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STOCKS TO WATCH- Wednesday DEC 20 - Bharti Airtel, NHPC, NIIT, RCom, Sun Pharma, Vedanta

Bharti Airtel Ltd:

Bharti Airtel Ltd., the largest listed telecom services provider, will be in focus after it said its subsidiary Network i2i has entered into a definitive agreement with Egyptian firm Orascom to acquire the latter's entire equity stake in Middle East North Africa Submarine Cable Systems for an undisclosed amount.

Essel Propack Ltd:

Essel Propack Ltd., the world's largest tube-packaging company, will be in focus after it informed of raising funds through issue of commercial papers for Rs 200 million on private placement basis.

Godrej Consumer Products Ltd:

Godrej Consumer Products Ltd., the consumer durable products maker will be in focus after making a Kenyan company Charm Industries as its wholly-owned subsidiary by acquiring the rest 49% share for an undisclosed amount.

Jyoti Structures Ltd:

Jyoti Structures Ltd., the provider of turnkey/EPC services in power transmission business, will be in focus after it received an order from ESKOM, the South African utility, for supply of towers and construction of 765 and 400 KV Masa Ngwedi Transmission line Sec C. The order valued at around $ 15 million is to be executed in 18 months.

NHPC Ltd:

NHPC Ltd., the state-run largest hydro power generator, will be in focus after it informed exchanges that it may propose and consider interim dividend on the equity share capital of the company for 2016-17 in its meeting scheduled to be held on Thursday, December 22.

NIIT Technologies Ltd:

NIIT Technologies Ltd., the software services provider, will be in focus after it concluded consultation process with government entity and has entered into settlement agreement.

Oriental Carbon & Chemicals Ltd:

Oriental Carbon & Chemicals Ltd., the chemical maker will be in focus after it commenced commercial production of the first phase (5500 Mt pa Capacity) of its project for expansion of insoluble sulphur production capacity at Special Econ
Economic Zone (SEZ) at Mundra, Gujarat.

Reliance Communications Ltd:

Reliance Communications Ltd., the Anil Ambani led group company, will be in focus after Fitch Ratings said it has downgraded credit rating of Reliance Communications as it feels that ongoing joint venture plan of the company with Aircel and proposal to sell stake in its mobile tower arm will be negative for creditors.

Rural Electrification Corporation Ltd:

Rural Electrification Corporation Ltd., the state-owned power company will be in focus after UBS, the Global financial services company, increased target price of to Rs 165 from Rs 145 earlier.

Sasken Communication Ltd:

Sasken Communication Ltd., the provider of software services and solution in 3G wireless and broadband technologies, will be in focus after it informed exchanges that a meeting of the buyback committee of the board of directors of the company will be held on December 23, to finalise the price at which the shares will be bought back and to fix the record date to ascertain the shareholders who are eligible to participate in the buyback.

Satin Creditcare Ltd:

Satin Creditcare Ltd., the micro-finance lender, will be in focus after it informed exchanges that a meeting is scheduled to be held on December 23 for issuance of non-convertible debentures upto the amount of Rs 150 million through private placement basis.

Seamec Ltd:

Seamec Ltd., the provider of diving support vessel (DSV), will be in focus after it entered into a Charter Party Agreement with National Petroleum Construction Company for the Charter hire of Vessel "HAL SUPPORTER" for undertaking a job in West Coast of India.

Sun Pharmaceutical Industries Ltd:

Sun Pharmaceutical Industries Ltd., the largest drugmaker by market value, will be in focus after it completed the acquisition of 85.1% stake in Russia-based JSC Biosintez.

Tata Global Beverages Ltd:

Tata Global Beverages Ltd., the Tata Group company will be in focus, after Cyrus Mistry quit from six Tata group firms, Independent Director Analjit Singh, who was supporting the ousted Chairman, resigned from the board of Tata Global Beverages.

Vedanta Ltd:

Vedanta Ltd., the worlds largest mining company will be in focus after its overseas holding company Vedanta Resources has been ordered by the London High Court to pay over $100 million to a Zambian investment company related to 2013 copper price agreement.

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