Top 15 stocks in focus today: Reliance Industries, Hatsun Agro, Jain Irrigation
Reliance Industries, BP submit revised investment plan for KG-D6 gas finds.Five bidders in fray for 30% stake in Jaiprakash Power.TCS says Nielsen extends pact with company for five years.Jain irrigation redeems foreign currency convertible bonds of $40 million.Xl Group to acquire a 20% minority stake in unit Mahindra Insurance Brokers.
Snowman Logistics bagged an exclusive deal from IKEA to manage backend operations of its in-store restaurants business in India. The value of the deal was not known.
Hatsun Agro Product invests Rs 60 crore to expand its cattle feed production plant in Tamil Nadu.
Pharma stocks in focus today. A proposed amendment to the four-year-old DPCO aims to bring non-scheduled drugs under price control by changing the pricesetting method, a move that pharmaceutical companies say will be detrimental to the industry’s growth and kill competition.
Federal Bank’s net profit soared 31% to Rs 264 crore in the quarter ended September from Rs 201 crore a year earlier, driven by a 25% growth in loans, stable margins and steady asset quality.
Atlas Cycles (Haryana) has fixed October 31 as record date for Sub division of 1 equity share of Rs.10/- each fully paid up into 2 equity shares of Rs. 5/- each fully paid up.
Grasim added to the S&P BSE 500 Index.
Hind Rectifiers trades ex-rights basis.
Pokarna last trading day before stock split from Rs 10 to Rs 2.
RBI said Elpro International FII limit of 24% has been breached, no further buying allowed.
HCL Infosystems to consider rights issue on October 20.