Stock Focus

Top 15 stocks in focus today: SBI, Tata Motors, Coal India, Jaiprakash Associates

04 Jul 2016 08:09 AM

SBI: State Bank of India has informed the Exchange that With reference to the captioned matter, company advise having sold 5% stake in National Stock Exchange of India Limited (NSE) constituting 22,50,000 equity shares of NSE to Veracity Investments Limited, a Mauritius based FII, on 30 .06.2016 at Rs.4050 per share for a total consideration of Rs.911 crore.

Tata Motors: Tata Motors LCV sales grew by 14% in the month of June 2016 and its passenger cars growing by 22%. The company’s total passenger and commercial (including exports) in July 2016 were at 44,276 vehicles, a growth of 8%, over 40,869 vehicles sold in June 2015.

Larsen & Toubro: L&T will also be in focus as its subsidiary L&T Infotech will launch IPO of more than Rs.1,200 crore on July 11.

Coal India Ltd:The company reported a 10% growth in production during June 2016 at 42.72 million tonnes; Sales registered a near 7% growth take for the month at 44.96 million tonnes.

Punjab National Bank: The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.40 per cent.

RIL: State Bank of India and Reliance Industries has signed the Shareholders agreement on June 30 for setting up payment Bank.

Jaiprakash Associates Ltd: The Board of Directors of the Company to meet today, to review the progress of the divestment plans and other related matters.

Future Consumer Enterprise: The company said it would raise Rs.134 crore from the World Bank's investment arm International Finance Corporation (IFC).

IDBI Bank: The bank is reportedly planning to complete proposed Rs.3,771 crore qualified institutional placement (QIP) to potential investors, according to reports.

Adani Transmission Ltd: The company has signed definitive agreement with GMR Energy Ltd. to acquire 49% Equity Shares of Aravali Transmission Service Company Limited with an option to acquire 100% in a manner consistent with Transmission Service Agreement and applicable consents.

Camlin Fine Sciences: The company has announced that in respect of the QIP, the QIP Committee of the Company at its meeting held on July 01, 2016, inter alia, has approved the issue price of Rs.85.40 per Equity Share, which is at a discount of Rs.4.49 per Equity Share, to the Floor Price of Rs.89.89 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP.

Indian Hotels Company Ltd: The company  has announced that Samsara Properties Limited, the Company's indirect overseas wholly owned subsidiary, has sold 5,175,000 (Five million one hundred seventy five thousand only) Class 'A' Common Shares of the face value of US$ 0.01 each of Belmond Limited, representing 5.1% of the total outstanding Class 'A' Common Shares for a net consideration of US$ 49.57 million. The sale proceeds are being utilized largely for retirement of debt.

IL&FS Investment Managers Ltd: The company is raising a $500 million infrastructure fund to invest in roads and energy projects, as per media report.

Bosch Ltd: The  Board of Directors of the company has approved the buy-back of 8,78,160 fully paid up equity shares of face value Rs.10 each per share (representing 2.796 % of the total paid-up equity share capital) of the Company at a price of Rs.23,000/- each per share aggregating to Rs.20.20 crore.

Jubilant Industries: Jubilant Industries has informed BSE that considering the unfavourable market conditions, the management of the Company's material unlisted subsidiary, Jubilant Agri and Consumer Products Limited have decided to temporarily discontinue the operations of its manufacturing facility located at Kapasan, Rajasthan engaged in the production of Single Super Phosphate with immediate effect till further intimation.

MPS Limited: MPS has completed the acquistion of Magplus, a leading digital platform company for creating and distributing content apps, based in Sweden and USA. Magplus was a part of Bonnier Growth Media which is the venture arm of media conglomerate Bonnier and home to some of the fastest growing companies in the group.