Moneycontrol
Last Updated : Jan 11, 2018 08:56 AM IST | Source: Moneycontrol.com

Stocks in the news: GE Power, Maruti Suzuki, DLF, NMDC, ONGC, Tata Chemicals, Welspun India

GE Power | Maruti Suzuki | DLF | NMDC | ONGC | DCB Bank | Can Fin Homes | Tata Chemicals | India Nippon Electricals | JSW Steel | Bank of Baroda | Arihant Superstructures | GMR | Welspun Enterprises | Bajaj Auto | Jagatjit Industries | Orient Paper and Industries and Power Grid are stocks | which are in news today.


Here are stocks that are in news today:

Results today: Tata Consultancy Services, IndusInd Bank, Bajaj Corp, Shree Cements, 5paisa Capital, Alpha Hi-Tech Fuel, Hindustan Media Ventures, Sintex Plastics Technology, Suraj, Suryajyoti Spinning Mills, Websol Energy System

GE Power

The company Has been awarded a contract worth Rs 818.3 crore by Navayuga Engineering Company Limited to design, engineering, manufacturing, supply, erection, testing and commissioning of 12 numbers, 80 MW capacity vertical full Kaplan Turbine generator units

DCB Bank

The bank informed that a meeting of the board of directors will be held on Wednesday, January 17, 2018, to consider and approve the unaudited financial results (Provisional) for Q3 and the nine months ended December 31, 2017.

Can Fin Homes

The company has entered into a contract with 'Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited' for carrying out the corporate agency business.

Bulge bracket private equity funds including TPG Capital Management, Bain Capital and Baring Private Equity Asia are in initial talks to buy state-run Canara Bank’s 30 percent stake in its listed housing finance subsidiary, Can Fin Homes, as the Bengaluru-based lender tries to improve its capital base, said an ET report.

Maruti Suzuki, Honda hikes prices by up to Rs 32,000

Various automakers including, Hyundai Motor India, Honda Cars, Mahindra & Mahindra have already announced to increase prices from this month. These companies are, however, yet to announce price increase for their respective vehicles.

Maruti Suzuki announced price increase ranging from Rs 1,700 to Rs 1,7000.

Pharma stocks will be in focus

Homegrown Aurobindo Pharma, Zydus Cadila, Torrent Pharma and Intas have expressed preliminary interest in buying the European generics business of Paris-headquartered pharma giant Sanofi as frenzied deal making continues in Big Pharma the world over in the new year, ET reported.

Tata Chemicals

Tata Chemicals on Wednesday said it has received approval from majority shareholders for sale of its Haldia fertiliser unit in West Bengal to Netherlands-based Indorama Holdings BV for Rs 375 crore.

DLF

The Supreme Court on Wednesday upheld the Kerala High Court order imposing a fine of Rs 1 crore on real estate major DLF for constructing around 180 luxury flats along the banks of eco-sensitive Chilavannur backwaters near Kochi in Kerala.

India Nippon Electricals

The company has been decided to convene a meeting of the board of directors on Monday the January 29 to consider payment of an interim dividend and sub-division of equity shares of the company. This proposal will be subject to the approval of the shareholders.

Bank of Baroda

India’s third-largest state-run lender is seeking to sell unit Nainital Bank as it sheds non-core assets to bolster its balance sheet, people familiar with the matter said, Mint reported.

ONGC

After a gap of over three-decade, state-owned Oil and Natural Gas Corp (ONGC) is set to open a new sedimentary basin in the country as it puts Kutch offshore on the oil and gas map of India.

Arihant Superstructures

Arihant Superstructures has received the approval of plan/commencement certificate for construction and implementation of its project named as 'Arihant Anaika Phase II' located at Taloja, Navi Mumbai

DIPAM on NMDC OFS
-Government divested 2.52 percent stake in NMDC for Rs 1,200 crore
-Government gets Rs 980 crore from non-retail investors & Rs 232 crore from the retail ones
-Originally, NMDC OFS was meant to divest 1.5 percent government stake at Rs 153.50 per share
-The OFS issue got oversubscribed three times the basic issue size
-A discount of 5 percent on the cut-off price was offered to retail investors
-Retail portion of NMDC OFS subscribed 4.39x (439 percent)

-After the OFS, government shareholding in NMDC reduces to 72.42 percent from 74.94 percent

Other stocks and sectors in the news today:
-Alok Industries says National Company Law Tribunal granted a 90-day extension in insolvency process
-Orient Paper and Industries has ex-date for demerger today
-Essar Steel bidders turn to SBI, ICICI Bank: Media Report
-GMR to raise Rs 5,000 crore via airport business IPO: Media Report
-Welspun Enterprises entered in a concession pact with Madhya Pradesh government for Dewas water supply project
-Fitch assigns issuer default rating of BBB- to Power Grid
-Welspun India's promoter sells stake worth Rs 350 crore
-Bajaj Auto is confident of 8 percent jump in market share in 2 months
-Jagatjit Industries to refinance Rs 265-cr debt

-Reliance Industries, Jai Corp in focus - RIL's Mukesh Ambani in talks to buy out Jai Corp's 24 percent stake in NMSEZ: BS

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
First Published on Jan 11, 2018 08:03 am
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