Top stocks in focus: Bajaj Consumer Care, ACC, Mindtree, Federal Bank

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

Oct 16, 2019 02:10 IST India Infoline News Service

Stocks In Focus
Bajaj Consumer Care promoter sold 3.22 crore shares or about 21.9% stake, according to data from stock exchanges. This brings down its holding in the company to 38%.

Bahrain-based Adline Media has terminated brand and content license agreement signed in March 2018 with Entertainment Network. Adline Media has expressed their inability to continue with the aforesaid agreement due to insufficient advertising market to profitably supporting the operating costs of the radio station.

MCX accepted the resignation of its Chief Financial Officer Sanjay Wadhwa.

ACC said it is executing projects that will add new capacity in the markets of Uttar Pradesh, Madhya Pradesh, Bihar, Jharkhand and West Bengal. They also maintained a positive outlook for demand in the coming months.

SBI said that the impact of nationwide strike on Oct. 22 on the bank will be minimal.

Sterling & Wilson signed contract for a new engineering, construction and procurement for Solar Farm In Australia for 220.83 million Australian dollar.

NBCC has secured total business of Rs852.17cr for the month of September.

ONGC’s arm ONGC Videsh has recorded discoveries of oil in Colombia and Brazil.

West Coast Paper Mills acquired 17.2% stake in International Paper APPM on Oct. 11, through an open offer pursuant to the letter of offer dated Aug. 30.

Dalmia Bharat clarified that its arm Calcom has not committed any default in its obligations towards GuarantCo.

United Bank of India to seek shareholder nod on Nov. 7, regarding the issuance of preference shares worth Rs1,666cr to the Government of India.

Sheela Foam has incorporated its arm in U.S. named SleepX US Inc.

Future Enterprises to consider selling assets to Future Retail on November 8.

REC to transfer entire shareholding of REC Transmission Projects in WRSS XXI(A) Transco along with all its assets and liabilities to Adani Transmission

Arss Infra Projects received work order of Rs60.6cr for construction of roads in Odisha by Rail Vikas Nigam.

Ramco Industries: ICRA has reaffirmed short term rating as ICRA A1+ and long term rating as ICRA AA-.

Star Cement's buyback to open on October 22 and close on November 5.

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