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STOCKS TO WATCH- Wednesday JAN 4 -Bharti Airtel, Cola India, HDFC, MOIL, Yes Bank

Bank of India:

Bank of India (BOI), the state-run lender, will be in focus after it decided to cut benchmark lending rates by up to 0.90 percentage point on Tuesday.

Bharti Airtel Ltd:

Bharti Airtel Ltd., India's largest listed telecom services provider, will be in focus after it announced free data offer for 12 months worth up to Rs 9,000.00 to customers who switch to Airtel 4G.

Bombay Dyeing & Manufacturing Company Ltd:

Bombay Dyeing & Manufacturing Company Ltd., the Nusli Wadia owned textile company, will be in focus after it has drawn up a major strategy to revive its textile retail business and is looking for a turnaround in 2017-18.

Coal India Ltd:

Coal India Ltd., the state-owned largest coal miner, will be in focus after it decided to begin the second phase of auction of coal linkages for the non-regulated sector and is likely to put on offer 14.5 million tonnes of fuel.

Corporation Bank:

Corporation Bank, the state-run lender, will be in focus after it has lowered 1-year MCLR rate by 0.70% to 8.755.

Engineers India Ltd:

Engineers India Ltd., state-run engineering consultancy and EPC services provider, will be in focus after it informed exchanges that the Committee of the Board of Directors in its meeting held on Jan 3, has approved the issue and allotment of 336.9 million bonus equity shares in the ratio of 1:1 to the existing shareholders holding shares at the close of business hours on the record date ie Jan 2.

Housing Development Finance Corporation Ltd:

Housing Development Finance Corporation Ltd., the largest home lender, will be in focus after it announced profit on sale of investments for quarter ended December 31, 2016 at Rs 30 million compared to Rs 50.7 million in the corresponding quarter in the previous year.
The lender, under the loan assignment route sold loans amounting to Rs 33.55 billion in the quarter ended december 31, 2016 to HDFC bank.

HDFC Bank:

HDFC Bank Ltd., the lender will be in focus after it cut its lending rate by 90 bps.

Glenmark Pharmaceuticals Ltd:

Glenmark Pharmaceuticals Ltd., the drug maker will be in focus on reciving final approval from the US health regulator USFDA for sale of Tretinoin Capsules, used in treatment of leukemia.

Indiabulls Housing Finance Ltd:

Indiabulls Housing Finance Ltd., the home loan provider, will be in focus on reducing home loan rate by 45 basis points, bringing it down to lowest in six years.

MOIL Ltd:

MOIL Ltd., the state-run manganese ore miner, will be in focus after it increased prices for electrolytic manganese dioxide and chemical grades ore by 5% and 10%, respectively.

Nandan Denim Ltd:

Nandan Denim Ltd., the manufacturer and exporter of denim, will be in focus after the Reserve Bank of India notified that foreign portfolio investors can now invest up to 49% in the company as against 24% earlier.

Oil & Natural Gas Corporation (ONGC) and Cairn India Ltd:

Oil & Natural Gas Corporation (ONGC), the state owned largest oil & gas exploration company and Cairn India Ltd., Anil Agrwal led Vedanta Group company, will be in focus as they have asked the government to cut cess on crude oil saying the switchover from fixed to ad valorem rates had turned things from bad to worse.

Wockhardt:

According to reports, the US Food and Drug Administration has issued a warning letter to WockhardtBSE -0.17 %'s Ankleshwar plant. The company told ETNow that the warning letter for Ankleshwar facility is not a new development.
It is a follow up on import alert on Ankleshwar.

Yes Bank Ltd:

Yes Bank Ltd., the country's fifth largest private sector lender, Tuesday announced that it has implemented a multi-nodal Blockchain transaction to fully digitize vendor financing for Bajaj Electricals Ltd.

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