Todays Top Indian Stocks | Stock Trading Tips

STOCKS TO WATCH- Thursday JAN 5 - Dena Bank, DHFL, MCX, SAIL, Sun Pharma, Tech Mahindra

Bafna Pharmaceuticals Ltd:

Bafna Pharmaceuticals Ltd., the drugmaker, will be in focus today as it has considered and approved withdrawal of entire preferential issue of 4 million warrants and in-principle application filed with the stock exchanges. The company has also decided to call a separate meeting of the board of directors of Bafna Pharma on Saturday to consider and propose fresh issue of 8 million share warrants to promoter and non-promoter group.

Dena Bank:

Dena Bank, the state-run lender, will be in focus after it informed exchanges that a meeting of the Board of Directors will be held on Saturday, January 7, to consider capital raising through equities and/or bonds.

Dewan Housing Finance Ltd:

Dewan Housing Finance Ltd (DHFL), the home lender, will be in focus today, after it reduced home loan lending rates by 0.5% in line with competitors.

Dish TV and Sun TV:

Dish TV Ltd, the Subhash Chandra led Essel Group company, and Sun TV, the Kalanithi Maran promoted company, will be in focus after Citi maintained 'Buy' rating and revised price target to Rs 115.00 (Rs 110.00 earlier) and Rs 665.00 (Rs 485.00 earlier), respectively.

HDFC Bank:

HDFC Bank, the Country's second largets private sector lender, will be in focus after it has cut benchmark lending rate by up to 0.90%, joining over a dozen banks and housing finance companies that have slashed rates in last few days.

Multi Commodity Exchange Ltd:

Multi Commodity Exchange Ltd (MCX), will be in focus after SEBI appred launch of castor seed contracts. The exchange will launch the contracts on January 5.

Prima Plastics Ltd:

Prima Plastics Ltd., maker of plastic moulded furniture, will be in focus after it informed exchanges that Prima Dee-Lite Plastics sarl at (Camerron, West Africa) has successfully completed expansion project undertaken to enhance its capacity of production. The existing capacity of the company of 4,500 tone per annum is increased to 8,500 tone per annum. The commercial production at the plant has commenced on January 3.

Petron Engineering Construction Ltd:

Petron Engineering Contstruction Ltd., the construction company, will be in focus after it informed exchanges that it has received Letter of Intent from Shree Cement, for civil work of plant building & silos and misc. work at their Orissa Grinding Project for contract value of Rs 330 million.

Steel Authority of India Ltd:

Steel Authority of India Ltd (SAIL), the country's largest steel maker, will be in focus after it produced 10.18 million tones of saleable steel in April to December period of the current fiscal, registering a 15% growth over the year-ago period.

Sun Pharmaceutical Industries Ltd:

Sun Pharmaceutical Industries Ltd., the largest drugmaker by market value, will be in focus after it announced successful Phase 3 confirmatory clinical trial results for Seciera for the treatment of dry eye disease.

Tata Elxsi Ltd:

Tata Elxsi Ltd., the Tata Group company, will be in focus after it inked pact with Netherlands-headquartered Irdeto to provide secure in-car display systems for automobiles.

Tech Mahindra Ltd:

Tech Mahindra Ltd., the Country's fifth largest software exporter, will be in focus after it launched a majority-owned joint venture in Saudi Arabia in partnership with local conglomerate Al Fozan Group.

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