Stocks To Watch: Alkem Labs, 63 Moon Technologies, Bajaj Auto And More

The Nifty futures on the Singapore Exchange, an early indicator of the Nifty performance in India, slumped 0.5 percent to 8,591.

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

• Alkem Labs: Receives thirteen 483 observations from the U.S. FDA for its manufacturing facility in Daman. The inspection was carried out between September 20 and September 29.
• Speciality Restaurants: ICRA has re-affirmed the long-term rating of "ICRA A+" with a stable outlook.
• Asahi India Glass: Increases stake in its unlisted subsidiary, GX Glass Sales and Services Ltd. to 93.48 percent from 84.79 percent via rights issue.
• Shipping Corporation of India: Wholly-owned subsidiary ‘Inland Coastal and Shipping Ltd.’ incorporated on September 29, 2016.
• Oriental Bank of Commerce: Basel-III compliant, Additional Tier-I bond issue via private placement basis to open today.
• Electrosteel Steels: Appoints Pradeep Kumar Mishra as an independent director.
• 3i Infotech: To allot shares to lender under Debt Realignment Scheme ("DRS") package.
• Indian Overseas Bank: Brickwork Ratings revises rating of Basel-III compliant AT-1 perpetual bond issue worth Rs 700 crore to ‘BWR BBB+’ from ‘BWR A-’ with a negative outlook.
• NHPC: Signs Wind Power Purchase Agreement for 50 MW wind power project in Jaiselmer.
• Apollo Hospitals: To consider allotment of NCDs on October 4.
• Rashtriya Chemicals and Fertilizers: Issues commercial papers worth Rs 200 crore in favour of HDFC Bank.
• Tata Steel: Company approves issue of NCDs worth Rs 1,000 crore for a period of 10 years
• Sintex Industries: Board approves de-merger of custom moulding business and prefab business from Sintex industries to Sintex BAPL and Sintex Infra Projects into Sintex Plastic Technology Ltd.
• 63 Moons Technologies: Subsidiary FT Group Investments, Mauritius enters into an amended share purchase agreement with Continental Africa Holdings to sell its 100 percent stake in Bourse Africa Limited for $10.5 million.
• Seamec: Enters into an agreement with HAL Offshore Ltd. to deploy vessel Seamec II for a period of three years and with a value of $30 million.
• Sunteck Realty: Seeking shareholders’ approval for further issue of capital.
• Reliance Capital: To issue NCDs worth Rs 25 crore with an option to retain over subscription to Rs 25 crore.
• Majesco: Announces strategic partnership with an innovative provider of an on-demand live video platform for auto and home insurance - Dropin Inc.
• Aban Offshore: Acquires sale of 59 percent stake in Aban Green Power and Radhapuram Wintech for Rs 5,442 crore. Both companies contribute 0.5 percent of the revenue.
• Capital First: Approves issue of NCDs worth Rs 250 crore for a period of three years carrying interest rate of 8.65 percent.
• HCL Tech: Enters into a 15-year partnership with IBM to build industry-leading Automation and DevOps solutions.

Media Reports:

• Hindustan Copper: 13 million shares for retail investors to be auctioned today after OFS garners full subscription. (Business Standard)
• Tata Steel: Plans to add six million tonnes in capacity via brownfield expansion. (Business Standard)
• Kotak Mahindra Bank: ING sells 2.5 percent stake in the bank worth Rs 3,653 crore. (Business Standard)
• Zee Entertainment: Acquires radio business in the UAE. (Business Standard)
• Bajaj Auto: Workers at Chakan and Akurdi plants to go on 1-day hunger strike to protest delay in wage negotiations. (Financial Express)
• Reliance Industries: Jio in talks with Ericsson, Nokia and others to expand 4G sites. (Economic Times)
• Panacea Biotech: Resumes limited production of Cilamin 250 capsule used in the treatment of Wilsons disease. (PTI)
• NALCO: Government asks company to review $2 billion smelter project in Iran. (PTI)
• NTPC: Expects to commission 750 MW solar power project in Anantapur by the end of next fiscal. (PTI)

IPO Watch:

Seven SME IPOs to open on a single day to list on NSE’s platform.

• Gretex Industries
• Dhanuka Realty
• Sakar Healthcare
• Art Nirman
• Pansari Developers
• Aurangabad Distillery
• Globe International Carriers

AGMs To Watch:

• 8k Miles Software Services: To issue securities worth Rs 500 crore along with splitting shares in the ratio of 1:5. Will also add a bonus share in the ratio of 1:3.
• Aarti Industries: To issue NCDs worth Rs 300 crore on private placement basis.
• Suzlon Energy: To issue securities worth up to Rs 2,000 crore.
• RattanIndia Power: To issue equity shares worth $200 million.