Fourteen stocks in focus on Monday, 27 March 2017
Domestic equity markets are likely to open on a flat note on Monday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
SGX Nifty was trading 1.50 points, or 0.02 per cent, down at 9,184.50 in morning trade, indicating a flat start for NSE Nifty index.
Asian peers Hang Seng and Shanghai were trading higher by 0.16 per cent and 0.36 per cent, respectively, in morning trade, while Nikkei was down 1.57 per cent around 8 am (IST).
The US Dow Jones Industrial Average index ended 0.29 per cent down on Friday.
Here is a list of fourteen stocks that are likely to be in focus today:
Reliance Industries: Market regulator Sebi on Friday banned Reliance Industries and 12 others from equity derivatives trading for one year and directed the company to disgorge nearly Rs 1,000 crore for “unlawful gains” made through alleged fraudulent trading in a nearly 10-year-old case.
Motherson Sumi: Barely two months after acquiring Finnish auto components maker PKC Group, billionaire Vivek Chaand Sehgal is on the prowl again. This time, Sehgal's multinational auto components company Motherson Sumi is evaluating another potential $600-million bid for Robert Bosch LLC's (Bosch) global starter motors and generators division, said people directly aware of the matter. Motherson Sumi is in preliminary discussions with banks to explore financing options for a bid, which if materialises, could pave the way for a second major acquisition in a short time. Its Rs 4,000-crore acquisition of PKC Group Oyj was sealed on January 21, which gave it a larger footprint in the US, something it had earmarked as a priority market.
Coal India: The state-owned Coal India announced another interim dividend of Rs 1.15 per share of face value Rs 10 on Sunday.
Hindustan Zinc: The company on Sunday said its 15 MW solar projects in Rajasthan will get commissioned this month, and it is also planning to invest Rs 425 crore for 85 MW power plants by next year.
Jindal Steel (JSPL): The CBI on Friday filed a supplementary charge sheet naming five more persons as accused in a coal scam case against Congress leader and industrialist Naveen Jindal and others. CBI has alleged that Koda had favoured Jindal group firms -- Jindal Steel and Power Ltd (JSPL) and Gagan Sponge Iron Pvt Ltd (GSIPL) -- in allocation of Amarkonda Murgadangal coal block in Jharkhand.
State Bank of India (SBI): The bank had recently said that it would dilute 10 per cent of its stake in the life arm through a public offer.
GVK Power: GVK Power & Infrastructure today said that it has divested 33 per cent stake in the Bangalore International Airport to FIH Mauritius and Fairfax India Holdings for Rs 2,202 crore to bring down its debt level.
HDFC: Mortgage firm HDFC Ltd on Friday raised about $504 million (around Rs 3,300 crore) through rupee denominated bonds to fund its business expansion.
JSW Steel: JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top official has said.
Divi’s Laboratories: Conference call of the company is scheduled at 11 am (IST) on Monday where the management will discuss and answer questions from participants with respect to import alert received by the company from US-FDA.
Reliance Capital: Reliance Capital, part of Anil Ambani led Reliance Group, announced the completion of transfer of its commercial finance division into a separate wholly owned subsidiary.
Bharat Forge: The company on Friday announced divesting 23 per cent of its equity stake in the power equipment joint venture (JV) with French multinational Alstom.
Bank of Maharashtra: Bank of Maharashtra announced that its board of directors at a meeting held on March 24, 2017 approved the proposal of raising of equity capital upto Rs 300 crore by way of preferential allotment in favour of Government of India. The announcement was made after market hours on Friday.
MBL: Music Broadcast (MBL), subsidiary of Jagran Prakashan has commenced broadcast from its radio station at Patna (which was acquired under Phase III auctions held last financial year). The frequency for Patna location is 91.1 F.M.
SGX Nifty was trading 1.50 points, or 0.02 per cent, down at 9,184.50 in morning trade, indicating a flat start for NSE Nifty index.
Asian peers Hang Seng and Shanghai were trading higher by 0.16 per cent and 0.36 per cent, respectively, in morning trade, while Nikkei was down 1.57 per cent around 8 am (IST).
The US Dow Jones Industrial Average index ended 0.29 per cent down on Friday.
Here is a list of fourteen stocks that are likely to be in focus today:
Reliance Industries: Market regulator Sebi on Friday banned Reliance Industries and 12 others from equity derivatives trading for one year and directed the company to disgorge nearly Rs 1,000 crore for “unlawful gains” made through alleged fraudulent trading in a nearly 10-year-old case.
Motherson Sumi: Barely two months after acquiring Finnish auto components maker PKC Group, billionaire Vivek Chaand Sehgal is on the prowl again. This time, Sehgal's multinational auto components company Motherson Sumi is evaluating another potential $600-million bid for Robert Bosch LLC's (Bosch) global starter motors and generators division, said people directly aware of the matter. Motherson Sumi is in preliminary discussions with banks to explore financing options for a bid, which if materialises, could pave the way for a second major acquisition in a short time. Its Rs 4,000-crore acquisition of PKC Group Oyj was sealed on January 21, which gave it a larger footprint in the US, something it had earmarked as a priority market.
Coal India: The state-owned Coal India announced another interim dividend of Rs 1.15 per share of face value Rs 10 on Sunday.
Hindustan Zinc: The company on Sunday said its 15 MW solar projects in Rajasthan will get commissioned this month, and it is also planning to invest Rs 425 crore for 85 MW power plants by next year.
Jindal Steel (JSPL): The CBI on Friday filed a supplementary charge sheet naming five more persons as accused in a coal scam case against Congress leader and industrialist Naveen Jindal and others. CBI has alleged that Koda had favoured Jindal group firms -- Jindal Steel and Power Ltd (JSPL) and Gagan Sponge Iron Pvt Ltd (GSIPL) -- in allocation of Amarkonda Murgadangal coal block in Jharkhand.
State Bank of India (SBI): The bank had recently said that it would dilute 10 per cent of its stake in the life arm through a public offer.
GVK Power: GVK Power & Infrastructure today said that it has divested 33 per cent stake in the Bangalore International Airport to FIH Mauritius and Fairfax India Holdings for Rs 2,202 crore to bring down its debt level.
HDFC: Mortgage firm HDFC Ltd on Friday raised about $504 million (around Rs 3,300 crore) through rupee denominated bonds to fund its business expansion.
JSW Steel: JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top official has said.
Divi’s Laboratories: Conference call of the company is scheduled at 11 am (IST) on Monday where the management will discuss and answer questions from participants with respect to import alert received by the company from US-FDA.
Reliance Capital: Reliance Capital, part of Anil Ambani led Reliance Group, announced the completion of transfer of its commercial finance division into a separate wholly owned subsidiary.
Bharat Forge: The company on Friday announced divesting 23 per cent of its equity stake in the power equipment joint venture (JV) with French multinational Alstom.
Bank of Maharashtra: Bank of Maharashtra announced that its board of directors at a meeting held on March 24, 2017 approved the proposal of raising of equity capital upto Rs 300 crore by way of preferential allotment in favour of Government of India. The announcement was made after market hours on Friday.
MBL: Music Broadcast (MBL), subsidiary of Jagran Prakashan has commenced broadcast from its radio station at Patna (which was acquired under Phase III auctions held last financial year). The frequency for Patna location is 91.1 F.M.
