United Breweries, Tata Motors among stocks that are in news

Brokerage firm Barclays has upgraded its view on Hindustan Unilever to 'overweight' from 'equalweight'. Price target is at Rs 944 per share. The brokergae firm has greater confidence in outlook for the company's consumption spending. It expects the company to continue to deliver on operating margin expansion and see gross margin expansion by 350 bps aided by benign input costs. Firm aligning portfolio to premiumisation and urban demand are the other positives for Hindustan Unilever. Risk-reward favourable as company has underperformed market in last 6 months. CLSA maintains its 'sell' rating on Hindustan Unileverr with a target price of Rs 810 per share. CLSA sees a strong long-term potential as well as near-term macro challenges. The company is well positioned to capture opportunities in the Indian market. Good fundamentals, but priced in. At 36x one-year forward PE, counter looks expensive.Drug major Sun Pharmaceutical Industries is said to be in race to acquire US-based eye care firm InSite Vision Inc at a price of USD 0.35 per share. "InSite's Board of Directors has determined that the previously announced unsolicited offer from a global pharmaceutical company to acquire all outstanding shares of InSite Vision common stock at USD 0.35 per share in an all- cash transaction constitutes a 'Company Superior Proposal' as defined in InSite's previously announced definitive agreement with QLT Inc dated as of August 26, 2015," the US-based company said. The company, however, did not name the suitor but reports suggested it was Sun Pharmaceuticals. Coal Ministry allocated Utkal D & E coal blocks to Nalco. Utkal D & E Blocks had been allocated to Odisha Mining Corp & Nalco. In september 2014, the Supreme Court cancelled the allocation along with all other blocks. Nalco was not clear if they have forest clearances. Company awaiting clarity on commissioning timelines, Incremental capex, Landed cost of capital coal.Deutsche Bank has downgraded its view on Tata Motors to 'hold'. It has also cut  the target price by 21 percent to Rs 375 per share. The brokerage firm saisd that China volumes still remain weak. There is greater than expected delay in China volume ramp-up for JLR. Markets, excluding China, are likely to deteriorate. US market incentives up 50-100 bps (Year on Year) in July a concern. The company's margin is expected to fall 290 basis points in FY18 year on year. The Serious Fraud Investigation Office has launched an investigation against Kingfisher Airlines over alleged mismanagement of funds exceeding Rs 8000 crore, CNBC-TV18's Prerna Baruah reports, quoting unnamed sources.Sources say the SFIO has already sent notices to United Breweries, Kingfisher Airlines and United Spirits and is likely to summon Vijay Mallya, executives of United Breweries and United Spirits.The SFIO is probing alleged financial irregularities from 2005 to 2014, which may have been contributed to the eventual collapse of the airline.The SFIO is probing the flow of funds between Kingfisher Airlines and group companies United Spirits and United Breweries.Colgate Pamolive Delivery percent at 55 percent. Open Interest up 22 percent or 1.35 lakh shares. Manapurram Finance ward Ferry Asian Recon Fund buys 1.47 crore shares at Rs 24.6/share. Beaver Investment sells 1.28 cr shares at Rs 24.5/share. Ashish Dhawan recently bought shares in a bulk deal as well. Prism Cement delivery volumes at 10.7 lakh shares versus 10-day average of 51,000. Delivery percent at 77 percent. Delta Corporation delivery volumes at 8 lakh shares versus 10-day average of 3.9 lakh. Delivery percent at 23 percent. Wockhardt delivery volumes at 5 lakh shares versus 10-day average of 2.5 lakh. Delivery percent at 17 percent. Open Interest down 1.5 percent.