Stocks To Watch: Jubilant FoodWorks, Dr Reddy’s, Karur Vysya Bank And More

The Nifty futures on the Singapore Exchange, an early indicator of the Nifty performance in India, are trading little changed at 8,805.

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

• Infosys: Wins seven Oracle excellence awards.
  
• TCS: Wins Oracle excellence award for OPN cloud program solution.
• Dr Reddy’s Laboratories: Launches the generic version of kidney disease drug -
  Zemplarijection, in the U.S. market.
  
• Asian Paints: Wholly owned subsidiary transfers its stake in Asian Paints (Lanka) Ltd., Sri Lanka, to Berger International Pvt Ltd., Singapore.
  
• Mahindra & Mahindra: Proposed NCDs of Rs 475 crore get ‘IND AAA’ rating from India Ratings while commercial paper of Rs 700 crore gets ‘IND A1+’ rating.
• Mangalam Cement: Commenced commercial production of new cement grinding unit with a capacity of 0.75 million tonnes per annum at Aligarh, Uttar Pradesh.
  
• Karur Vysya Bank: To split shares in the ratio of 1:5.
• Shoppers Stop: Opened the 82nd store in Orion Mall, Bengaluru.
  
• NBCC: Nominated as the land management agency for disposal of land assets of sick CPSEs.
• Lloyd Electric and Engineering: Awarded locomotive contract by GE Transportation for $18 million.
• Reliance Infrastructure: Amends object clause of Memorandum of Association to add setting up of trusts including Infrastructure Investment Trust and Real Estate Investment Trust, and defence business.
• Oriental Bank of Commerce: Basel III compliant additional Tier I bonds worth Rs 1,000 crore fully subscribed.
  
• Hotel Leela Ventures: Gets shareholder nod for sale/transfer of The Leela Palace, Chennai and/or The Leela Palace, New Delhi.
• Bajaj Hindusthan Sugar: Seeks shareholder nod to raise capital via Qualified Institutional Placement, Global Depository Receipts, or Foreign Currency Convertible Bonds.
• Central Bank of India: Perpetual debt instrument and Tier-II Bonds worth Rs 2,500 crore downgraded by Brickwork Ratings due to deteriorating asset quality.
  
• GTL Infrastructure: Board and corporate debt restructuring lenders agreed to adopt and implement strategic debt restructuring scheme.
  
• 63 Moons Technologies (Formerly known as FTIL): Has not received any attachment notice from the Enforcement Directorate. Files anticipatory writ petition in the Mumbai High Court.
• Edelweiss Financial Services: Edelweiss Asset Reconstruction Company Ltd.
  has now become the subsidiary of the company.
  
• ICRA: Shareholders approve sale of entire shareholding in ICRA Techno Analytics Ltd., a wholly owned subsidiary, to Nihilent Technologies Ltd.
  
• KPR Mills: To consider stock split on October 5, 2016.
• Jubilant Foodworks: CEO Ajay Kaul resigns; hunt for successor begins.
  

Media Reports

• GTL Infra: Co asks lenders to convert part debt into majority equity. Will give lenders 60 percent stake in company if approved. (Economic Times)
• Reliance Infra: Evaluating InvIT for Metro, power transmission businesses. (Business Standard)
  

AGMs To Watch

• J Kumar Infraprojects: To increase borrowing limit to Rs 5,500 crore from Rs 3,500 crore.
  
• NTPC: To raise funds of up to Rs 15,000 crore on private placement basis.
  
• Simplex Infrastructure: To approve private placement of Non-Convertible Debentures worth Rs 200 crore.
  
• Jammu & Kashmir Bank: To approve issue of NCDs worth Rs 1,000 crore.