STOCKS TO WATCH - Monday - Amtek Auto, Hindustan Unilever, Idea, JSPL, TCS
Amtek Auto Ltd:
Amtek Auto Ltd., the integrated automotive component maker, will be in focus after it informed exchange that the meeting of board of directors of the company will be held on Feb 23 to discuss and consider the issue of equity shares.
GPT Infraprojects Ltd:
GPT Infraprojects Ltd., the infrastructure developer, will be in focus after it announced that it has bagged an order worth Rs 640 million from Rail Vikas Nigam Ltd.
Havells India Ltd:
Havells India Ltd., the maker of lights and fans, has agreed to buy a unit of Lloyd Electric and Engineering that sells air conditioners and televisions in Rs 15.5 billion.
Hindustan Unilever Ltd:
Hindustan Unilever will be in focus after parent, Unilever rejected a $143 billion takeover offer from Kraft Heinz.
Idea Cellular Ltd:
Idea Cellular Ltd., the India's second-largest telecom service provider, will be in focus after media report says that UK's Vodafone and Aditya Birla Group firm Idea Cellular likely to finalize within a month the mega merger deal that will create India's largest telecom firm.
IRB Infrastructure Developers Ltd:
IRB Infrastructure Developers Ltd., the infrastructure developer, will be in focus after IRB InvIT Fund; an investment trust sponsored by the company has received markets regulator Sebi's approval to raise Rs 43 billion through initial public offering (IPO).
Jindal Steel and Power Ltd (JSPL):
Jindal Steel and Power Ltd (JSPL), the Jindal Group steel and energy company, will be in focus after it announced that it is seeking to reduce its debt and reverse past two years of losses, will commission the blast furnace at its greenfield Odisha plant next month, three years after a Supreme Court order striking down a linked coal mine had stalled the progress of the estimated Rs 350 billion project.
Mangalam Drugs & Organics Ltd:
Mangalam Drugs & Organics Ltd., the drug and chemical maker, will be in focus after it informed exchange that its facility at Unit-2 was recently audited by WHO-Geneva and have been issued few procedural observations.
Reliance Communications Ltd:
Reliance Communications Ltd and the Tata Group are believed to have initiated talks to explore a possible union that could see Tata Teleservices join forces with the merged RCom-Aircel and MTS.
Religare Enterprises Ltd:
Religare Enterprises Ltd., the Religare Group holding company, will be in focus after Anand Rathi Wealth Management said that it has bought Religare Enterprises's wealth management business for an undisclosed amount. Following the deal, Anand Rathi's assets under management will rise to Rs 135 billion from Rs 100 billion.
State Bank of Travancore:
State Bank of Travancore, the state-owned lender, will be in focus after on ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 6 billion to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.
Tata Consultancy Services (TCS):
Tata Consultancy Services (TCS), the largest software services exporter, will be in focus after it announced that the board of directors will meet on Monday to consider a proposal for buyback of equity shares of the company.
Ambuja Cements, KSB Pumps and Varun Beverages will announce their financial results for the quarter ended December 31, 2016 on Monday.
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