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Stocks to Watch: DLF, Claris Lifesciences, Tata Motors and More

The early indicator SGX Nifty declined 0.3 percent to 8,601.

Monitoring stocks at an Indian brokerage firm (Photographer: Dhiraj Singh/Bloomberg)
Monitoring stocks at an Indian brokerage firm (Photographer: Dhiraj Singh/Bloomberg)

The Nifty Futures on the Singapore Exchange, an early indicator of Nifty performance in India, declined 0.3 percent to 8,601.

Here are all the stocks to watch today

  • Ricoh India promoters get NCLT nod to recapitalise co (PTI WIRE)
  • GMR Infra: GMR Airports wins North Goa’s Greenfield Mopa Airport
  • Infosys: Expects second quarter growth to beat first quarter
  • Coal India: To invest Rs 12,834 crore in 2016-17
  • Alankit: Board recommends issue of bonus shares in the proportion of 1:1.
  • Siti Cable Network: Approved in-principle raising of funds via issuance of equity or equity related instruments up to $100 million
  • Cyient to consider special dividend
  • Indian Oil Corp to consider buy back of its shares
  • Claris Lifesciences: Says unit got five 483s during FDA inspection; reply to regulator observations within 15 days
  • Bharat Electronics: To start work on advanced night vision gear plant
  • Bharat Financials: Raises Rs 25 crore via commercial papers
  • L&T: Stake sale in road projects expected by March; expect a big order in defense within 4-6 months, says chairman. 

Media Reports

  • Reliance Industries: Rel Jio exposes policy, lacuna in trials’ scope (Financial Express)

*DoT, TRAI to plug deficit prospectively, keep off for now

  • JSW Steel: Interested in setting up 10 million tonne steel plant in Odisha (Economic Times)
  • DLF: SC asks real estate firm to hand over flats to buyers by November-end (PTI)
  • Monsanto India: Parent lobbies with US lawmakers on Indian rules (Financial Express)
  • Hindustan Zinc: No reason to hold minority stake in company, says Piyush Goyal (PTI)
  • Adani Enterprises. Adani Ports & SEZ: Gautam and Rajesh Adani pledge additional stake to STCI Finance (PTI)
  • SREI Infrastructure Finance: Unit Quippo in talks to buy assets of GOL Offshore (Mint)
  • NBCC India: 8 merchant bankers vie to manage the offer for sale of 15% government stake worth Rs 2,100 crore (PTI)
  • Coal India: Board okays pact with South African firm for mines acquisition (PT)
  • Allcargo Logistics Limited: To invest up to Rs 170 crore this fiscal to purchase land for a logistics park on the outskirts of Delhi & Kolkata (PTI)
  • Aurobindo Pharma: Home-grown drug maker and Intas in race for $1 billion buyout of Teva UK, submit binding offers
  • Balaji Telefilms: May put film business on hold after recent failures (Economic Times)
  • Power Grid: To electrify 1000 km of rail tracks on pilot basis (PTI)
  • Tata Steel: Shelves Bastar project (Business Standard)
  • Suzlon: To focus on captive consumers to reduce dependence on independent power producers (IPPs) (Business Line)
  • ACC: Poised to ramp up manufacturing capacity with Jamul, Sindri plants (Business Line)

Earnings Reaction to Watch

  • Tata Motors: Q1 net income plunges to Rs 2,240 crore versus Rs 5,230 crore YoY; JLR to introduce XF long wheel base in China in second of fiscal year.
  • Pratibha Industries: Q1 loss Rs 30.15 crore versus Rs 16.45 crore profit YoY
  • Procter & Gamble: Q4 net rises 1.9 percent YoY to Rs 109 crore

Earnings to Watch

  • Ashoka Buildcon
  • Bannari Amman Sugars
  • DLF
  • Gujarat Mineral Development Corporation
  • eClerx Services
  • Indian Oil Corporation
  • MOIL
  • Nahar Industrial Enterprises
  • Rohit Ferro-Tech
  • Prakash Industries
  • Rashtriya Chemicals and Fertilizers
  • Srikalahasthi Pipes

AGMs:

  • India Motor Parts & Accessories
  • India Cements
  • Linc Pen & Plastics
  • Maithan Alloys
  • Organic Coatings
  • Srikalahasthi Pipes
  • Sundaram Multi Pap
  • Thambbi Modern Spinning Mills
  • Voltas