Stocks To Watch: Shilpa Medicare, Bharti Airtel, Symphony And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, was little changed at 7,919.

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

Shilpa Medicare

• Shareholders approve increasing foreign investment in the company to 40 percent from 30 percent.
• Allot 30.25 lakh shares at Rs 570 each to TA FII Investors Ltd. post the resolution passed by the shareholders at their EGM on December 26.
• Also appointed TA FII Investors’ nominee Naresh Patwari as an additional non-executive and non-independent director of the company.

Jindal Poly Films

• Board of directors approve increasing borrowing limit to Rs 5,000 crore from Rs 4,000 crore.
• Also approve creation of charge on assets up to Rs 5,000 crore.
• Approval to subsidiary JPF Netherlands to issue further shares to other investors and issue NCDs up to Rs 500 crore.

Other stocks in focus today:

• Jubilant Life Sciences: Shareholders approved issue of NCDs up to Rs 1,000 crore.
• Capital First: To consider and approve the private placement of NCDs to be listed on the Debt Market segment of National Stock Exchange on December 29.
• ITD Cementation: Shareholders approve company to give loans or guarantees up to Rs 2,500 crore.
• Idea Cellular: Appoints Alka Bharucha as additional director for a period of five years from December 26.
• DB Realty: Promoter Vinod Goenka acquires an additional 0.004 percent stake in the company through the market.
• Aurobindo Pharma: One of the promoter holding 33.56 percent stake releases pledge on 1 percent of the holding.
• Piramal Enterprises: Sai Krishna Trust, promoter of the company acquired another 0.01 percent stake through market.
• Sadbhav Infrastructure: One of the promoter holding 0.16 percent stake in the company pledges 50 percent of his stake with Kotak Mahindra investment for fund raising.
• Sun Pharma: One of the promoters who holds 0.6 percent stake in the company, pledged 2.7 percent of his holdings with Citicorp Finance (India) for a secured credit facility.
• GMR Infrastructure: Releases pledge on 2.11 percent of its stake with Vistra ITCL with whom it had pledged 19.33 percent stake.
• Eicher Motors: Vikram Lal transfers his entire 10.11 percent stake to The Simran Siddhartha Tara Benefit Trust. Trust will now hold 35.11 percent stake.
• NBCC: To consider issue of bonus shares on January 4.
• Apollo Hospitals: Issues letter of comfort for a sum of Rs 37.10 crore to ICICI Bank for sanction of credit facilities in favour of its step-down subsidiary ‘Alliance Dental Care Ltd., Chennai.’
• Future Enterprises: Transfers 16.09 percent stake in Future Lifestyle Fashions Ltd to Future Corporate Resources Ltd. via block deal.
• Symphony: To close down operations of its wholly-owned subsidiary in the U.S.

Media Reports

• Bharti Airtel: Hires Ericsson to bring newly-bought spectrum into use and enhance coverage. Also, inks deal worth Rs 816 crore to boost network in Delhi. (Economic Times)

Piramal Enterprises

• Deploys Rs 425 crore in Vatika Project.
• Deployment for Vatika Group’s commercial project ‘One on One’ in Gurgaon.
• Project is said to have 2 million sq. feet of commercial space.

(Economic Times)

• Railway Stocks: Railways plans highest outlay of Rs 1.35 lakh crore for FY18. (Economic Times)
• GlaxoSmithKline: Regulator urged to stop monopoly licensing of new HIV drug ‘dolutegravir.’ (Economic Times)
• Jet Airways: To ramp up capacity on some domestic and international routes. (Business Standard)
• NTPC: Signs 160 MW PPA with Nepal Electricity Authority. (Financial Express)
• Akzo Nobel: Launches coating plant in Noida. (Financial Express)
• Westlife Development: McDonald’s expands to 97 restaurants in South India. (Financial Express)
• ICICI Bank: Files first suit since bankruptcy code revision. (Economic Times)
• Empee Distilleries: Withdraws plan to sell shares in Empee Hotels. (Bloomberg)