Here are stocks that are in the news today:
Himachal Futuristic Communications (HFCL): Board approved the proposal of enhancing the additional manufacturing capacity of optical fibre cable (OFC) at Hyderabad from 7 million Fibre Kilometer (FKM) to 10.5 million FKM where the company is already setting up optical fibre (OF) and OFC manufacturing facilities.
HFCL: Board approved redemption of 60,37,500, 6.5% cumulative redeemable preference shares (CRPS) of Rs 100 each at par aggregating to Rs 60.38 crore as per the terms of CRPS.
VST Tillers and Tractors: The Malur unit will be closed on January 8 and 9 due to the impact of strike and power shut down by BESCOM.
Bandhan Bank: Board approved amalgamation of Gruh Finance, subsidiary of HDFC, into the bank.
TCS: Central Bank of Kuwait modernised its technology platform with TCS BaNCS.
Endurance Technologies: Subsidiary Endurance Overseas Srl., Italy and the special purpose vehicle for strategic overseas investments, acquired entire equity stake in Fonpresmetal Gap SpA (Fonpresmetal), an aluminum die casting company in Italy.
National Peroxide: Board approved the appointment of Conrad David Fernandes as Chief Financial Officer and Shailesh Chauhan ceased to be the Chief Financial Officer.
Indostar Capital Finance: Board approved allotment of 2,500 Series XXXII Rated, Secured, Unlisted, Redeemable, Non-Convertible Debentures of face value of Rs 10 lakh each, for cash at par, on private placement basis, aggregating to Rs 250 crore.
Jagran Prakashan: CRISIL assigned long term rating of AA+/Stable for non-convertible debentures worth Rs 300 crore.
Rane Brake Lining: ICRA reaffirmed - for the Rs 165.32 crore line of credit - long term rating at AA- with outlook stable.
PIX Transmissions: CARE upgraded its rating to an A- rating from BBB+ for long-term bank facilities and A2+ rating for short-term facilities has been reaffirmed .
Omaxe: CARE revised its rating to BBB-/Negative from BBB-/Stable for long term bank facilities.
Trident: Company fixed record date for the purpose of third interim dividend for the financial year 2018-19, if declared by the board in its meeting scheduled to be held on January 15, 2019.
Prabhat Dairy: Company entered into animal nutrition business.
Punjab National Bank: Government amalgamated Madhya Bihar Gramin Bank and Bihar Gramin Bank to become Dakshin Bihar Gramin Bank in Bihar while Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank will be merged to become Punjab Gramin Bank in Punjab.
Alliance Integrated Metaliks: Sanjiv Bhasin, Director resigned from the board and all committees of board, due to personal and unavoidable circumstances.
Fedders Electric and Engineering: Satya Narayan Gupta has resigned as the Non- Executive Independent Director of the company due to personal reasons.
Insecticides India: Government of India, The Patent Office has granted the patent for an Insecticidal Combination of 'Diafenthiuron and Acetamiprid in Wettable Power Form' for 20 years.
Sadbhav Infrastructure Project: Toll revenue received from 10 operational SPVs (apart from NSEL which is an annuity project) have increased by approximately 6.2 percent to Rs 275.76 crore in Q3FY19 from Rs 259.78 crore in Q3FY18.
Bulk Deals on January 7
Rajshree PolyPack: Unifi Financial Pvt Ltd sold 92,000 shares of the company at Rs 105 per share on the NSE.
TPL Plastech: Bridge India Fund sold 70,000 shares of the company at Rs 150 per share on the NSE.
(For more bulk deals, click here)
Analyst or Board Meet/Briefings
IRIS Business Services: Company's officials will be meeting Baring Private Equity Partners (India) on January 8.
Deccan Health Care: Company will be conducting Investor Meet on January 9 at Trident, BKC Mumbai.
Seshachal Technologies: Board meeting is scheduled on January 14 to consider the proposal of raising funds through issue of equity shares on preferential allotment basis.
DCM Shriram: Company's officials will be meeting Reliance MF on January 9.
Lancer Container Lines: Company will be participating in an Investor Meet scheduled to be held on January 9 at Trident, BKC Mumbai.
Adani Gas: Company will participate in 'HDFC Securities Investor Forum' on January 10 at Mumbai.
Nitin Castings: Board meeting is scheduled on January 14 to consider sub division of equity shares.
ITI Limited: Company's officials will be meeting certain financial/institutional investors on January 8 and 9.
Jay Bharat Maruti: Board meeting is scheduled on January 15 to consider the un-audited financial results for the 3rd quarter and nine months period ended December 2018.
Trident: Board also consider third interim dividend for the financial year 2018-19 in its meeting scheduled to be held on January 15.
Cholamandalam Investment and Finance Company: Board meeting is scheduled to be held on January 30 to consider the unaudited standalone financial statements for the quarter for the ended December 2018 and payment of an interim dividend for the financial year ending March 2019.
MCX: Board meeting is scheduled on January 15 to consider the un-audited financial results (standalone & consolidated) of the company for the quarter and nine months ended December 2018.
Rico Auto Industries: Senior officials of the company will be attending the Investor Conference on January 8.
Jindal Stainless: Management of Jindal Stainless will be participating in the investors' conference - DBS Vickers Pulse of Asia Conference, to be held at Singapore on January 10.
Future Lifestyle Fashions: Company's officials will be meeting institutional investors and mutual fund houses on January 8 and 9.
Tejas Networks: Board meeting is scheduled on January 23 to consider the unaudited standalone financial results of the company for the quarter and nine-months ended December 2018.
L&T Finance Holdings: Board meeting is scheduled on January 21 to consider the unaudited financial results (standalone and consolidated) for the quarter ended December 2018.
Phillips Carbon Black: Board meeting is scheduled on January 16 to consider the unaudited financial results of the company for the quarter and nine months ended on December 2018.
Punjab Chemicals and Crop Protection: Board meeting is scheduled on January 24 to consider the un-audited financial results of the company for the third quarter and nine months period ended on December 2018.
Jumbo Bag: Board meeting is scheduled on January 14 to consider the unaudited results for the quarter ended December 2018.
Everest Industries: Board meeting is scheduled on January 23 to consider the unaudited financial results of the company for the quarter ended December 2018.
Sasken Technologies: Board meeting is scheduled on January 21 to consider the audited financial results of the company for the quarter and nine months ended December 2018.
Wipro: Board meeting is scheduled on January 18 to announce results for the third quarter ended December 2018.
Mafatlal Industries: Board meeting is scheduled on January 31 to consider the un-audited financial results for the quarter ended December 2018.
Jindal Stainless Hisar: Extraordinary general meeting of shareholders is scheduled to be held on February 1.
Titan Company: Board meeting is scheduled on February 1 to consider the unaudited financial results for the third quarter / nine months ended December 2018.
Hindustan Unilever: Board meeting is scheduled on January 17 to consider the unaudited financial results for the quarter ended December 2018.
Magma Fincorp: Board meeting is scheduled on January 31 to consider the financial result (standalone and consolidated) for the quarter ended December 2018.
Alkyl Amines Chemicals: Board meeting is scheduled on January 30 to consider the unaudited financial results.
Futuristic Solutions: Board meeting is scheduled on January 14 to consider the un-audited financial results of the company for the quarter ended on December 2018.
Lakshmi Machine Works: Board meeting is scheduled on February 4 to consider the unaudited financial results of the company for the quarter ended December 2018.
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