(Photo: PTI)
The BSE Sensex and NSE Nifty opened in green on Monday tracking positive global cues. Sensex opened 163.08 points up 27242.60.
Here is a list of 10 stocks which are likely to remain in focus today
Infosys: The IT bellwether reported standalone net profit of Rs 6,306 crore for the quarter ended September 2015. The company posted consolidated net profit of Rs 3,398 crore in the same quarter.
Unichem Laboratories: There is buzz that medium-sized Indian drugmaker Unichem Laboratories is exploring the sale of its domestic formulations business. The proposal by one of India’s oldest pharmaceutical companies is at a preliminary stage and is being studied by large strategic investors and private equity firms. Investment bank Jefferies has been hired to seek potential suitors. The valuation could be $1-1.2 billion. Potential suitors could include some of the world’s top drugmakers such as Mylan, Abbott, Sanofi, Teva or even Pfizer.
Vedanta: Shares of Vedanta will be in focus. With reference to media reports titled “Vedanta eyes Solar Energy Biz, plans to create 500 MW capacity,” Vedanta after market hours on Friday clarified that the company has no firm plans to enter the solar generation industry and termed the media reports as speculation.
Tata Steel: Tata Steel announced after market hours on Friday that its hot metal production rose 3 per cent to 2.66 million tonnes in Q2 September 2015 over Q2 September 2014. Crude steel production rose 11 per cent to 2.51 million tonnes in Q2 September 2015 over Q2 September 2014. Saleable steel production rose 9 per cent to 2.41 million tonnes in Q2 September 2015 over Q2 September 2014. Deliveries rose 11 per cent to 2.33 million tonnes in Q2 September 2015 over Q2 September 2014.
Kolte-Patil Developers: Kolte-Patil Developers said that the board of directors of the company at its meeting held on October 9, has allotted 110, 15 per cent Secured Redeemable Non-Convertible Debentures Series III having face value of Rs 1 crore each aggregating to Rs 110 crore through private placement. The announcement was made after market hours on October 9.
GMR Infra: GMR Infrastructure’s subsidiary Kakinada SEZ has signed an agreement with Japan’s JGC Corporation (JGC) for co-developing the Japanese Oriented Food Processing Park at its Kakinada SEZ. JGC and GMR will jointly undertake a detailed study for developing and operating the export-oriented food processing park catering to various food and agro processing sectors such as sea food, fruits and vegetables, pulses and grains, dairy and spices and nuts. The park is planned to be spread over an area of 300 acres having both value-added and ready-to-eat products.
Suprajit Engineering: Suprajit Engineering has acquired the balance 10.88 per cent stake in the fully paid up Equity Share Capital of Phoenix Lamps from Argon India Limited, Mauritius & Argon South Asia, Mauritius i.e. 30,47,312 equity shares of Rs 10 each for a consideration at Rs 89 Per share aggregating to Rs 27.12 crore and completed second tranche of share transfer in line with SPA signed on May 2015. Earlier, the company had acquired 51 per cent stake in Phoenix Lamps on June 2015 and 0.05 per cent shares acquired from open offer concluded recently. With this the company takes the total shareholding in Phoenix to 61.92 per cent and concludes the acquisition activities related to Phoenix Lamps.
SpiceJet: Budget passenger carrier SpiceJet has embarked upon a major fleet and flight expansion programme for the upcoming winter season. The company will induct six new aircraft within 30 days. At present, the airline has in its next generation fleet 20 Boeing 737 and 1 Airbus A319 aircraft along with 14 Bombardier Q-400 aircraft. Further, the company has unveiled a new winter schedule, raising a total daily flight operation to 291 from the current 250, adding 10 new sectors, 30 new frequencies and 22 connecting flights.
Tata Teleservices (Maharashtra) (TTML): TTML has reported the subscriber figures as on September 31, 2015. The company’s total subscribers stood at 1,06,07,705 of which Wireline contributed 8,16,304, FWT 7,01,215 and Mobile 90,90,186 subscribers. In Mumbai service area, the company’s total subscribers stood at 39,34,444 of which Wireline contributed 5,33,752, FWT 5,835 and Mobile 33,94,857 subscribers while in Rest of Maharashtra, the company’s total subscribers stood at 66,73,261 of which Wireline contributed 2,82,552, FWT 6,95,380 and Mobile 56,95,329 subscribers.
Yes Bank: Yes Bank has exited debt-ridden Lanco Infratech, a move which may have been prompted by foreign research report that expressed concern about the bank’s exposure to highly leveraged companies. Yes Bank, which is among the 27 bankers to Lanco Infratech, has a superior loan structure, with an exposure of about Rs 250 crore that enabled it to exit the account. The bank has decided not to renew its Rs 250-crore loan to Lanco Infratech, and has invoked its powers to claim its right on the Rs 250 crore lying in the escrow account.
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