Top stocks in focus: Tata Motors, HDFC, Biocon, Vedanta

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

Mar 07, 2019 02:03 IST India Infoline News Service

Stocks to watch
Tata Motors has announced its partnership Delhi-based Wise Travel India (WTi) for the supply of the Tigor electric vehicles, as per media reports. The Indian auto giant has signed an MoU with WTi and will be deploying the Tigor EVs in its fleet used in ground transportation for people in the B2B space.

HDFC said it will pay Rs3.5 per share as an interim dividend and has set March 18 as the record date.

Oriental Bank of Commerce said that the Reserve Bank of India levied a penalty of Rs2cr delayed implementation of SWIFT-related operational controls.

Biocon has received six observations under form 483 for its Bengaluru facility.

Vedanta declared a second interim dividend of Rs1.85 per share. The record date for the purpose of payment of dividend is March 14. The total payout is Rs685cr.

Tata Power crossed the seven-lakh consumer base milestone in Mumbai. The Company has made Mumbai EV ready by setting up 15 charging stations and also set up charging stations in Delhi & Hyderabad.

LT Foods to invest Rs20cr via preference shares in subsidiary Daawat Food Ltd to strengthen the balance sheet of DFL and improve its current ratio. Daawat Foods Limited serves as the manufacturing arm of LT Foods Limited.

HUDCO said it would set up an MTN program to raise foreign currency loan.
NCLT approved the scheme of amalgamation of Shriram Automotive Products Ltd with Shriram Pistons and Rings Ltd.

Raymond terminated a development management agreement with subsidiary Colorplus Realty Ltd.

Cyient selected by UK Power Networks to develop an outage planning portal.

NELCO secured in-flight and maritime connectivity license from the Department of Telecommunications.

Asian Granito raised Rs90cr by way of issue of convertible warrants to the promoter and non-promoter group entities.

Endurance Technologies
OFS: Non-retail quota subscribed 4.61 times.

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