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Stocks that must be on your radar

Some of the stocks that should be on your radar are: Deepak Fertilizers and Petrochemicals Coprn, KPIT Technologies, Housing Development Finance Corporation, Tata Coffee, Jayshree Tea and Industries, Infosys, Bajaj Hindusthan.

June 14, 2016 / 08:46 IST
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Some of the stocks that should be on your radar areRBI's stress restructuring: The Reserve Bank of India (RBI) today released a paper on stressed assets called Scheme for Sustainable Structuring of Stressed Assets. The main aim of this paper is to “strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track by providing an avenue for reworking financial structure of entities facing genuine difficulties.” The Reserve Bank will facilitate the resolution of large accounts which meets certain criteria. Those accounts facing severe financial difficulties might be put for restructuring or some write-down or larger provisions can be allowed, mentions the paper. The paper describes resolution plans that can be implemented to service the debt. An Overseeing Committee (OC) will be formed by the Indian Banks’ Association (IBA) in consultation with the Reserve Bank for overseeing the stressed assets cases.Deepak Fertilizer: Department of Fertilizer commences release of subsidy arrears. Deepak Fertilizer had challenged the withholding before Bombay High Court. Subsidy arrears worth Rs 795 cr were due to the co as on March 2016. Subsidies worth Rs 310 cr still withheld by DoF under purview of Bombay High Court.Kpit Tech: Copart terminates pact with KPIT's unit Sparta Consulting. Copart terminates pact with subsidiary without cause. Sparta Consulting is a 100 percent subsidiary of KPIT. Sparta-Copart Dispute: Copart seeking damages amounting not less than USD 50 million. Copart has amended suit to seek fresh claims of damages. Sparta filed a suit against Copart. KPIT has made adequate provision against amount receivable from Copart. Sparta will defend against Copart's claim. Case pending before California Court. HDFC: Delivery-based selling of Rs 450 crore.Tata Coffee: Tata Coffee sees big delivery-based buying. Delivery-based buying of 25 lakh shares versus 10-day average of 1.3 lakh. Jayshree Tea: Jayshree Tea sees delivery-based buying. Delivery-based buying of 5.2 lakh shares versus 10-day average of 54,000.  Other syocks in news are Bajaj Hindusthan and Infosys.

first published: Jun 14, 2016 08:39 am

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