Top 12 stocks in focus:Adani Enterprises,RCOM,Axis Bank
Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tata Teleservices (Maharashtra): The company will raise up to Rs 3,000 crore from its promoter Tata Teleservices through allotment of preferential equities.
Indiabulls Housing Finance Ltd: The company has announced that the Company proposes to issue 30,000 Unsecured Non-Convertible Redeemable Debentures (Tier II) in the nature of Subordinated Debt with a face value of Rs. 1 lakh each aggregating to Rs. 300 Crores (Plus Greenshoe Option), on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10th Annual General Meeting held on September 7, 2015, on the terms and conditions.
ARSS Infrastructure Projects Ltd: The company has announced that a work order amounting to Rs. 44.04 Crores namely "Jagdalpur -Koraput Doubling Project- Execution of Earthwork in formation, Minor bridges, Protection works and other allied works from Km. 263.300 to Km.223.500 of Kotpar Road (Excluding) - Charamula kusumi (Including) - Khadapa (Including) - Dhanapur (Including) - Jeypore (Including) - Chatariput (Including) section in connection with KK line doubling of WAT Division, East Coast Railway" is awarded by East Cost Railway on June 23, 2016, in favour of one of our Joint Venture (JV) i.e. “ARSS-BMS (JV)”.
Adani Enterprises: The company said that it has raised Rs 150 crore through issuance of non-convertible debentures on private placement basis.
Sesa Iron Ore: The company expects to make all its mines operational in Goa post monsoon, says report.
Axis Bank: The bank is seeking shareholders nod to raise Rs 35,000 crore through multiple instruments including green bonds and from overseas markets, says report.
Reliance Power:The company is looking to secure a total of Rs 714 crore as bank guarantees and compensation from 18 procurers of the electricity project, says report.
Dr Lal PathLabs: The company is looking at around 18% revenue growth this fiscal year as it undertakes initiatives to expand number of tests offered and its network across India, according to reports.
Kwality Ltd: The company plans to raise up to Rs 300 crore through term loan and non-convertible debentures (NCDs).
Asian Paints Ltd: The company is investing around Rs.4,000 crore on setting up two manufacturing plants in Karnataka and Andhra Pradesh.