Nifty futures on the Singapore Exchange traded 30.5 points, or 0.18 per cent higher at 16,633.50, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:
Meghmani Finechem: The company company will get listed on the BSE and the National Stock Exchange (NSE) on Wednesday. The shareholders of Meghmani Organics Ltd (MOL) were allotted 94 fully paid equity share of a face value of Rs 10 of MFL for every 1,000 fully paid equity share of MOL of a face value of Re 1.
HDFC Bank: Eight months after barring the country’s largest private sector lender HDFC Bank from selling new credit cards, the Reserve Bank of India (RBI) has lifted the ban, banking sources said on Tuesday. However, the ban on launching new technology initiatives remains.
Coal India: The mining major suffered losses to the tune of Rs 700 crore in the April-June quarter owing to a sharp rise in diesel prices, a top company official said.
Canara Bank: The state-owned lender opened its QIP to raise up to Rs 2,500 crore and set the floor price of the issue at Rs 155.58 per equity share.
Vodafone Idea: The cash strapped telecom operator may face an annualised cash flow shortfall of at least USD 3.1 billion (over Rs 23,000 crore) in absence of any policy relief or tariff hike, a latest note by Kotak Institutional Equities estimated.
Zydus Cadila: The drug firm said it has received tentative approval from the US health regulator to market Lenalidomide capsules used for the treatment of various types of cancers.
Hindustan Aeronautics: State-run aerospace behemoth said it has placed an order of Rs 5,375 crore for 99 F404-GE-IN20 engines and support services with GE Aviation, USA to power the Tejas Light Combat Aircraft.
SBI Cards and Payment Services: The financial service provider has raised Rs 500 crore by issuing bonds on a private placement basis. The stakeholders’ relationship and customer experience committee of the company has approved the allotment of 5,000 fixed rate, redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each.
Siemens: The industrial manufacturing company and Tata Power Delhi Distribution Ltd (Tata Power-DDL) have jointly announced deployment of smart metering technology for over two lakh smart meters in north Delhi.
: The edible oil firm, owned by Baba Ramdev-led Patanjali Ayurveda, has received capital markets regulator Sebi’s go-ahead to raise Rs 4,300 crore through a follow-on public offer (FPO).
Reliance Naval: APM Terminal and Navin Jindal Group are among three firms that have submitted final bids for R-Naval, banking sources said. A consortium of GMS, Dubai and Turkeys’ Besiktas Shipyard was the third bid submitted at the close of bidding last week, they said. The Committee of Creditors will be meeting this week for an evaluation of these bids.
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