Here's why shipping and jute cos may rally today

Stocks to watch out for:ABG Shipyard and GE Shipping: In a bid to promote the shipbuilding industry under the 'Make in India' initiative, the Cabinet on Wednesday approved a proposal for financial assistance of 20 percent for ships built in the country. Financial assistance at 20 percent of price to be granted for any vessel built in India. State Bank of India is likely to sell 15 percent stake in NSE and the bank has kick started the process. As per last transaction, NSE is valued at Rs 17,500 crore. SBI's 15 percent stake in NSE is valued at Rs 2,500 crore. However, analyst think the NSE deal is not material from valuation perspective. Cheviot and Gloster: will be in focus because the government on Wednesday approved mandatory use of jute packaging material for foodgrains and sugar, a move which will provide relief to 3.7 lakh jute mill workers.Credit Suisse has an outperfrom rating on Strides Acrolab with a target price of Rs 1,720. According to the report, the company has rebuilt itself into a geographically diversified generic company and the transition & geographical expansion  has largely been via acquisitions over past 2 years. US & Africa are its key growth drivers. Key catalysts include Lovaza approval and margin improvement. The house expects it to deliver organic CAGR of 35 percent over FY16-18. The share trades at a 10 percent discount to peers. Goldman Sachs reiterate a sell call Dish TV with a target price of Rs 78. It sees a slow down in ARPU growth. The EBITDA too is unlikely to expand because content cost re-negotiation are due in H2FY17. Aurobindo Pharma would be in focus today on back of US FDA approval for an oral contraceptive tablet -- Levonorgestrel. It is the third drug approved by US FDA in December. Aurbindo Pharma received around 10 US FDA approvals for new drugs since August. CESC is also likely to be in limelight today on back of robust delivery volume to the tune of 6.3 lakh shares versus 10-day average of 1.5 lakh. The stocks is trading below its 200-DMA of Rs 560.    Glenmark Pharma saw delivery selling of Rs 100 crore yesterday. Delivery volume was 12 lakh shares versus 10-day average of 4.8 lakh. The stock was trading below its 200-DMA of Rs 954.IDFC stock hit 52 week low of Rs 45.Tata Consultancy Services saw delivery buying of Rs 350 crore yesterday and the delivery volumes were 13 lakh shares versus 10-day average of 6 lakh.