Top 14 stocks in focus:Godrej Consumer Products,Wipro, Tech Mahindra
Check out the companies which will be in focus during trade today based on recent and latest news developments.
Godrej Consumer Products Ltd: The company is scouting for acquisitions in Indonesia and has shared ‘a wish list of assets’ with various investment bankers as part of its inorganic growth strategy in the South East Asian nation, says report.
Wipro: The company is seeking the government’s nod to set up an IT special economic zone (SEZ) in Kolkata.
Tech Mahindra: The company said it will continue to scout for companies and listed out digital technologies as a key focus area.
Pidilite Industries Ltd: The company has announced that Pidilite International Pte. Ltd and Pidilite Middle East Ltd, Wholly owned subsidiaries of the Company, have acquired shares of Nebula East Africa Private Limited (NEAPL), a Company incorporated in Kenya. With this acquisition, the wholly owned subsidiaries of the Company jointly hold 100% of the paid up share capital (which is Kenyan Shillings 100,000) equivalent to approx. USD 1000 in NEAPL.
Ujaas Energy Ltd: The company has received an order for “Designing, Engineering, Procurement & Supply, Construction & Erection, Testing & Commissioning and Comprehensive Operation & Maintenance for 10 years of 3MW (AC) Solar PV Power Plant on Turnkey Basis” at Aligarh Muslim University, Firdaus Nagar, Aligarh, Uttar Pradesh, at a price of Rs. 20,66,00,000.00/- (Rupees Twenty Crore Sixty Six Lakhs).
Kajaria Ceramics Ltd: The Board of Directors of the Company has approved the Sub-division of the equity shares of the Company from Rs. 2 each fully paid up to Re. 1 each fully paid up. Details required as per Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 is enclosed. This is however, subject to the approval of the shareholders.
Deccan Cements Ltd: ICRA has upgraded the rating of the company to A from BBB+ citing improvement in operational and financial performance of the company in fiscal year 2016.
McNally Bharat: CCI has approved the proposed amalgamation of McNally Bharat, its subsidiary McNally Sayaji Engineering and EMC Ltd with Kilburn Engineering, says report.
Oriental Bank of Commerce: The company has now informed BSE that the issue of Basel III Compliant Tier 2 Bonds of Rs.10,00,000/- each for cash at par aggregating to Rs. 500 crore with an option to retain oversubscription of upto Rs. 500 crore shall be open from June 17, 2016 to June 22, 2016 and the deemed date of allotment shall be June 24, 2016. The Bonds have been rated AA by ICRA & CARE and bear coupon rate of 9.05% p.a.