Top stocks in focus: Sun Pharma, HCL Tech, Tata Motors

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

Sep 11, 2019 02:09 IST India Infoline News Service

Stocks In Focus
Sun Pharma increased stake in PJSC Biosintez Of Russia to 100% from 96.96% through purchase of shares.

JK Tyre redesignated Anshuman Singhania deputy managing director with immediate effect.

OBC cuts 1-year MCLR to 8.40% from 8.55%.

IL&FS Engineering & Construction appoints Bhaskara Rao & Co as the sole statutory auditor.

Meghmani Organics' subsidiary MFL to set up a Rs275cr epichlorohydrin project.

Varun Beverages approves to acquire 20% of issued & paid-up equity share capital of Lunarmech Technologies.

Tata Motors' Jaguar Land Rover retail sales in August drop to 34,176 vehicles, down 6.7% YoY.

Glenmark Pharmaceuticals gets ANDA approval for Clobetasol Propionate Foam.

CRISIL revised long-term rating to AA+ and reaffirmed short-term rating at A1+ on Indiabulls Housing Finance.

Brickwork Ratings downgraded Reliance Capital's rating to BB and revised rating outlook to negative from credit watch, with negative implications for long-term debt programme, market linked debentures and subordinated debt of the company.

HCL Technologies to acquire Sankalp Semiconductor.

AI Global Investments (Cyprus) PCC made an open offer to acquire 26% stake in DFM Foods at Rs249.50/share.

CARE assigned BBB+ rating to Gravita India's long-term bank facilities and A2 to the short-term bank facilities.

DSP Mutual Fund said that DHFL has paid the balance amount of Rs75cr, resulting in the complete recovery of CPs held by various schemes of DSP Mutual Fund. Company stated that it has honoured payment obligations in due course as original repayment schedule until July 5.

Reliance Nippon Life Asset Management: Promoter Reliance Capital plans to sell up to 1.93 crore shares or 3.15% of equity via offer-for-sale for over Rs505cr. Reliance Capital held 32.12% stake in the company as of June 30. The offer opens today for non-retail investors. The sale for retail investors will open on Sept. 12.

Fair trade regulator Competition Commission of India has approved Amazon Group’s investment arm’s application to invest in equity shares of Quess Corp by preferential allotment.

Future Lifestyle Fashions' Board approved allotment 64.8 lakh shares at an issue price of Rs463/share aggregating to Rs300cr to Apollo India Private Equity (Mauritius).

HDFC MF increased its stake in Inox Leisure from 5.2% to 7.4%.

Eveready Industries clarified on the report of Duracell buying its assets, stating that no definitive decisions around such possible option has been made by the company.

NCLAT withdrew Religare Finvest’s application for insolvency against Bharat Road Network, as amicable settlement has been reached between both the parties.

Goa Carbon's August Production of Calcined Petroleum Coke at 16,627 million tonnes.

Punjab & Sind Bank to consider capital infusion of Rs800cr by Government of India on Sept. 19.

Indian Overseas Bank to keep MCLR unchanged across various tenors at current levels with effect from Sept. 10.

Varun Beverages to increase its stake from 35% to 55% in Lunarmech Technologies for Rs15cr.

Essel Propack's Promoter Epsilon created pledge of 75% stake in the company in favor of DB International Trust (Singapore).

Indiabulls Real Estate plans to sell stake in four joint-ventures at an aggregate equity value of Rs4,420cr to Blackstone Group. The stake sale will help achieve the company its target of being zero net debt. The deal is subject to closing adjustments and is expected to complete soon.

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