Tuesday, 9 May 2017

Top Stocks In Focus | Indian Share Market

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Akzo Nobel India Ltd:

Akzo Nobel India Ltd., the paint maker, will be in focus after it rejected a third takeover proposal from PPG Industries, leaving its larger US rival to decide whether to make a formal bid without the support of Akzo's board, or throw in the towel. PPG's third offer values Akzo at $28.8 billion including debt but the Dutch firm, which makes Dulux paint, said it was too low, faced antitrust risks and failed to address concerns such as 'cultural differences'.

Aurobindo Pharma Ltd:

Aurobindo Pharma Ltd., the drug maker, will be in focus after its Hyderabad Unit 4 received form 483 With 7 observations from the US FDA. The plant, which manufacturers drug product "not maintained in a good state" USFDA said.

Bharti Infratel Ltd:

Bharti Infratel Ltd., the telecom tower infrastructure provider, will be in focus after it logged a 17% fall in its consolidated net profit at Rs 5.97 billion for the quarter ended March 2017 as against the year ago period, pulled down by higher operating expenses. Net profit of the company stood at Rs 7.18 billion in the same quarter last year. 

CMI Ltd:

CMI Ltd., the cable maker, will be in focus after it has been awarded an order worth Rs 362.4 million by Gujarat Energy Transmission Corporation for supply of 66 KV XLPE cables. The order is revenue accretive and will be delivered within two quarters of 2017-18. 

Eros International Media Ltd:

Eros International Media Ltd., the producer and distributor of Bollywood movies, after it announced of signing a significant television syndication deal with Zee, a leading Indian global television network, for a slate of its forthcoming releases this year, including Sarkar 3, Munna Michael and Shubh Mangal Savdhaan. The announcement was made on Monday after market hours.

GM Breweries Ltd:

GM Breweries Ltd., the liquor maker, will be in focus as it turns ex-dividend on Tuesday, for dividend of Rs 3 per share for the year ended March 31, 2017.

Havells Ltd:

Havells Ltd., the maker of electrical products, will be in focus after it completed Rs 16 billion acquisition of consumer durable business of Lloyd Electric & Engineering. The acquisition, paving way for the Noida-based company to foray into the consumer durables segment, has been financed through internal accruals and cash balances, Havells said. 

Ramky Infrastructure Ltd:

The Infrastructure developer will be in focus after it won a Rs 3.37 billion highway project in Jharkhand from National Highway Authority of India.

S Chand and Company Ltd:

S Chand and Company Ltd., the textbooks publisher, will be in focus ahead of its stock market debut on Tuesday. Last month, it successfully closed its initial public offer (IPO).

Skipper Ltd:

The company said it has been certified by the Equipment and Materials Test Laboratory (LAPEM). The certification was completed post visit of LAPEM representatives to the company's manufacturing units for a rigorous audit of the manufacturing and quality processes. With this certification, Skipper now gets an entry into the highly potential Mexican Power Transmission market. 

Smartlink Network Systems Ltd:

The company made an additional investment of Rs 10 million in its wholly owned subsidiary Telesmart SCS.

Torrent Pharmaceuticals Ltd:

Torrent Pharmaceuticals Ltd., the drug maker, will be in focus after it completed acquisition of Regestrone and Pregachieve brands in India from Swiss drug major Novartis. The two brands are widely prescribed by gynaecologists for the management of abnormal uterine bleeding, post menopausal symptoms and infertility, Torrent said in a regulatory filing. 

Union Bank of India:
The state-owned lender will be in focus after it reported a 12.5% increase in its net profit to Rs 1.08 billion in the quarter ended March 31, 2017 as compared to Rs 961.2 million in the corresponding period last year. 

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