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Top stocks in focus today: Motherson Sumi, HDFC, RInfra,Canara Bank, Adani Transmission

Motherson Sumi’s promoter Samvardhana Motherson International sold 1.37% stake in the firm for over Rs1,079cr, through an open market transaction, as per media reports.

HDFC has approved the sale of 100% of its equity share capital of HDFC Developers and HDFC Realty to Quikr India for a total consideration of Rs101.99cr and Rs254.98cr respectively.

VIP Clothing to allot 1.65cr shares at Rs26 each via rights issue.

Canara Bank plans to sell 4% stake in Can Fin Homes. The bank will hold 26% stake after the sale.

Reliance Power has approached the Delhi HC seeking early allocation of coal to its power plant in Maharashtra.

NHPC approved amending the company’s MoA to enable it to apply to power regulator CERC for trading license. The decision is in-line with the Power Ministry’s plan to make NHPC an aggregator for meeting the demand of peaking power.

Havells India announced its foray in the water purifiers segment aiming at Rs100cr revenue in the first year of operations.

Coal India subsidiaries have finally issued electronic letters of intent for supplies of 27 million tonnes of coal annually for 25 years to 10 companies that won them through an e-auction on discounts offered over their existing tariffs.

Somany Ceramics has issued Commercial Paper of Rs50cr value dated 20 December, 2017 having maturity on March 15, 2018. The aforesaid issuance of commercial papers is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing.

SBI board meeting on Dec 27, to seek approval to raise AT1 capital from domestic/international markets.

Aurobindo Pharma received USFDA approval for Amlodipine Besylate and Valsartan Tablets.

Adani Power, Tata Power, Suzlon Energy, Inox Wind stock will be in focus today, as wind power tariff hit new low of Rs2.43/unit.

Aarti Industries to buy back 8.2 lakh shares or 1% at Rs1,200 each.

Indian Overseas Bank says RBI rejects notes to account on asset divergence.

RInfra, Adani Transmission in pact for Mumbai Power operations sale.

Indian Hume gets Rs257.26cr order from Karnataka.

Steel Strips Wheels gets order worth $2.15 mn from Egypt.