Top 6 stocks in focus: TCS, SRS, Adani Transmission
Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tata Consultancy Services Ltd: The company has announced that as per Ministry of Corporate Affairs notification dated February 16, 2015, listed and unlisted companies with net worth of Rs. 500 crore or more including the parent or subsidiaries of such companies will have to prepare their financial statements following Ind AS with effect from April 01, 2016 with comparative periods beginning April 01, 2015. Therefore, the Company will be publishing its financial statements prepared under Ind AS when it announces its Q1 earnings for FY17 on July 14, 2016 and not as per Indian GAAP. The Company will continue to post its earnings in IFRS as well.
Prakash Industries Ltd: The company has received notices from FCCB holder(s) for conversion of 10 Nos. FCCB (US$ 50,000 each) in to 5,29,978 Nos. equity shares of Rs.10/- each of the Company in accordance with restructuring terms accepted by FCCB holder(s).
Adani Transmission Ltd: The company has announced that India Ratings & Research Private Limited has assigned Company's Rs. 1000 Crs Non-Convertible Debentures a final Long-term 'IND AA+' rating with Stable Outlook.
Omkar Speciality Chemicals Limited: The company have intimated the Stock Exchanges of the recent selling of the shares by the Promoter group.
Hinduja Ventures Ltd: The company has announced that it has acquired 43 lakh equity shares and 7.04 Crore Preference shares of Unit IMCL.
SRS Ltd: The company has announced that the Board of Directors of the Company at its meeting held on July 13, 2016, decided to withdraw the decision of "Sub-Division of Equity Shares of Rs. 10/- each into Equity Shares of Re. 1/- each", which was approved by the Board of Directors in its Meeting held on June 22, 2016 and dispatch of Postal Ballot Notice was completed on June 27, 2016.