Asian Oilfield Services Ltd., a 2D & 3D Seismic service provider, will be in focus after its wholly owned subsidiary Asian Oilfield & Energy Services DMCC, Dubai has signed a contract for providing operations and maintenance Services (O&M) for an offshore production unit operating at EBOK field offshore Nigeria. The total value of contract is about $95 million for a total period of 5 years (inclusive of client options).
Baba Arts Ltd:
Baba Arts Ltd., a multimedia company, will be in focus after its board of directors has approved commencement of new business of import, export, wholesale and retail trading of PVC Resin, HDPE, LDPE, PP and all kinds of plastic raw materials and goods.
Bharti Airtel Ltd:
Bharti Airtel Ltd., the largest telecom service provider, will be in focus after it reported that it has acquired a strategic equity stake in financial technology (FinTech) company Seynse Technologies. The company also revealed its plan to acquire Telenor India's running operations in seven circles.
Dilip Buildcon Ltd:
Dilip Buildcon Ltd., the private sector road-focused Engineering Procurement Construction (EPC) company, will be in focus after it informed exchange that the board of directors will consider and approve incorporation of new SPV as wholly owned subsidiary.
Dewan Housing Finance Corporation Ltd:
Dewan Housing Finance Corporation Ltd., the home loan provider, will be in focus after it proposed to issue secured redeemable non convertible debentures amounting to Rs 15.00 billion on private placement basis.
IDFC Bank, a private-sector bank, will be in focus after it announced that it is creating a renewable energy niche in loans, sanctioning Rs 6.75 billion to a Rajasthan-based solar power project owned by French company Solairedirect.
Kingfa Science & Technology Ltd:
Kingfa Science & Technology Ltd., a software services provider, will be in focus after it informed exchange that a meeting of the rights issue committee has been scheduled on Feb 28, 2017, to consider and take on record, the pricing, ratio and record date for the rights issue of equity shares.
Lords Chloro Alkali Ltd:
Lords Chloro Alkali Ltd., a textile processing chemicals maker, will be in focus after it announced its quarter ended Dec 31, 2016, the company reported a net profit of Rs 3.6 million, down 86%, against Rs 26.1 million in the corresponding quarter last year.
Maruti Suzuki Ltd:
Maruti Suzuki Ltd., the India's largest car maker, will be in focus after it announced that it is investing another Rs 19.00 billion till March 2019 on enhancing the R&D centre here for cutting time of new product development and to expand infrastructure for evaluating vehicles' safety.
NTPC Ltd., the India's biggest producer of thermal power, will be in focus after it informed exchange that the 115 MW out of 260 MW of Bhadla Solar Power Project has been commissioned. With this, the installed capacity of solar power projects touches 475 MW. The total installed capacity of NTPC on standalone basis has become 41177 MW and that of NTPC group has become 48143 MW.
Phoenix Mills Ltd:
Phoenix Mills Ltd., the shopping malls chain operator, will be in focus after HSBC maintained 'Buy' on Phoenix Mills with a target price of Rs 500. "Rental income grew 12% y-o-y even though demonetization hurt sentiment," said HSBC.
Tata Motors Ltd:
Tata Motors Ltd., the maker of Nano & Jaguar Land Rover, will be in focus after, Bank of America Merrill Lynch has maintained 'Buy' with a target price of Rs 560. "New Range Rover launch to strengthen product pipeline and outlook for FY18/19 appears to be strengthening," according to the investment bank.
Venus Remedies Ltd:
Venus Remedies Ltd., a drugmaker, will be in focus after the board of directors of the company recommended further issue of equity capital up to an amount of Rs 250 million to qualified institutional buyers through qualified institutional placement on a price to be computed as per the applicable laws.
Mahindra CIE Automotive and Rain Industries will announce their financial results for the quarter ended December 31, 2016 on Thursday.