Top stocks to watch out for on Thursday
Here is the list of stocks to watch out for
Vedanta: Anil Agarwal’s Vedanta Resources would raise up to USD 1 billion in dollar bonds in the second such issue in 6 months, harnessing global liquidity to pare high-cost debt and build an expansion kitty ahead of the mining cycle turnaround. The sale is likely as early as next week, reported a daily.
Tata Teleservices: Tata Teleservices (Maharashtra) proposes to fund up to an aggregate amount of Rs. 1,300 crore. The board will consider the proposal and type of issue on 31 July 2017.
Mahindra and Mahindra: The company is in race for a USD 6 billion order from the US government for postal delivery vehicles, and will submit over a dozen prototypes for road-testing between September and November this year as the process enters its final round.
Capital First: The RBI has said that the FII investment in Capital First has crossed limit of 24 %.
ONGC: In line with Hydrocarbon Vision 2030 for North-East Region, ONGC management has approved additional investment of Rs 3104 crore for drilling of wells and creation of surface facilities to produce gas from Tripura gas fields.
Va Tech Wabag: The company has won a repeat order in Bengaluru worth Rs 386 crore.
Tata Motors: The board constituted committee at its meeting held on July 26 has approved offering for subscription, on a private placement basis, up to 10,000 rated, listed, unsecured, redeemable, non-convertible debentures of face value of Rs 10 each at par, aggregating up to Rs 1000 crore comprising of two tranches of debentures of Rs 500 each.