Top stocks in focus: Federal Bank, Fortis Health, BoB, Axis Bank
These companies will be in focus during trade today based on recent and latest news developments.
Fortis Healthcare: All existing F&O contracts will expire on March 28, and no fresh contracts will be available, if the firm fails to submit results for quarters ended September and December 2017 by March 1, 2018.
Federal Bank’s board approved buying 26% stake in Equirus Capital.
Mahanagar Gas will bid for more city gas networks in the next auction.
Genus Paper & Boards signed two MOUs for setting up Kraft Paper manufacturing plant.
BoB said that it has no exposure to LOUs issued by PNB in the alleged fraud case involving Nirav Modi.
Dilip Buildcon bagged engineering, procurement, and construction project worth Rs157cr from Karnataka government.
Great Eastern Shipping completed its sale of vessels.
Adani Transmission received letter of intent for one inter-state transmission project in Rajasthan.
JSW Group offers highest bid for Jaypee Infra, offering a little over Rs9,900cr to bank.
Axis Bank asks CIO Amit Sethi to resign following whistleblower complaint.
Bharti Infratel, Indus Towers plan to merge businesses.
Coal India to spend Rs2,900cr to add capacity at two subsidiaries.