Top 10 Stocks in focus on Monday, 20 February 2017
Domestic equity markets are likely to open on a flat note on Monday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global
Here is a list of top 10 Stocks that are likely to be in focus today:
Reliance Communications: Reliance Communications and the Tata Group are believed to have initiated talks to explore a possible union that could see Tata Teleservices join forces with the merged RCom-Aircel and MTS, persons familiar with the matter told ET.
Jindal Steel and Power LtdBSE 4.57 % (JSPL): JSPL, seeking to reduce its debt and reverse past two years of losses, will commission the blast furnace at its greenfield Odisha plant next month, three years after a Supreme Court order striking down a linked coal mine had stalled the progress of the estimated Rs 35,000-crore project.
Idea Cellular: UK’s Vodafone and Aditya Birla Group firm Idea CellularBSE 4.06 % are likely to finalise within a month the mega merger deal that will create India’s largest telecom firm, according to sources.
Mangalam Drugs & Organics: The company on Friday after market hours informed bourses that its facility at Unit-2 was recently audited by WHO-Geneva and have been issued few procedural observations.
Tata Consultancy ServicesBSE 1.51 % (TCS): The board of directors of TCS will meet on Monday to consider a proposal for buyback of equity shares of the company.
State Bank of Travancore: Ahead of its proposed merger with parent SBI, State Bank of TravancoreBSE 0.12 % (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.
Havells IndiaBSE -0.38 % & Lloyd Electric: Havells India, a leading maker of lights and fans, has agreed to buy a unit of Lloyd Electric and Engineering LtdBSE -11.61 % that sells air conditioners and televisions in Rs 1550 crore.
Religare Enterprises: Anand Rathi Wealth Management on Friday said that it has bought Religare EnterprisesBSE -0.04 % Ltd’s wealth management business for an undisclosed amount. Following the deal, Anand Rathi’s assets under management will rise to Rs 13,500 crore from Rs 10,000 crore.
GPT Infraprojects: The company on Friday announced that it has bagged an order worth Rs 64 crore from Rail Vikas Nigam Ltd.
Amtek Auto: Amtek AutoBSE 1.15 % informed bourses that the meeting of board of directors of the company will be held on February 23 to discuss and consider the issue of equity shares.