Top 15 stocks in focus today: Welspun Enterprises, Sasken Communication, Ratnamani Metals

India Infoline News Service | Mumbai | December 26, 2016 11:47 IST

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

Stocks to watch
Welspun Enterprises: Welspun Enterprises is looking to divest its entire 15.49 per cent in Welspun Energy.

Shirpur Gold: The company approved in-principal approval to Zee Gold DMCC, Dubai, wholly-owned subsidiary of Shirpur Gold for acquisition of 70% of shareholding rights of Metalli Exploration and Mining Mali for gold mines located in Mali.

Cipla: The pharma company has yielded a final approval for its lead MDI product Fluticasone + Salmeterol (Sereflo) from UK MHRA for its partner in the UK.

Trent: The company has informed bourses that Brickwork Ratings has upgraded the rating for the non-convertible debentures amounting to Rs 75 crore issued by the company which have been listed on National Stock Exchange of India Limited, from BWR AA to BWR AA+ .

Mahindra & Mahindra: Mahindra & Mahindra plans to increase prices of its vehicles by up to Rs 26,500 from January as it looks to partially offset rising input costs.

Apar Industries: The company informed bourses that a meeting of the board of directors of the company is scheduled to be held on January 6 to consider matters related to buyback of the fully paid-up equity shares of the company.

Camlin Fine Sciences: The company announced that it has entered into a share purchase agreement to acquire 51 per cent stake in an entity in China, which shall be subject to certain conditions being fulfilled prior to the said acquisition and regulatory approvals. The said acquisition can also be through the company's subsidiaries and/or group companies.

Ratnamani Metals & Tubes: The company has bagged two new orders aggregating to 22,000 MT valued at approx Rs 103 crore and Rs 33 crores for supply of Carbon Steel ERW pipes for gas pipe line in India to be completed by June/July 2017 and Oct/Nov 2017 respectively.

Sasken Communication: Sasken Communication Technologies said it has received shareholders approval for buyback of up to 28.24 lakh equity shares, at a price not exceeding Rs 425 per share for a total consideration of about Rs 120 crore.

ISGEC Heavy Engineering: The company informed bourses that it has signed a technology agreement with AP&T of Sweden for cooperation in the manufacture of Hydraulic Press and other equipments for Press Hardening Line.

JSW Energy: The company has informed bourses that Credit Analysis & Research Limited (CARE) has reaffirmed the ratings of the company for Long term Bank Facilities and Non-Convertible Debentures as CARE AA- (Double A Minus), however has revised its outlook from 'Stable' to 'Negative'.

ONGC: ONGC will pay over $1.2 billion for buying debt-laden GSPC's entire 80% stake in KG-basin natural gas block, which is struggling to start commercial production despite trial outputs starting nearly two-and-half years back.

Tata Steel: Tata Steel has signed an agreement to acquire Brahmani River Pellets Ltd (BRPL) for Rs 9 bn in cash.

Balrampur Chini Mills: The company has got environment clearance for expansion of its Babhnan unit of distillery and co—generation power in Uttar Pradesh, entailing Rs720mn investment.

Sun Pharma: Sun Pharma subsidiary has invested USD13mn (about Rs 880 mn) in the US-based scPharmaceuticals Inc.

Divi's Laboratories: The US Food and Drug Administration (USFDA) has issued form 483 with five observations against Divi's Laboratories' unit at Chippada Village in Visakhapatnam of Andhra Pradesh following an inspection, which concluded on December 6.

Wipro: Wipro has agreed to pay a civil money penalty worth USD5mn to the US Securities and Exchange Commission (SEC) to resolve a six-year-old investigation on account of embezzlement of funds by an employee. 

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.