TNS STOCKS TO WATCH -Adani Enterprises, HDFC, India Cement, PNB, RCF, Sun Pharma
Adani Enterprises Ltd:
Adani Enterprises Ltd., the flagship company of Adani Group, will be in focus after it announced on Saturday that it proposes to commence construction of two major solar projects in Australia next year, each with an output of 100-200 MW.HPL Electric & Power Ltd:
HPL Electric & Power Ltd., will be in focus today after it said that debt of the company has been reduced by around Rs 3.20 billion from IPO proceeds.Housing Development Finance Corporation Ltd & Unitech Ltd:
Housing Development Finance Corporation Ltd (HDFC), the privately owned largest home lender, will be in focus today after it sold loans worth Rs 8.69 billion to JM Financial Asset Reconstruction Company Ltd (JMFARC).India Cements Ltd:
India Cements Ltd., one of the leading cement manufacturers, will be in focus today after on Saturday said that its fiscal second-quarter standalone net profit rose 62.10% on decline in raw material cost amid improved net sales.Mawana Sugars Ltd:
Mawana Sugars Ltd., the sugar maker will be in focus today after it revealed plan to sell its operating unit at Titawi, Uttar Pradesh to India Potash for Rs 3.75 billion. The company will pay cane farmers Rs 1.50 billion from proceeds of Titawi unit sale.NBCC Ltd:
NBCC Ltd., the construction company will be in focus after it reported a consolidated net profit of Rs 691.1 million during fiscal second quarter ended September 30, 2016 as against net profit of Rs 681.4 million in the corresponding quarter last year.Punjab National Bank:
Punjab National Bank (PNB), a state run second largest lender will be in focus after it cut interest rate on fixed deposits by up to 0.25 per cent in line with competition.Rashtriya Chemical and Fertilisers Ltd:
Rashtriya Chemicals and Fertilisers (RCF), a state run fertiliser and chemical maker, will be in focus today after it reported a marginal fall in net profit at Rs 434.2 millin for the quarter ended September 30. Its net profit stood at Rs 456.1 crore in the year-ago period.Reliance Capital Ltd:
Reliance Capital Ltd, Anil Ambani led group company will be in focus after its housing finance arm, Reliance Home Finance, revealed plan to raise up to Rs 35 billion through non-convertible debentures (NCDs).The company also informed exchanges that it has acquired more than 5% voting rights each in Azalia Media Services Pvt Ltd and Vrushvik Entertainment.
Sun Pharmaceutical Industries Ltd:
Sun Pharmaceutical Industries Ltd., India's largest drug maker will be in focus today on media talks of the company receiving 2-3 observation by USFDA. Its Mohali plant was inspected by USFDA last week. Further the USFDA commenced re-inspection of the company's Halol unit.Visit us At
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