Wednesday, 14 February 2018

Top stocks in focus today: Bank stocks, Britannia, Idea Cellular, NBCC, Fortis Healthcare

Shares of banks will be in focus after the Reserve Bank of India (RBI) late Monday brought out new rules for recognition of stressed assets by commercial banks and revoked all old rules.
Britannia plans to launch ~50 new products under it's existing as well as new categories by March 2020, as per media sources.
Idea Cellular raises Rs3,250cr through preferential allotment to promoters.
Bank of Baroda to exit South Africa amid probe over Gupta ties.
Mangalam Cement to set up an 11 MW waste heat recovery plant at Rajasthan.
Indoco Remedies’ Goa plant gets 8 observations under form 483 from USFDA.
CG Powerto sell Hungary business (excluding switchgear business) for 38 million euros. 
IOL Chemicals and Pharma starts production of anti-diabetes drug Metformin
Precision Camshafts receives multiple orders worth Rs275cr.
JSW Steel commences mining operations in Tunga with a capacity of 0.3 MTPA.
Vascon Engineers approved raising of funds up to Rs100cr.
Fortis Healthcare signs agreement to buy entire assets of RHT Health Trust
Apollo Tyres to acquire up to 40% in KT Telematic Solutions Private Limited for Rs9cr.
NBCC to seek shareholder approval for a stock split from Rs2 to Re 1.
Oriental Bank of Commerce approved preferential allotment to GoI worth Rs3,571cr.
Punjab & Sind Bank approved preferential allotment worth Rs785cr to GoI and Rs1,215cr via FPO/Rights/QIP etc.

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