Stocks likely to be in the news are: Bharti Airtel, Larsen and Toubro,BEML, Pipavav Defence, Indoco Remedies, Persistent Systems, JMC Projects (India), Grasim Industries, Granules India, India Cements.
CNBC-TV18‘s Rituparna Bhuyan says that the licenses are for land, naval, and air projects.
Pipavav Defence, Tide Water Oil, SpiceJet, Reliance Infrastructure, TCS and Jet Airways were most active shares on exchanges.
Force Motors, Pipavav Defence, Dr Lal PathLabs, SpiceJet, TCS, Alkem Lab and Reliance Infrastructure were the most active shares on exchanges.
The open offer was made by Reliance Infrastructure and its wholly-owned subsidiary, Reliance Defence Systems Pvt Ltd. Now, their holding in Pipavav has increased to nearly 35 percent. The company did not disclose specific details about the open offer, citing regulatory obligations.
Augur Overseas Operation is a wholly owned subsidiary of Augur Aeronautical Centre (AAC), a leading aerostat and airship designer, builder and supplier globally.
The much-delayed corporate debt restructuring (CDR) for the debt-laden Pipavav Defence and offshore engineering has finally got the lenders' approval reports CNBC-TV18‘s Ritu Singh.
Brokerage house ICICIdirect.com is bullish on Pipavav Defence and Offshore Engineering and has recommended buy rating on the stock with a target price of Rs 80 in its research report dated March 13, 2015.
The open offer made by Reliance Defence Systems and Reliance Infrastructure, for purchase of over 19.14 crore shares, has been made at a price of Rs 66 each, as per the offer documents filed with the markets regulator Sebi. Pipavav shares on Tuesday closed nearly 4 percent down at Rs 61.3 at the BSE.
It was yet another volatile session on Dalal Street on Thursday. The market advanced in last hour of trade with the equity benchmarks closing with marginal gains (ahead of long weekend). Defensives like healthcare, FMCG and index heavyweights HDFC twins led the major support whereas technology, metals, telecom and capital goods saw profit booking.
Cairn India is among the top losers on Nifty, down 3 percent after it cut its capex guidance for FY16 by 60 percent to USD 500 million. The oil major also reduced its production guidance of 7-10 percent CAGR over FY14-17.
Reliance Infrastructure gained 2 percent and Pipavav Defence tanked 10 percent. Reliance Infrastructure has acquired 18 percent promoter's stake in Pipavav Defence for Rs 819 crore at Rs 63 apiece.
Pipavav Defence surged 13 percent on market buzz that Mahindra & Mahindra may soon announce buyout of 25-30 percent stake in the company followed by an open offer.
The market remained under pressure in noon trade. The Sensex fell 80.97 points to 28453 and the Nifty declined 16.75 points to 8610.65 as banking, FMCG and metal stocks lost ground.
The 50-share NSE Nifty managed to maintain 8750 level amid consolidation today, supported by banking & financials and technology stocks. However, healthcare and select metals stocks were under pressure.
Pipavav Defence and Offshore Engineering Company has reported a standalone sales turnover of Rs 318.08 crore and a net loss of Rs 4.77 crore for the quarter ended Dec '13
Strides Arcolab | Pipavav Defence | D-Link India | Religare Enterprises | Akzo Nobel India | Alstom India | NTPC | DLF and Power Grid are stocks, which are in the news today.
Pipavav Defence and Offshore Engineering Company has reported a sales standalone turnover of Rs 807.46 crore and a net profit of Rs 4.54 crore for the quarter ended Sep '13
Pipavav Defence and Offshore Engineering Company has reported a sales standalone turnover of Rs 702.75 crore and a net profit of Rs 7.28 crore for the quarter ended Jun '13
Mahindra & Mahindra Financial Services | Axis Bank | ICICI Bank | Wipro | Bharti Airtel | Tata Motors | TCS | Educomp Solutions | Bosch | Orchid Chemicals | Pipavav Defence | Gitanjali Gems | Bhushan Steel | Gujarat Fluorochemicals | Shree Renuka | Jain Irrigation | NALCO | JK Tyre and Gujarat Apollo are stocks, which are in the news today.
Pipavav Defence is the first yard in India to receive rigs from global giants and has also received interest from European, subject to statutory approvals
Ace stock market invetor RakeshJhunjhunwala along with his wife will hold around 1.35 per cent stake in Pipavav after conversion of all the outstanding securities.
Pipavav Defence and Offshore Engineering Company has reported a sales standalone turnover of Rs 621.00 crore and a net profit of Rs 10.05 crore for the quarter ended Dec '12
Nikhil Gandhi, chairman, Pipavav Shipyard told CNBC-TV18 that the promote stake after the deal will come down to 41 percent from 45 percent initially.
Kotak Securities has come out with its earnings estimates on shipping sector for December quarter FY13. With slowing consumer demand and burgeoning order book, the container market was weak in Q3FY13 and is estimated to remain flattish in near term.