Coffee Day Enterprises which operates Cafe Coffee Day (CCD) outlets will list its shares on stock exchanges today.
The BSE Sensex and NSE Nifty opened on a flat note on Monday. Sensex opened 15.14 points down at 26641.69. Nifty opened 11.25 points down at 8,054.55.
Below are the stocks that are likely to be in focus today
Titan Company: Share price of the Tata Group firm declined as much as 5.36 per cent in the early trade on Monday after it reported 39.41 per cent decline in net profit at Rs 145.39 crore for the second quarter ended September 30, hurt by sharp drop in income from jewellery business. The company had posted a net profit of Rs 239.98 crore in the same quarter last fiscal.
Coffee Day Enterprises: The operator of India’s biggest coffee chain made a weak debut on bourses and opened at Rs 317 on NSE, below its initial public offering price of Rs 328. On BSE, shares of Coffee Day Enterprises opened at Rs 313. At 10.08 am, Coffee Day Enterprises shares were trading at Rs 292.75 apiece. The scrip touched a high and low of Rs 318 and Rs 280.70, respectively, on BSE in trade so far.
Jet Airways: Ace investor Rakesh Jhunjhunwala on Friday picked up 1.05 per cent stake in Jet Airways for Rs 50.52 crore through an open market transaction. According to the bulk deals data available with NSE, Jhunjhunwala’s RARE Enterprises acquired 11,95,000 shares or 1.05 per cent stake in the private airline.
Tata Motors: Stocks of the auto major will be in focus as the company on Sunday reported 1 per cent growth in total sales at 43,486 vehicles for October 2015 compared to 42,862 units in the same month of last year. Domestic sales of its commercial and passenger vehicles, however, were flat at 38,917 units in the month.
Adani Power: Adani Power Ltd is considering raising funds through issuance of shares on preferential basis to promoters.
Indian Overseas Bank: The public sector lender on Saturday reported a net loss of Rs 550.83 crore for the second quarter ending September 30, 2015.
Nalco: In its first overseas foray, the state-run aluminium producer Nalco has lined up a plan to invest $2.8 billion to build a smelter and a captive power unit in either Iran or Oman, depending on where it will get the fuel cheaper.
IOC: The public sector company has expressed interest in taking 5-10 per cent stake in the Rosneft-operated field.
Mahindra & Mahindra: The carmaker on Sunday reported 20 per cent surge in total sales at 51,383 vehicles in October, mainly of account of good demand for its recently launched TUV300. It had sold 42,780 vehicles in the same month last year.
Reliance Communications: The company informed BSE on Saturday that a meeting of the Board of Directors of the Company will be held on November 2, 2015, inter alia, to consider a Scheme of Arrangement for demerger of Telecom Business Undertaking of Sistema Shyam Teleservices Limited into the Company.
Birla Corporation: The company has commissioned its cement blending unit at Raebareli with an annual capacity of 5 lac tons. The company had earlier in August, agreed to a transaction with Lafarge India, whereby Birla Corp, either directly or through its wholly owned subsidiary, shall acquire both the Jojobera and Sonadih cement businesses from Lafarge India for an Enterprise Value of Rs 5,000 crore.
Jyothy Laboratories: The FMCG company is aiming to double its turnover to around Rs 2,900 crore in the next four years on the back of market expansion and extension of sub-brands. The company is looking to expand the market reach of some of its products which have strong regional presence across India in order to drive growth.
Sadbhav Infrastructure Project Ltd(SIPL): The company on Saturday said that it has completed the stake acquisition in Dhule Palesner Tollway Ltd (DPTL) from its JV partners, HCC Concessions (HCON) and JLL.
NTPC: The thermal power company is looking to source low-cost re-gasified liquid natural gas (RLNG) from spot markets overseas to improve its margins that have taken a hit in recent quarters.
Indiabulls Real Estate Ltd (IBREL): The company has cut its net debt by over Rs 300 crore during the second quarter of this fiscal and is targeting to further reduce it by Rs 1,850 crore by March 2017.
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