Stocks To Watch: Dr Reddy’s Labs, Bharat Electronics, Power Grid And More

Dr Reddy's Laboratories

• U.S. FDA completes the audit of the company's API manufacturing plant at Miryalaguda
• The company has been issued a form 483 with three observations

Bharat Electronics

• Government to sell up to 1.11 crore shares via Offer For Sale (OFS)
• Floor price of Rs 1,498 is at a 4 percent discount to Tuesday's closing price
• Offer to be open for Non-retail investors on February 22
• Offer to be open for retail investors on February 23

Power Grid

• Declared as the successful bidder under tariff based competitive bidding
• Bid was to establish the 765kV Strengthening in the eastern region on build, own, operate and maintain basis
• The company has received the letter of intent

Tata Chemicals

• Haldia plant to remain shut till April 15, 2017
• Shutdown on account of ammonia pipeline relocating project hook up and commissioning
• Planned repair and maintainance work also on the agenda
• Operates a fertiliser plant in Haldia where ammonia is used as one of the feedstock

• Tata Steel: Hot metal production at blast furnace of Kalinganagar plant crosses 2 million tonnes
• Coal India: Board to consider interim dividend for FY17 on March 6, 2017
• Apollo Hospitals: Board to consider Redeemable NCD issue worth Rs 200 crore to institutional investors, banks and financial institutions
• Electrotherm (India): Issued 12.66 lakh equity shares representing 9.94 percent of the post allotment capital at Rs 225.75 per share
• Mercantile Ventures: Ajara Ventures Ltd. formerly known as Coromandel Growth Fund Ltd. has become the company's subsidiary
• Castrol India: Q4 net profit at Rs 156 crore, beats estimates of Rs 124 crore
• ITD Cementation: Q4 profit at Rs 1.3 crore against Rs 3 crore last year