Top 10 stocks in focus today: Tata Power, Idea Cellular, Vivimed Labs

India Infoline News Service | Mumbai | November 30, 2016 11:44 IST

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

Stock Market
Idea Cellular: Axiata is looking to sell its 20% stake in Idea Cellular as the Malaysian company believes the Indian telecom provider's valuation will remain subdued for at least the next three years given the likelihood of a pricing onslaught stemming from the entry of Reliance Jio Infocomm, as per media report.

Tata Power: Tata Power posted a consolidated net profit of Rs 336 crore for the quarter ended on September 30, 2016. It had posted a consolidated net loss of Rs 96 crore in the corresponding quarter last year.

National Fertilizers: The company reported an 11% decline in net profit at Rs 46.5 crore for the quarter ended September 30. Its net profit had stood at Rs 52 crore in the year-ago period.

HCC: Hindustan Construction Company said its board would consider issuance of equity shares as well as optionally convertible debentures to lenders under the scheme for sustainable structuring of stressed assets.

Lupin: The pharma company has received approval from the US health regulator to market its Armodafinil tablets, indicated to improve wakefulness, in the American market.

Vivimed Labs: Vivimed Labs on Wednesday said the US health regulator has completed the inspection of its manufacturing facility in Alathur. The company's 'Finished Dosage Form' manufacturing facility has had a favourable outcome post its US Food and Drug Administration (USFDA) inspection.

Quess Corp Ltd: Quess Corp is acquiring the facility management and catering businesses of Manipal Integrated Services. The purchase will help strengthen its market position in integrated facility management, the company said.

SAIL: Government will hold auction to identify strategic buyers for SAIL subsidiaries -- Bhadrawati, Salem and Durgapur. SAIL, the state-owned steel giant, said the government has in-principle approved strategic disinvestment of Bhadrawati, Salem and Durgapur (alloy steel plants).

UCO Bank: The bank has raised Rs 270.59 crore by issuing over 7 crore shares to LIC on preferential basis. “Bank has issued and allotted 7,17,00,000 shares of Rs 10 each to LIC at an issue price of Rs 37.74 per share, including a premium of Rs 27.74 on preferential basis," it said in a regulatory filing.

JSW Steel Ltd: The company has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant.

Punj Lloyd: The company will announce its Q2 numbers today.

***Note: This is a NSE Chart



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