Top 15 stocks in focus today: Wockhardt, HDFC, Bharti Airtel
Wockhardt: The US Food and Drug Administration has issued a warning letter to Wockhardt’s Ankleshwar plant, as per reports. The company told ETNow that the warning letter for Ankleshwar facility is not a new development. It is a follow up on import alert on Ankleshwar.
HDFC: India’s second largest mortgage lender Housing Development Finance Corp. (HDFC) Ltd reduced interest rates on home loans.
Bharti Airtel Ltd: Bharti Airtel offered free calls and data to anyone switching to its network, in an attempt to counter free services from Reliance Jio, available until 31 March.
Coal India: Coal India from this month will begin the second phase of auction of coal linkages for the non-regulated sector and is likely to put on offer 14.5 million tonnes of fuel.
Bombay Dyeing: Bombay Dyeing and Manufacturing Company has drawn up a major strategy to revive its textile retail business and is looking for a turnaround in 2017-18.
Punjab and Sind Bank: Another public sector lender Punjab and Sind Bank also cut the one-year MCLR to 8.75 per cent, down by 0.8%.
Nandan Denim: The Reserve Bank of India on Tuesday notified that foreign portfolio investors can now invest up to 49 per cent in Nandan Denim against 24% earlier.
Corporation Bank: The bank lowered 1-year MCLR rate by 0.70 per cent to 8.75%.
Indiabulls Housing Finance: Indiabulls Housing Finance on Tuesday reduced its home loan rates by 45 basis points, bringing it down to lowest in six years.
Glenmark Pharmaceuticals: The pharma major has received final approval from the US health regulator USFDA for sale of Tretinoin Capsules, used in treatment of leukemia.
MOIL: The company on Sunday increased prices for electrolytic manganese dioxide and chemical grades ore by 5 per cent and 10 per cent, respectively.
Bank of India: The bank cut benchmark lending rates by up to 0.90% point on Tuesday. For one year, the MCLR, or marginal cost of funds based lending rate, is now at 8.50%.
Engineers India: The company on Tuesday informed bourses that the Committee of the Board of Directors in its meeting held on Jan 3, has approved the issue and allotment of 33.69 crore bonus equity shares in the ratio of 1:1 to the existing shareholders holding shares at the close of business hours on the record date ie Jan 2.
Max Ventures and Industries: The company to hold board meeting on January 9 to consider fund raising options.
Jindal Saw: The shareholders approve raising of funds worth Rs 1,000 crore via non-convertible debentures, QIP issue worth Rs 1,000 crore and GDR/ADR/FCCB issue worth $150 million.