Top 16 stocks in focus today: Reliance Defence, Godrej Properties, Union Bank of India

India Infoline News Service | Mumbai | September 22, 201611:41 IST

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

Stocks to watchTata Motors: Tata Motors-owned Jaguar Land Rover (JLR) launched all new Jaguar XF priced between Rs 49.50-62.10 lakh. The deliveries of the new XF will begin from the month-end, the company said in a statement here.

Orient Paper and Industries Ltd: Orient Paper has decided to demerge its electrical appliances division to unlock shareholder value.

SAIL: SAIL is planning to increase sales by 20% to 14.52 million tonnes (MT) this fiscal from 12.1 MT a year-ago.

M&M: Mahindra and Mahindra Ltd is recalling new generation Scorpio and Nuvo Sport vehicles manufactured until June 2016 “for a pro-active inspection of fluid hose ”, the company said.

IOC: Indian Oil Corp wants to buy Gujarat State Petroleum Corp.’s (GSPC) entire stake in the GSPC-Adani liquefied natural gas (LNG) terminal being built in Mundra, Gujarat.

Nestle India: Nestle India on Wednesday moved Supreme Court seeking its nod to destroy about 550 tonnes of Maggi Noodles, the stock which was recalled from the markets last year after reports that it contained lead beyond the permissible limit, as per media reports.

Union bank of India: Union Bank of India has completed the acquisition of 49% shareholding in Union KBC Asset Management Company and Union KBC Trustee Company from KBC Participants Renta and its affiliates.

REC: The company has informed BSE that in the 47th Annual General Meeting of the Company which was held on September 21, 2016, board has decided to raise authorized capital to Rs 5,000 crore from Rs.1200 crore and announces 1:1 bonus.

TCS: Tata Consultancy Services has been awarded the Gold rating certificate by EcoVadis, an independent CSR advisory firm. This is the third year in a row that TCS has received the top accolade from the Paris-headquartered firm.

Reliance Defence & Engineering: Reliance Defence and Engineering is in talks with the Indian Coast Guard to finalise a long-pending Rs 920-crore contract for 14 Fast Patrol Vessels.

Aurobindo Pharma, Cadila Healthcare: Aurobindo Pharma and Cadila Healthcare have recalled over 25,500 bottles of two different drugs in the US due to the presence of foreign tablets and failed dissolution specifications, as per media reports.

United Breweries: United Breweries said private lender Yes Bank has invoked 19 lakh of its shares worth Rs. 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group, as per media reports.

Godrej Properties: The company has acquired a land parcel measuring approximately 12 acres off Sarjapur Road in South Bangalore.

ABG Shipyard: ABG Shipyard on Wednesday rejected its lenders' proposal to invoke strategic debt restructuring (SDR) in the company.

Byke Hospitality: Byke Hospitality informed BSE that it has acquired properties in Jaipur and Mumbai on long term lease.

BOSCH: Bosch expects its mobility business to grow by 5% this year riding on the technology products in the commercial vehicle segment while it gears up to meet new emission standards in India and China.

GNFC: Gujarat Narmada Valley Fertilisers and Chemicals Ltd (GNFC) said it has entered into a joint venture to set up a wet lime project in Bharuch at a cost of Rs 50 crore.
 

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