STOCKS TO WATCH- Thursday JAN 12 : - Bharti Airtel, Biocon, ICRA, MRF, NTPC, SBI
APL Apollo Tubes:
APL Apollo Tubes, exporter and manufacturer of black tubes will be in focus after it announced on Wednesday that it has received patents from the Indian Patent Office for two new product designs.
Atlanta, a construction and development of infrastructure company will be in focus after it announced that it has been declared as a preferred bidder for six laning of 401.20Km to 494.41Km of NH-8 in the States of Gujarat (Length 93.210 Km) under NHDP Phase V (Package-VI) on hybrid annuity mode at a total project cost of Rs 10.2 billion by the National Highways Authority of India (NHAI). Fifteen stocks in focus on Thursday, 12 January 2017.
Bharti Airtel, a major telecom operator, will be in focus after it announced the appointment of Badal Bagri as Chief Financial Officer for its India & South Asia operations with effect from Jan 16, 2017.
Biocon Ltd., Biotechnology major will be in focus after Biocon and pharma firm Mylan said that the US health regulator has accepted Mylan's biologics license application (BLA) for MYL- 1401O, a proposed biosimilar trastuzumab indicated for treatment of breast cancer.
ICRA Ltd., rating agency will be in focus after it announced that Birla Sun Life Asset Management Company has raised its stake in company to 9.01% by buying additional 0.2 million shares from the open market.
Mahindra Holidays & Resorts Ltd:
Mahindra Holidays & Resorts, a Mahindra Group firm, will be in focus after it announced that it has increased its stake in Finland-based Holiday Club Resorts Oy by buying additional 6.33% shares at a consideration of Euro 4.37 million.
MRF Ltd., tyre major will be in focus after it announced on Wednesday said it will invest around Rs 40.5 billion in a phased manner over a period of ten years to set up a manufacturing unit in Gujarat.
NTPC Ltd., State-run power giant will be in focus after it said its board has approved an investment of Rs 10 billion for Dulanga coal mining project with rated production of 7 million tonnes per annum.
Prakash Industries Ltd:
Prakash Industries Ltd., steel and power company will be in focus after it announced on Wednesday said the government of Odisha has executed and registered a mining lease of iron and manganese ore in favour of the company for a period of 50 years.
State Bank of India Ltd., India's largest state-run lender, will be in focus after it announced that it has signed memorandum of understanding with the Gujarat government for extending bank credit especially in priority sector. Under the MoU country's largest lender will give Rs 300 billion worth loans over two-year period.