Monday, 28 August 2017

Today's Stocks In News | Indian Stock Market













Top Stocks in the news: DLF, Future Enterprises, Meghmani Organics, Lumax Aut'so, REC, Essar Shipping DLF | Future Enterprises | Meghmani Organics | Capital First | REC | Rubfila International | Lumax Auto | Essar Shipping | Dhampur Sugar, Suzlon Energy are stocks, which are in news today.


Here are stocks that are in news today:

•GIC to acquire 33.3 percent stake in DLF rental arm for Rs 8900 crore

•Future Enterprises approves the OFS of shares of its subsidiary co, Future Supply Chain Solutions and participation of the company upto 5 percent of paid up capital of FSCSL

•Capital First has raised Rs 200 crore by issue of NCD's on private placement basis


•Meghmani Organics has incorporated a wholly owned subsidiary namely, Meghmani Agrochemicals on August 23, 2017

•Lumax Auto has signed a JV Agreement with Francisco Albero S.A.U., Spain to manufacture and supply Oxygen Censors to the Indian automotive industry

•Rubfila International successfully commissions the expanded capacity of sixth line for manufacturing Heat Resistant Latex Rubber Thread

•REC enters into MOU Maharashtra State Power Generation Co. for extending financial assistance to the tune of 13,000 crore

•Essar Shipping withdraws intimation of conversion of FCCB's into equity shares

•IL&FS plans Rs 6000 crore bond issue to refinance debt – Mint

•Acme and Inox group looking to exit green projects - Mint

•CPPIB to call off JV with Kotak group for stressed assets in India - ET

•Other stocks and sectors in the news
Dhampur Sugar - CARE Ratings has revised and upgraded the Credit Rating from Care BBB+ (Triple B Plus)' with Stable Outlook to Care A-
Suzlon Energy - CARE upgrades Long Term Rating of Suzlon Global Services to A (Provisional)

•Kiri Industries (YoY)
Revenue down 7 percent at Rs 238 cr
Margins at 20.3 percent vs 14.6 percent

•Lux Industries (YoY)
Rev up 43 percent at Rs 260cr
Margins at 12.4 percent vs 11 percent

•Gillete (Q2 CY17) (YoY)
PAT down 21 percent at Rs 37.6cr
Revenue down 10 percent at Rs 437cr

•Bodal Chemicals (YoY)
Revenue down 1 percent at Rs 295 cr vs Rs 299 cr
Margins at 18.6 percent vs 20.3 percent

•Bharat Bijlee (YoY)
EBITDA loss at Rs 3.9 cr vs Rs 1.5 crLoss at Rs 3.8 cr vs Rs 2.1 cr

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Thursday, 24 August 2017

Stocks In The News Today | Stock Market Tips













Top Stocks in the news: L&T, Tata Power, Shoppers Stop, Alembic Pharma, SREI Infra, Pfizer....

Here are stocks that are in news today:

SREI Infrastructure

-Gets approval for Bharat Road Network IPO from registrar of companies
-Bharat Road Network IPO from September 6-8

Tata Sons

-Appoints Banmali Agrawala as President of infra, defence, aerospace
-Banmali Agrawala will be taking up his new role w.e.f October 1, 2017

Other stocks and sectors that are in news today:

-Alembic Pharma has sold its formulations manufacturing facility at Baddi on slump sale basis to Scott Edil Pharmacia
-United Bank of India approves issue and allotment of Basel III compliant tier 2 bonds up to Rs 500 crore
-V-Mart Retail has opened two new fashion stores in the state of Uttar Pradesh & Jharkhand
-India grants Pfizer patent for Pneumonia vaccine
-Jaypee Infratech's home buyers seek relief from SC
-Fortis Healthcare in focus - Singh brothers seek SC nod to sell pledged shares
-Schneider, Eaton Corp want to acquire L&T's electric and automation unit for Rs 17,000 crore: ET
-Tata Power to monetise non-core assets to trim debt
-Liquor companies in focus - Ban doesn’t apply in municipal limits, clarifies SC
-Shoppers Stop looks to exit JV with Nuance Group: ET
-Dish TV opposes Star move to bid for IPL rights: BS
-Adani Transmission plans to raise Rs 3,000 crore via QIP
-BSE delists DCHL from the bourses-Jyoti Structures invites bids for investments

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Tuesday, 22 August 2017

ग्राहकों की सुविधा के लिए बैंक कर्मी आज हड़ताल पर















खाते
में न्यूनतम राशि 3000 रुपया नहीं होने पर पेनल्टी का प्रावधान! फ्री दी जाने वा ली चेकबुक के लिए अब चार्जेज निर्धारित हैं! चेक रिटर्न होने पर पेनल्टी 435 रूपए बड़ा दी!



सरकारी बैंक के कर्मचारी इस बार कराहक के हित की लड़ाई में उतरे हैं! सार्वजनिक क्षेत्र के बैंकों में ग्राहकों से हो रही वसूली और डूबते खतों के ऋण वसूली में आनाकानी का बैंक का बैंक कर्मचारी ही विरोध कर रहे हैं , इसलिए आज २२ अगस्त को सार्वजनिक बैंक के कर्मचारी हड़ताल पर हैं! हालांकि निजी बैंक खुले रहेंगे!

बैंक कर्मचारियों का आरोप है, डूबते ऋण की वसूली करने के बजाय बैंक सेवा शुल्क के बहाने ग्राहकों की जेब से इसकी भरपाई करने में जुटी है !
यूनाइटेड फोरम ऑफ बैंक यूनियन के संयोजक मोहन कृष्ण शुक्ल ने कहा , सरकार ने अप्रैल से सार्वजनिक क्षेत्र की बैंकिंग भी महंगी बना दी है ! इससे बैंकिंग व्यवस्था प्रभावित हो रही है , तथा ग्राहक निज़ी बैंकों का रुख करने लगे हैं ! इस नीति का विरोध करने हेतु १० लाख कर्मचारी मंगलवार को काम नहीं करेंगे ! स्टेट बैंक ऑफ़ इंडिया, पुराने निजी बैंक एवं ग्रामीण बैंकों की सभी शाखाओं में काम नहीं होगा !

शुक्ला के अनुसार इस साल बैंक को . लाख करोड़ रूपए  का लाभ हुआ है , जबकि इसको मात्र ४७३ करोड़  बताया जा रहा है!

अप्रैल से लागू सेवा शुल्क से स्टेट बैंक ने पहली तिमाही में ही २३५ करोड़ रूपए वसूले हैं!

फ्री में स्टॉक्स , कमोडिटी एवं फोरेक्स टिप्स के लिए क्लिक करें

  
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Friday, 18 August 2017

Top Stocks To Watch In Indian Share Market















List of top researched stocks in indian stock market that may be profitable. Invest on these stocks and get good return by with expert's stock tips.
The drug makers:

Lupin Ltd., Cadila Ltd., Aurobindo Pharma Ltd., and other drug makers, will be in focus after the government proposes to revamp the country's drug pricing regulator, allowing it to set prices of only essential medicines. The latest draft proposals suggest amendments to the drug pricing policy and inducting advisory body of experts in a move to strengthen the regulatory body, but at the same time may take away its absolute power to fix drug prices in public interest.

Liquor Cos:

United Spirits, United Brewerie and other liquior makers, will be in focus after more than half of some 30,000 liquor vends that downed shutters on Apr 1 after the Supreme Court banned sale and serving of alcohol within 500 metres of state and national highways still remain shut, keeping the liquor makers under pressure.

Bank of Baroda:

Bank of Baroda, a state-owned lender, will be in focus after HSBC, a foreign brokerage cut its price target for the stock to Rs 148 per share from Rs 165 per share, while maintaining a 'Hold' rating on it. 

Dish TV Ltd:

Dish TV Ltd., a DTH service provider, will be in focus after CLSA, a foreign brokerage cut its price target for the stock to Rs 97 from Rs 112 while maintaining a 'buy' rating on the scrip. 

Emami Ltd:

Emami Ltd., the Boroplus maker, will be in focus after Emami Agrotech, a part of the diversified Emami group, plans to generate a revenue of Rs 10 billion from edible oil business in Bihar.

Golden Tobacco Company:

Golden Tobacco Company, the cigarette maker's, will be in focus after its early 8 acre land parcel, an earlier deal for which landed Sanjay Dalmia, the company's chairman in jail, has been put on the block again, the third time the company is doing so. The land parcel near Mithibai College on SV Road in Mumbai's western suburb Vile Parle is estimated to be valued at about Rs 10 billion with development potential of nearly 1 million sq ft. 

HDFC Bank Ltd:

HDFC Bank Ltd., a private lender, will be in focus after it plans to sell 9.57% holding in the insurance arm HDFC Standard Life Insurance Company, while its partner Standard Life will sell 5.43% in the same. HDFC Life is likely offload 15% of existing shares through its proposed initial public offering in the coming months. 

HDFC Bank, Punjab National Bank:

HDFC Bank, Punjab National Bank (PNB), the leading lenders, will be in focus after they have slashed interest rate on savings bank accounts by 50 basis points to 3.5% on deposits up to Rs 500,000. Besides, PNB has also reduced interest rates on fixed deposits of less than Rs 10 million by 15-40 basis points on select maturities.

Infosys Ltd:

Infosys Ltd., India's second largest software exporter, will be in focus after investor's are likely to keep a track of its stock ahead of the board meeting to consider a share buyback on Saturday. 

Multi Commodity Exchange: 

Multi Commodity Exchange, an Indian independent commodity exchange, will be in focus after a report prepared by the MCX internal auditor, Mittal & Associates, said that in 2015-16 the exchange had parked funds in mutual fund schemes where it was not authorised to invest, and had foregone earnings by preferring to redeem investment just before a weekend or a public holiday and not renewing fixed deposits on time. 

Raymond Ltd:

Raymond Ltd., a leading textile service provider, will be in focus after it acquired remaining 50% stake in joint venture JK Ansell in an effort to scale up its consumer products business and take its key brand KamaSutra globally. 

Reliance Capital Ltd:

Reliance Capital Ltd., a financial service provider, will be in focus after Reliance mutual fund is likely to file DRHP for IPO today. Axis Capital and CLSA are acting as bankers to the IPO. 

Monte Carlo Fashions Ltd., V-Mart Retails Ltd., Evergreen Textiles Ltd., JMT Auto Ltd., among others to announce their quarterly earnings

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Thursday, 17 August 2017

Sensex : Top Stocks in Focus Today













Today
top stocks in focus , market is in positive note, invest wisely on stocks are waking up and earn profit with expert stock tips

GMR Infra Ltd:

GMR Infra Ltd., a leading infrastructure service provider, will be in focus after the GMR Group, which owns a 220 MW gas based power plant in Andhra Pradesh's Kakinada, will sell its barge-mounted power plant to a buyer for $63 million. The infrastructure major said that GMR Energy (GEL) is likely to enter into a definitive agreement with the buyer soon. 

Infosys Ltd:

Infosys Ltd., India's second largest software service provider, will be in focus after it plans to consider a proposal to buy back shares on Aug 19. The company had said it would pay shareholders up to $2 billion through dividends and share buybacks in this fiscal year. 

Infibeam Incorporation Ltd:

Infibeam Incorporation Ltd., India's only listed profitable ecommerce group, will be in focus after Prem Watsa's Fairfax Financial Holdings is in advance negotiations with Infibeam Incorporation, to pick up a minority 10-12% stake for around Rs 12-15 billion. The move is aimed at creating the war chest to fund the expansion plan of the e-retailer through the inorganic route. 
 

Larsen & Toubro Ltd:

Larsen & Toubro Ltd., technology, engineering, construction services, will be in focus after the company plans to divest its entire stake in L&T Cutting Tools for Rs 1.74 billion. The sale is part of L&T's larger strategy to focus on core business segments. 

Prestige Estate Projects Ltd: 

Prestige Estate Projects Ltd., a Bengaluru based realtor, will be in focus after it promoted Venkat K Narayana as its chief executive officer. Narayana was earlier executive director-finance and chief financial officer. He has been involved in the companies' operations and has pioneered several strategic initiatives.

Tata group cos:

Tata Motors Ltd., Tata Power Company Ltd., other Tata Group companies will be in focus after the board of Tata Sons under N Chandrasekaran ordered its group companies to scrap all business dealings with Cyrus and Shapoor Mistry's SP Group, putting at risk transactions worth billions of rupees. 

Tata Steel Ltd:

Tata Steel Ltd., India's largest integrated steel maker, will be in focus after there is no timeline to make a final decision on a potential merger of its European steel operations with those of peer Tata Steel a Thyssenkrupp spokesman said. A report in German daily Boersen-Zeitung, which cited sources at Thyssenkrupp as saying no decision would be made until at least Sept 8. 
 

United Spirits Ltd:

United Spirits Ltd., a provider of India's largest alcohol maker will be in focus after the operator of military canteens chargedover Rs 2.5 billion fine on United Spirits, accusing it of violating a pricing agreement.
 

Unitech Ltd:

Unitech Ltd., India's second largest real estate investor,  will be in focus after Sanjay Chandra, the promoter of developer Unitech jailed in a cheating case, urged the Supreme Court to release him on bail for three months to mop up funds to pay back flat buyers, promising to even sell his house to help clear dues. 

Yes Bank Ltd:

Yes Bank Ltd., a private lender, will be in focus after it cut interest rate on balances of up to Rs 100,000 by 100 basis points to 5% per annum. 

Dish Tv India Ltd., Eris LifeSciences Ltd., Khaitan Electricals Ltd., Vimta Labs Ltd., among others to announce their quarterly earnings today.

Monday, 14 August 2017

Top Stocks To Watch Today In Indian Share Market













Today's top stocks are in focus. Get regular updates on stocks, commodity market with expert's
stock tips

State-run lenders: 

Allahabad Bank, Andhra Bank, Bank of Baroda and other state-run lenders, will be in focus after the banking regulator is examining whether auditors at these state-run lenders followed RBI guidelines on write-downs, provisioning and NPAs. The RBI has questioned scores of auditors at 27 PSBs on the process and logic they had used to compute and report write-downs at the lenders.
  

CARE Ratings Ltd:

CARE Ratings Ltd., the rating agency, will be in focus after the Securities and Exchange Board of India is examining Crisil's Jun 29 purchase of an 8.9% stake in rival credit rating firm CARE Ratings after the latter complained the transaction was an attempt at a potential hostile takeover.

DLF Ltd:

DLF Ltd., India's largest realty developer, will be in focus after the deal between DLF and Singapore's sovereign wealth fund GIC for a 40% stake in DLF Cyber City Developers (DCCDL) has entered the final stages. 

Divi's Laboratories Ltd:

Divi's Laboratories Ltd., a local drug maker, will be in focus after it received environment clearance for modernisation of its bulk drug unit in Visakhapatnam which will entail a cost of Rs 1 billion. 

Fortis Healthcare Ltd:

Fortis Healthcare Ltd., the hospital chain operator, will be in focus after the Supreme Court told Malvinder and Shivinder Singh to maintain the current status of shares held by one of their companies in Fortis Healthcare. The order might block the brothers from selling any shares in Fortis Healthcare. 

Hindalco Industries Ltd:

Hindalco Industries Ltd., the flagship company of Aditya Birla group, will be in focus after its fiscal first-quarter net profit fell 1.5% due to provisioning for mines currently sub-judice and in anticipation of implication from the recent Supreme Court ruling. Net profit fell to Rs 2.90 billion in the Apr-Jun quarter compared to Rs 2.94 billion in the corresponding period a year ago.

JK Tyre Ltd:

JK Tyre Ltd., a tyre maker, will be in focus after rating on long term bank facilities upgraded to CARE A+ stable from CARE AA- negative by Care Ratings.

Oil India Ltd:

Oil India Ltd., a State-run refiner, will be in focus after it reported a 9% drop in its June quarter net profit owing to higher oil volume and realization offset by lower gas volume and price. The net profit of the company stood at Rs 4.50 billion compared to Rs 4.94 billion in the corresponding quarter a year ago.

State Bank of India:

State Bank of India, the country's biggest lender, will be in focus after its consolidated profit in the fiscal first-quarter witness over two-fold surge on lower provisions for bad loans. Net profit increased to Rs 31.05 billion in the three months ended Jun 30 from Rs 8.67 billion in the corresponding period a year ago.

Sail Ltd:
Sail Ltd., India's largest steel maker, will be in focus after its standalone net loss widen to Rs 8.01 billion for the June quarter owing to higher expenses. The steelmaker had clocked a net loss after tax of Rs 5.35 billion in the corresponding quarter of 2016-17.

SpiceJet Ltd: 

SpiceJet Ltd., India's fourth largest air carrier, will be in focus after it plans to use the 'sale and leaseback' route to induct about a sixth of the 275 aircraft it has ordered, sticking to its goal of staying asset-light until the fleet expansion scheduled over the next three years is complete. 

Tata Steel Ltd:

Tata Steel Ltd., a leading integrated steel maker, will be in focus after it is said to be exploring plans to hive off the strategic engineering division (SED) of Tata Power Company as part of a strategy to consolidate its defence businesses. 
   
IDBI Bank, Coal India, Grasim Industries, AIA Engineering, Bajaj Hindustan, Unitech, Future Consumer, Jain Irrigation, Dredging Corp, Infibeam Incorporation, JK Tyre & Industries among others to declare their first quarter earnings today.

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Thursday, 10 August 2017

Indian Stock Market Top Stocks Today | Share Market













List of top Nifty, Sensex stocks are to watch today in
share market. Invest wisely with accurate stocks tips by expert.

Aurobindo Pharma Ltd:

Aurobindo Pharma Ltd., a local drug maker, will be in focus after reporting 11.38% decline in consolidated net profit at Rs 5.18 billion for the first quarter ended Jun 30, 2017. The company had posted a net profit of Rs 5.84 billion during the same period of previous fiscal.

Bank of India: 

Bank of India, a state-owned lender, will be in focus after it is planning to raise Rs 80 billion in capital to be ready to buy a bank as and when the government sets in motion the consolidation process. The bank reported a net profit for the June quarter and said its accretion of bad loans also slowed. 

Britannia Industries Ltd:

Britannia Industries Ltd., the biscuit maker, will be in focus after it plans to rope in a partner to strengthen its dairy business and discontinue a few brands in this segment as part of a strategy to focus on higher margin products. 

Eicher Motors Ltd:

Eicher Motors Ltd., India's largest commercial vehicles maker, will be in focus after it reported a 22.14% rise in consolidated net profit at Rs 4.59 billion for the first quarter ended Jun 30, 2017. The company had posted a net profit of Rs 3.76 billion during the April-June quarter a year-ago.

Fortis Healthcare Ltd:

Fortis Healthcare Ltd., the hospital chain operator, will be in focus after Daiichi Sankyo's legal tussle to recover Rs 35 billion from former Ranbaxy promoters Malvinder and Shivinder Singh has taken a sharp turn, with the Japanese drug maker moving the Supreme Court to block sale of promoter shares in Fortis Healthcare. 

Insecticides India Ltd: 

Insecticides India Ltd., an agrochemicals group, will be in focus after it reported 67% growth in its net profit at Rs 305 million during June quarter as compared to Rs 182.2 million for the corresponding quarter last fiscal.

Mahanagar Telephone Nigam Ltd:

Mahanagar Telephone Nigam Ltd (MTNL), a state-run telecom service provider, will be in focus after Bharat Sanchar Nigam Ltd (BSNL) is in talks with private telecom operators Bharti Airtel and Reliance Jio Infocomm for sharing its dark, or unused, optic fibre as part of its efforts to double its revenue from network sharing to about Rs 30 billion in 2017-18. 

RBL Bank Ltd:

RBL Bank Ltd., a private lender, will be in focus after it plans to raise Rs 16.80 billion by issuing shares on a preferential basis. Post this preferential allotment of shares, the bank's paid up share capital has increased to Rs 4.11 billion from Rs 3.79 billion presently.

Security and Intelligence Services (SIS):

Security and Intelligence Services (SIS)., a private security solutions provider, will be in focus as it will make its stock market debut today after concluding its initial share sale offer last week. The initial share sale offer of Security and Intelligence Services (India) Limited was subscribed 7 times. 

Tata Chemicals Ltd: 
Tata Chemicals Ltd., World's largest soda ash maker, will be in focus after it is aiming to clock Rs 100 billion business in its soda ash segment and Rs 50 billion in the pulses, spices and food category in the next five years. 

Union Bank of India, 63Moons Technologies Ltd., Adani Power Ltd, Alchemist Ltd., Balaji Telefilms Ltd., BHEL, GAIL, MOIL, Borosil Glass Works Ltd., Spicejet Ltd., Coffee Day Enterprises Ltd, among others to release their quarterly earnings today.

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Wednesday, 9 August 2017

Sensex : Top Stocks To Watch In Indian Share Market








Today's top stocks in indian share market, market is in negative note, subscribe for nifty, sensex tips by expert's stock tips.

Aurobindo Pharma Ltd:

Aurobindo Pharma Ltd., a local drug maker, will be in focus after Aurobindo and Intas Pharma are in race to buy Mallinckrodt's US generics business. The deal will be valued at $2 billion. 

Allcargo Logistics Ltd:

Allcargo Logistics Ltd., India's largest integrated logistics solutions provider, will be in focus after it is planning for acquisitions in the technology and contract logistics space, seeking to grow its business in India where opportunities will likely grow at a faster clip under GST.

Idea Cellular Ltd:

Idea Cellular Ltd., India's third largest telecom service provider, will be in focus after it approached the National Company Law Tribunal (NCLT) in Ahmedabad, seeking its approval for it's merger with Vodafone India and Vodafone Mobile Services.

Future Retail Ltd:

Future Retail Ltd., the operator of Big Bazaar supermarket chain, will be in focus after its net profit soared 110% to Rs 1.48 billion in the quarter to June on higher sales. Sales rose 18% on year to Rs 47.07 billion.

Jindal Steel and Power Ltd:

Jindal Steel and Power Ltd., Indian steel maker & energy provider, will be in focus after it reported narrowing of its consolidated loss to Rs 4.2 billion for the quarter ended on Jun 30, 2017. The company reported a consolidated loss of Rs 12.38 billion for the corresponding quarter of previous fiscal.

Jubilant FoodWorks Ltd:

Jubilant FoodWorks Ltd., the holder of the master franchise for Domino's Pizza India, will be in focus after its chief executive Pratik Pota said the company will not shy away from closing Domino's Pizza outlets if it helps in reducing cost.

Muthoot Finance Ltd:

Muthoot Finance Ltd., India's largest gold financer, will be in focus after it registered an increase in net profit of 30% at Rs 3.51 billion for first quarter 2017-18 as against Rs 2.7 billion in the previous year. Loan assets increased by 8% to Rs 278.52 billion. The total income also rose by 8% to Rs 13.99 billion.   

PVR Ltd:
PVR Ltd., the largest film entertainment group, will be in focus after it plans to sell 51% stake in PVR bluo entertainment for Rs 860 million. PVR bluo is a joint venture between PVR and Major cineplex group of Thailand.

SRF Ltd:

SRF Ltd., a leading fluorochemicals, specialty chemicals maker, will be in focus after it board approves setting-up of a facility to produce specialty chemicals (P-33) for agro industry at Chemical Complex in Dahej, Gujarat at an estimated cost of Rs 850 million.

Sintex Industries Ltd:

Sintex Industries Ltd., world largest plastic water tank maker, will be in focus after it allotment 87,82,069 equity shares to foreign currency convertible bonds holder upon exercise of their conversion Right

Tata Chemicals Ltd:
Tata Chemicals Ltd., world's second largest producer of soda ash, will be in focus after it reported 53% decline in consolidated profit at Rs 2.98 billion for the first quarter ended Jun 30, 2017. Its profit stood at Rs 6.40 billion in the year-ago period.

Tata Teleservices (Maharashtra) Ltd:

Tata Teleservices (Maharashtra) Ltd., the Tata group led telecom service provider, will be in focus after the lenders might recall loans of Rs 19.11 billion as the telecom firm has not been able to satisfy them with its financial performance.

Tata Motors, Eicher Motors, Aurobindo Pharma, Nalco, NMDC, MMTC, PTC India Financial, Thomas Cook, NHPC, Parag Milk and Magarjuna Fertilizers among others to report quarterly results today.

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Thursday, 3 August 2017

Today's Top Stocks To Watch | Indian Share Market













STOCKS: TO WATCH- Thursday - Aug 3 Axis Bank, GAIL, Lupin, L&T, RCom, PNB, Wipro

Axis Bank Ltd:

Axis Bank Ltd., India's thirds largest private lender, will be in focus after issuing Senior Fixed Rate Bonds aggregating to $500 million under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.

Bajaj Finance Ltd:

Bajaj Finance Ltd., a subsidiary of Bajaj Finserv, will be in focus on entering into a Subscription Agreement with One MobiKwik Systems to acquire convertible preference share. Post conversion it will hold 10% with a total amount paid Rs 2.25 billion.

Emami Ltd:

Emami Ltd., leading personal & healthcare product maker, will be in focus after it reported a net profit during the fiscal first quarter fell by nearly 98% at Rs 10.4 million owing to the geopolitical conditions in international markets, de-stocking due to GST along with aggressive ad spends. The net profit reported at Rs 10.4 million in the Apr-Jun quarter as compared to Rs 566 million of the same quarter in last year. 

Edelweiss Financial Services Ltd: 

Edelweiss Financial Services Ltd., a Mumbai based investment banker, will be in focus on reported a 40.5% jump in its consolidated net profit at Rs 1.96 billion the first quarter ended June. The company's net profit in the corresponding quarter of 2016-17 had stood at Rs 1.39 billion. 

GAIL Ltd:

GAIL Ltd., the largest state-owned natural gas processor and distributor, will be in focus after it commenced construction of Kochi-Koottanad-Mangalaru Pipeline with a total project cost of Rs 32.63 billion.

Just Dial Ltd:

Just Dial Ltd., an Indian search engine, will be in focus after approving buyback of equity shares for an amount not exceeding Rs 839.1 million.

Karnataka Bank Ltd: 

Karnataka Bank Ltd., a private lender, will be in focus after raising interest rates on savings bank account for large balance above Rs 10 million to 5% .
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