Stocks To Watch: Petronet LNG, TCS, Pratibha, Reliance Communications And More

The Nifty Futures on the Singapore Exchange, an early indicator of Nifty’s performance in India, fell 0.4 percent to 8,064.

Here are the stocks to watch out for in today’s session:

• Zensar Technologies: Launches intelligence managed service platform ‘The Vinci.’
• Reliance Communications: Transfer’s its subsidiary’s ethernet business division to a newly formed company Onyx NewCo LL. Onyx NewCo LL was sold to GTT Americas LLC for $28 million receivable in two installments.
• TCS: Board of directors call for an extraordinary general meeting (EGM), seeking the removal of Cyrus Mistry as director on December 13, 2016.

• Pratibha Industries: Receives a contract for a water treatment plant in Nepal worth Rs 97.8 crore. The company has won orders worth Rs 609 crore in recent times.
• Cadila Healthcare: Board of directors approve transfer of Indian Human Formulations to wholly-owned subsidiary for Rs 69.3 crore.
• Career Point: Acquires 1,68,000 equity shares of Gyan Eduventure Ltd., which now becomes the wholly-owned subsidiary of the company.
• Tata Teleservices (Maharashtra): Applied for unified license agreement for access service and internet service in Mumbai and Maharashtra.
• IIFL Holdings: NBFC subsidiary India Infoline Finance Ltd., proposed to acquire 100 percent stake of Samasta Microfinance Ltd., an NBFC registered with the RBI based in Bengaluru.
• United Bank Of India: Bank revises interest on domestic term deposits. Lowers interest rate by 25 basis points to 100 basis points depending on the amount of deposit and time period.
• Edelweiss Financial: Wholly-owned subsidiary enters into a share sale and purchase agreement with Inditrade Business Consultants for the sale of its wholly-owned subsidiary Edel Commodities Trading for Rs 13 crore receivable in cash and shares.
• Inox Wind: Company wins repeat order from Roha Dyechem for 40 MW wind power project to be deployed in Gujarat.
• Canara Bank: Revises deposit interest rates in different maturities in retail and bulk deposits in the range of 5 bps to 25 bps, effective from November 21.
• Punj Lloyd: Wholly-owned subsidiary executed definitive agreements with India Power Green Utility Pvt. Ltd. (IPGUPL) to co-develop 30 MW of solar assets in Uttarakhand.
• Reliance Industries: Partners with GE to drive digital transformation in the industrial world.
• IL&FS Engineering & Transport: JV between two companies emerges as the lowest bidder for two road projects in Madhya Pradesh.

Media Reports

• Power Grid: Seeks $1 billion loan from Asian Development Bank for green energy corridor. (Bloomberg)
• NHPC: To raise Rs 2,250 crore via bonds issue. (Bloomberg)
• NTPC: Defers 10-year bold sale seeking to raise Rs 500 crore. (Bloomberg)
• Sanofi India: Inks pact with NIPER, Kolkata. (PTI)
• Sugar Companies: Maharashtra, UP may see temporary halt in sugarcane harvesting. (Financial Express)
• Visa Steel: Banks to sell Rs 3,000 crore of debt to Asset Reconstruction Companies. (Financial Express)

Earnings Reactions To Watch

• Petronet LNG
• Infibeam Incorporation
• HMT
• Astral Poly Technik
• Deepak Fertilizers and Petrochemicals Corporation
• Ashiana Housing
• MVL

Earnings To Watch Today

• Gujarat gas
• NBCC
• NHPC
• Rashtriya Chemicals & Fertilizers
• JB Chemicals And Pharmaceuticals
• 3M India
• Precision Camshafts
• Sarda Energy & Minerals
• Visa Steel