Top stocks in focus: Tata Motors, DHFL, Sun TV, Delta Corp

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

Mar 11, 2019 08:03 IST India Infoline News Service

Tata Motors Group global wholesales, including JLR, was at 1,10,262 units in February 2019. The group global was lower by 9% compared to the year-ago period.

DHFL stock in focus as Brickwork Ratings downgraded various debt instruments by one notch citing de-growth in business on account of inability to raise funds.

Syndicate Bank reduced its MCLR by 10 bps across all the tenors.

NCLT Ahmedabad approved Reliance Industries-JM Financial resolution plan for Alok Industries insolvency process.

Oil India awarded two blocks as part of the Discovered Small Field Bid Round – II.

Sun TV Network announced a dividend of Rs2.5 apiece.

Goa Carbon
produced 18,026.8 MT of calcined petroleum coke, i.e., 54% higher compared to last year.

Punj Llyod stock in focus as NCLT admitted ICICI Bank’s petition under Insolvency and Bankruptcy Code in respect of an alleged default amount of Rs853.8cr.

Dilip Buildcon declared L-1 for the EPC project in Maharashtra.

Government signed share purchase agreement with Visakhapatnam Port Trust, Paradip Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust to sell 73.5% stake in Dredging Corp. The existing board of directors have resigned.

CG Power and Industrial Solutions board decided to reclassify seven of its discontinued operations as continuing operations with effect from Jan. 1.

McLeod Russel India said it will sell assets of Boroi Tea Estate in Assam to Jatinga Agro Tech for Rs28cr.

Kwality will consider its December-ended period results on March 14.

Delta Corp said it will buy 25% stake in Jalesh Cruises Mauritius for $10 million. Jalesh Cruises will acquire cruise ships and operate cruise services to various destinations from India.

HG Infra Engineering has received a letter from NHAI with respect to nullifying of bidding process and to re-invite the bids for new EPC project under NHAI for construction of 6-lane access controlled Green field highway in Rajasthan.

Cipla’s wholly owned subsidiary Goldencross Pharma Private Limited has completed the closing of Wellthy Therapeutics Private Limited, transaction representing an acquisition of 11.71% stake in Wellthy.

DSP Trustee cuts its stake in Eveready Industries by 3.8% to 1.09%.

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