Top 12 Stocks in focus on Tuesday, 28 February 2017
Domestic equity markets are likely to open on a flat note with positive bias on Tuesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
Here is a list of top 12 stocks that are likely to be in focus today:
Coal India: State-run Coal IndiaBSE -1.21 % on Monday said the board of its subsidiary South Eastern Coalfields has approved a share buyback plan worth Rs 1,200 crore.
Sanofi India: Drug firm Sanofi India reported a 57.98 per cent fall in net profit at Rs 50.5 crore for the fourth quarter ended December 2016 on account of higher expenses. The company had reported a net profit of Rs 120.2 crore in the same period a year ago.
Den Networks: The company on Monday launched its user-friendly online / live streaming platform – DEN TV+ where users can access or watch the content on the go.
TitanBSE 1.27 % Company: Tata group firm Titan Co on Monday said it has forayed into premium sarees and women’s ethnic wear category under the brand name “Taneira”. The company has opened its first Taneira store at Bengaluru that has a collection of handwoven sarees and ethnic wears from across the country with products ranging up to Rs 2.5 lakh.
Larsen & Toubro: Life Insurance Corporation of India (LIC) plans to buy 5 per cent more in India’s biggest engineering company Larsen & Toubro (L&T) for Rs 6,500 crore at current market prices, said two people familiar with the proposal. The insurer, which already owns 16 per cent of the company, has got the regulator’s approval to buy the additional stake recently.
Fortis Healthcare: Daiichi Sankyo has again asked the Delhi High Court to block any stake sales by former RanbaxyBSE 5.63 % promoters Malvinder and Shivinder Singh as it battles to recover more than Rs 2,500 crore from an arbitration award. The move by Daiichi Sankyo comes as the Singh brothers are reportedly in talks to sell a large stake in their company Fortis HealthcareBSE -0.87 % -a move that Daiichi has argued would lead to dilution in the assets it seeks to recover as as part of the award.
Entertainment Network India: Radio Mirchi, India’s leading private FM brand housed under Entertainment Network IndiaBSE 3.05 % (ENIL), bought 21 radio frequencies under the second batch of the Phase III of FM radio auctions this year.
Bharti Airtel: “I am declaring war on roaming”, telecom tycoon Sunil Mittal said on Monday as his firm Bharti AirtelBSE 3.13 % removed roaming charges for outgoing and incoming calls as well as SMSes and data usage within India as it takes on competition from new comer Reliance Jio.
Pincon Spirit: The company on Monday announced the acquisition of five retail outlets in prime locations of Kolkata.
Welspun Enterprises: The company on Monday said its Rs 27O crore buyback offer will open on March 3.
Merck: Drug firm MerckBSE -5.18 % reported a 25 per cent rise in standalone net profit to Rs 18.20 crore for the quarter ended December 31, 2016. The company had posted a net profit of Rs 14.56 crore for the corresponding period of the previous fiscal.
Varun Beverages: PepsiCo’s bottler Varun Beverages said it has raised Rs 300 crore by issuing non- convertible debentures (NCD) to RBL Bank and Kotak Mahindra BankBSE 0.94 % on private placement basis.