTC) for development of bus terminals at Amreli and Modasa in the state.
Wockhardt: Drug firm Wockhardt has received approval from the US health regulator to market generic version of Wyeth's Zosyn, used for treating bacterial infections, in the American market.
ABC Bearings: The company on Tuesday informed bourses that it has sold its entire 2.5 per cent equity stake in NSK-ABC Bearnngs Private Ltd to NSK India Sales Company.
HUL: Hindustan Unilever (HUL) announced that it has commenced the commercial production in its new manufacturing unit at Assam on 15 March 2017. The announcement was made after market hours on Tuesday. The company had earlier informed about setting up new manufacturing unit in Assam to augment the production capacity of personal care products of the company.
Indiabulls Housing Finance: The company has announced that it has allotted its seventh tranche of secured, redeemable, non-convertible debentures of face value Rs 10 lakh each (NCDs) aggregating Rs 600 crore i.e. Rs 500 crore plus Greenshoe option of Rs 100 crore.
Mawana Sugars: Mawana Sugars announced that the board of directors of the company, vide resolution dated March 21, 2017, has agreed to enter into one time settlement (OTS) with Punjab National Bank (PNB) Muzaffarnagar, Uttar Pradesh. The purpose of the OTS was for resolution of non-performing asset (NPA) debt. The company settled total memoranda dues of Rs 109.46 crores (as per PNB), for a consolidated agreed amount of Rs 79.79 crore, payable over 15 month without interest. The announcement was made after market hours yesterday, 21 March 2017.
