Top stocks in focus on 3 October 2017
Here is a list of top stocks that are likely to be in focus in today's trading session.
At 8 am, Nifty futures trading on SGX were up 41.50 points, or 0.42 per cent, at 9,881, indicating a positive start for NSE Nifty index.
Here is a list of top stocks that are likely to be in focus in today's trading session:
RCom: Reliance Communications (RCom) called off its merger with Aircel citing regulatory uncertainties and alluding to sabotage by “vested interests“, dealing a blow to the hopes of the two debt-ridden telecom companies to jointly take on stronger rivals Bharti Airtel and Reliance Jio Infocomm besides raising questions about their long-term survival.
SBI Life: SBI Life Insurance, which recently completed its initial share sale offer, will make its stock market debut on Tuesday. Its Rs 8,400 crore IPO, which was sold between September 20 and 22, was subscribed 3.58 times.
Reliance Infrastructure: Greenko, backed by Singapore's GIC and Abu Dhabi Investment Authority, has sought to acquire Anil Ambani-led Reliance Infrastructure's flagship Mumbai electricity business for an enterprise value of Rs 13,000-14,000 crore ($2.15 billion), said people aware of the matter.
Auto stocks: Shares of auto companies are likely to stay in focus as automakers report their monthly sales numbers for September. Maruti Suzuki India has posted a growth of 9.3 per cent in its sales in September. Bajaj Auto has reported 14 per cent jump in monthly sales.
HPCL: At a time when the Indian government and its companies have been on a losing streak in international arbitration, a PSU has bucked the trend. Oil marketing company (OMC), Hindustan Petroleum Corp has just won an arbitration award worth Rs 806 crore against Malaysia's M3nergy in an arbitration that has been ongoing since 2009.
Dr Reddy's Labs: The drugmaker has launched Sevelamer Carbonate tablets, 800 mg, a therapeutic equivalent generic version of Renvela (sevelamer carbonate) tablets, in the US market following approval by the US Food and Drug Administration (USFDA).
Power Grid: Power Grid: State-run Power Grid Corp said it has entered into a term loan facility agreement with ICICI Bank for Rs 3,270 crore.
MOIL: MOIL has fixed prices of different grades of manganese ore and other products, effective from October 1. The prices have been increased by 7.25 per cent on the existing prices prevailing since July 1 of various grade of manganese ore. The price of electrolytic manganese dioxide (EMD) has been increased by 2.36 per cent on the existing price prevailing since July 1.
Tata Global Beverages: Starbucks, the world's largest coffee retailer, posted its slowest sales growth in India last year, likely indicating that its novelty factor is waning as it focuses on profitability and halts aggressive expansion. Tata Starbucks, the unit in India formed in partnership with the Tata Group, clocked net sales of Rs 272 crore, a growth of 14 per cent, during the year ended March 2017 and narrowed losses to Rs 32 crore, according to filings with the Registrar of Companies.
Lupin: The drugmaker has received final approval for its Doxycycline Hyclate Tablets USP, 75 mg and 150 mg from the USFDA to market a generic version of Aqua Pharmaceuticals, LLC's Acticlate Tablets, 75 mg and 150 mg.
Arvind: The company has raised Rs 100 crore on 29 September 2017 by allotment of 7.79% 1000 unsecured, listed, rated, redeemable NCDs of face value of Rs 10 lakh each on private placement basis.
Alok Industries: The companyhas entered into an agreement with ECL Finance for interim financing for an amount up to Rs 150 crore.
S H Kelkar and Company: The company has announced that Keva Fragrances, subsidiary of the Company has executed Share Purchase Agreement for acquisition of 100% share capital of VN Creative Chemicals on 29 September 2017.
Urja Global: The company has received Letter of Award from Jammu and Kashmir Energy Development Agency for supply, installation and commissioning including 5 years comprehensive maintenance contract of 1000 KW Grid connected Rooftop Solar PV Power Plants in Jammu and Kashmir regions.