Back home, Stocks trended down for the third day in a row on Friday as the BSE Sensex lost over 248 points to end at 25,638.11 — a two-week low — amid an intense global sell-off after the ECB stimulus fell short of the crease. (Source: PTI)
The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking SGX Nifty and global markets. Asian share markets bounced on Monday after Wall Street welcomed an upbeat US jobs report that suggested the world’s biggest economy was well placed to handle an expected first increase in interest rates in almost a decade.
Back home, Stocks trended down for the third day in a row on Friday as the BSE Sensex lost over 248 points to end at 25,638.11 — a two-week low — amid an intense global sell-off after the ECB stimulus fell short of the crease.
Below are some of the stocks that are likely to be in focus today:
Lanco Infratech: Lanco Infratech on Monday announced commencement of power supply to Haryana Discoms from its domestic coal based 300 MW Unit # 2 of Lanco Amarkantak Power Limited (LAPL), Chhattisgarh. With the commencement of power supply to Haryana Discoms at regulated tariff from this pithead plant, the entire 1800 MW operating coal based power portfolio of Lanco is now utilised to its full capacity with fuel pass through.
Tata Steel: Stocks of Britain’s largest steelmaker will be in focus as the company is believed to nearing a deal to sell-off one of its UK steel plants, in a move expected to secure thousands of jobs. It is also likely to cut 720 jobs at one of its UK plants after talks to save redundancies failed.
Adani Ports: The company is keen to complete its own ‘Sagarmala’ dream by having presence in the three key states of Maharashtra, Karnataka and Andhra Pradesh, apart from setting up trans-shipment terminals in Southeast Asia and East Africa.
Essar Oil: Country’s second biggest non-state oil refiner on Saturday issued a public notice to delist the company from local bourses by buying out the non-promoter shareholding of 28.54 per cent at Rs 146.05 per share.
GMR Infra: The debt-laden company is pinning its hopes on a turnaround based on its under construction power generation capacity becoming operational, and growth envisaged in its airport vertical with the increase in passenger traffic.
Titan: Tata Sons, the promoter of major operating companies of the Tata group, will acquire additional 0.22 per cent stake in Titan Company at an estimated price of over Rs 66 crore, taking its total holding to 19.80 per cent.
SpiceJet: SpiceJet, which is evaluating a”substantial fleet order”, will seek shareholders’ approval for raising loans worth Rs 5,000 crore later this month.
ONGC: The Board of ONGC, led by its vocal independent directors and government nominee, had forced the firm’s management to take legal recourse that has now led to a damning finding that Rs 11,000 crore worth of its natural gas had flowed to neighbouring block of Reliance Industries.
Cipla: Cipla has reshuffled its senior management team, the third time it’s doing so in as many years.
JK Tyres: JK Tyre & Industries said operations at its Sriperumbadur-based manufacturing plant have been disrupted for eight shifts owing to unprecedented rains in Tamil Nadu.
NMDC: NMDC has reported 17.50 million tonnes (MT) of iron ore production and logged sales volume of 17.72 MT up to November 2015. The iron ore major stated that the company’s Chhattisgarh mines produced 10.03 MT and registered sales volume of 9.94 MT while Karnataka mines produced 7.47 MT and sold 7.78 MT up to November 2015. The mining company has also fixed the prices of iron ore with effect from December 04, 2015. The Lump Ore prices have been fixed at Rs 1,800 WMT (wet metric tonne) and Fines at Rs 1,560 WMT respectively. The above prices are excluding royalty, taxes, duties and levies.
PNC Infratech: The company has approved the sale of investment and execution of Share Purchase Agreement thereof, held by the Company in Jaora – Nayagaon Toll Road Company (SPV) in the form of 2,44,23,700 equity shares representing 8.51% of the share capital of the SPV, to Viva Highways for an aggregate consideration of Rs 34,19,31,800. Accordingly, the company has entered into a Share Purchase Agreement with Viva Highways, which has made payment of an advance towards the consideration under the Share Purchase Agreement. The completion of the sale is subject to satisfaction of the conditions precedent mentioned in the Share Purchase Agreement by the parties, including receipt of approvals of the lenders of the SPV.
Sona Koyo Steering Systems: Auto components maker Sona Koyo Steering Systems (SKSS) plans to launch next fiscal the power steering technology for small tractors in the domestic market. The company is already exporting power steering technology called Electronic Power Assisted Module (EPAM), developed for off-road vehicles four years back, to the US market. The same technology is being adopted for small tractors in India. At present, power steering is available in big tractors alone and it cannot be fit into small tractors due to lower engine capacity and space constrain.
Artson Engineering: The company has bagged a purchase order for Fabrication and Supply of Steel Structures for a steel plant. The estimated order value is Rs 10.77 crore. The company had last month bagged order worth Rs 13.26 crore. The purchase order is for Fabrication and Supply of Building Structure for a mining plant. Artson Engineering is engaged in pioneering work in developing products and systems in fuel handling and tankage construction activities in refineries, which led the company to become one of the foremost companies in India with specialization in Petroleum Storage and handling systems.
Indian Oil Corporation: Assisted e-commerce platform StoreKing has tied up with Indian Oil Corporation (IOC) to provide services across petrol bunks in Tier-III and rural areas across the country. The partnership will give StoreKing access to 25,000 touch points across the country, of which 7,500 would be in rural locations. The programme, being piloted in Karnataka, will see the setting up of kiosks at petrol bunks, where customers will be able to order for products online, pay for these and pick up deliveries. StoreKing and IOC plan to set up 250 such centres across the state by March. The tie up will help IOC petrol pump owners earn additional income while the oil firm is looking at the partnership as a way to improve walk-ins.
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