Top 17 stocks in focus today: Inox Leisure, Monsanto, Vardhman Textiles

India Infoline News Service | Mumbai | September 21, 2016, 09:59 IST

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Stock Market
IOC & GAIL: IOC and Gail (India) are set to take a stake in a liquefied natural gas (LNG) terminal being built in Odisha.

Prestige Estates Projects: The company is planning to raise at least $300 million, around Rs.2,000 crore, by selling up to 40% stake in its rent-yielding commercial assets and has drawn interest from Canadian Pension Plan and GIC of Singapore, as per media reports.

Inox Leisure: The Reserve Bank has allowed foreign investors to buy up to 49% stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

Jet Airways: Jet Airways has appointed Jayaraj Shanmugam as Chief Commercial Officer. Shanmugam would be responsible for leading commercial teams to maximise revenue streams and use its market reach, people capabilities and brand appeal to accelerate the airline's reputation for service excellence and efficiency, the company said.

Piramal Enterprises: CCI has approved Piramal Enterprises' proposed acquisition of four brands from pharmaceutical major Pfizer, as per media report.

Monsanto India: German chemicals conglomerate Bayer made an open offer to buy 26% in Monsanto India as part of a global deal. Bayer is acquiring the U.S. based seed major Monsanto for $66 billion, as per media report.

Dwarikesh Sugar Industries Ltd: The company has informed BSE that in respect of the Qualified Institutions Placement, the board of directors has passed a resolution declaring the opening of the Qualified Institutions Placement on September 20, 2016.

Trent Ltd: Trent Ltd has informed BSE that the Company has redeemed 3,000 rated listed unsecured redeemable non - convertible debentures ("NCDs") of face value Rs.10 lakhs each at par on due date i.e. September 20, 2016. Total redemption amount was Rs.300 crore.

NBCC: NBCC (India) said that it has secured work orders amounting to about Rs.440 crore.

IRB Infrastructure Developers: IRB Infrastructure said it has bagged a DBFOT road project for six-laning of 125 km long Kishangarh-Udaipur-Ahmedabad section in Rajasthan.

Vardhman Textiles Ltd: Vardhman Textiles will consider proposal to buy-back the fully paid-up equity shares of the company, as per media reports.

TeamLease Services Ltd: The company has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Larsen and Toubro: L&T has bagged orders worth Rs. 17.26 billion across various business segments.

Cadila Healthcare: Zydus Cadila announced partnership with Japan's Takeda Pharmaceutical Company Ltd to develop vaccine for chikungunya.

Adani Ports: Abbot Point Operations Pty Ltd (APO), the Australian subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ) has entered into an agreement to acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB).

Kolte-Patil Developers Ltd: The company said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with Portman Holdings.


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