Stocks To Watch: HDFC Bank, SBI, Bajaj Auto, Sun Pharma And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, rose 0.5 percent to 8,239.

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

• Mahindra & Mahindra: The commercial vehicles maker appointed J.P. Morgan Chase Bank, N.A. as its overseas depositary for managing its Global Depositary Receipt programme with effect from January 03.
• SBI: Decides to exercise the call option on bonds worth Rs 1,000 crore.
• Prima Plastics: The company expanded its manufacturing facility in Cameroon (West Africa), which it operates through a joint venture company Prima Dee-Lite Plastics sarl.
• Canara Bank: The lender cuts its one-year marginal cost of funds-based lending rate (MCLR) to 8.45 percent from 9.15 percent.
• HDFC Bank: The private-sector lender reduced its one-year benchmark rate by 75 basis points to 8.15 percent.
• SAT Industries: The company to hold a board meeting on January 16 to consider allotment of equity shares and to make further investments in its subsidiary company.
• Dena Bank: The lender to hold board meeting on January 7 to consider raising of funds.
• Swan Energy: Dave Impex, the promoter of the company holding 20.81 percent stake, pledged 4.75 percent of the total share capital with Union Bank of India.
• Gati: Promoter TCI Finance's pledged share were invoked by IDFC Bank. TCI Finance now holds 6.27 percent stake in the company.
• BAFNA Pharmaceuticals: The company to hold board meeting on January 7 to consider a proposal to issue 8 million share warrants.

• Welplace Portfolio & Financial Consultancy Services: The company to hold meeting on January 9 to discuss the open offer made by Generic Engineering for acquiring the shares of the company.
• Vedavaag Systems: The company to hold board meeting on January 7 to consider preferential allotment of convertible warrants.
• Tata Elxsi: The company partners with Irdeto to provide automakers with secure in-car display systems for automobiles.
• Just Dial: The company to hold shareholder meeting on January 17, to get approval for de-merging Just Dial Global Pvt Ltd from the company.
• Gujarat State Fertilizer and Chemicals: Workers at the state-run firm called off the strike and resumed work as usual on Wednesday.
• Petron Engineering Construction: The company gets Rs 33 crore order from Shree Cement for civil works at its grinding project in Orissa.
• Som Distilleries & Breweries: The company gets required permission and approvals from statutory departments to start production from Karnataka brewery plant.
• LT Foods: The owner of 'Daawat' brand of rice has fixed February 8 as record date for the purpose of sub division of equity shares.

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Media Reports

Telecom Companies

• Reliance Jio, Tata Teleservices oppose Airtel, Vodafone plea on Telecom Regulatory Authority of India’s (TRAI) interconnect usage charges rules in High Court.
• Regulator TRAI is scheduled to meet CEOs of all telecom companies on Friday to discuss and identify important issues that need to taken up during the year.

(PTI)

State Bank Of India

• The CBI has registered a case against five SBI officials for allowing private companies to withdraw over Rs 2.49 crore in a day post-demonetisation.
• SBI partners with Coca-Cola India and Hindustan Coca-Cola Beverages to enable business transactions digitally.

(PTI)

Hindalco

• Unit Novelis to refinance $1.8b term loans for a period of 5.5 years to lower borrowing costs
• This will be the first time that debt paper of a U.S. company with Indian parentage would get subscribed by Asian and Indian banks.

(Economic Times)

Sona Koyo

• Company's promoters buy out Mahindra & Mahindra's stake in a joint venture for Rs 120 crore
• Auto parts maker, which now owns over 70 percent in Mahindra Sona, will focus on expanding brand

(Economic Times)

Fortis Healthcare

• Global private equity fund KKR in talks with the Singh brothers to acquire a controlling stake in hospital chain Fortis Healthcare
• PE firm also considering a possible structured equity transaction in RHC Holding, the holding company for Religare and Fortis brands

(Mint)

• DHFL: Mortgage firm reduced its home loan lending rates by 0.5 percent, in-line with competitors. (PTI)
• SAIL: The country's largest steel maker said it has produced 10.18 million tonnes of saleable steel in April to December period of the current fiscal, registering a 15 percent growth over the year-ago period. (PTI)
• Sun Pharma: The drugmaker announced successful phase 3 confirmatory clinical trial results for Seciera for the treatment of dry eye disease. (PTI)
• Bajaj Auto: Workers of Bajaj Auto will go on a hunger strike on January 7 and 8 in front of the company’s Akurdi plant in Pune to protest against the “anti-workers activities” of the company's management. (PTI)
• Bharat Petroleum: Oil refiner plans $1 billion bonds to refinance short-term loans. (Economic Times)
• Multi Commodities Exchange: Discussions are under way to include tea, coffee, skim milk powder and white butter on the notified list of commodities that can be traded on the futures market. (Economic Times)
• Tata Steel: The company is exploring opportunities in materials alternative to steel with the idea of introducing another product line beyond the existing one. (Business Standard)
• Muthoot Finance: Subsidiary Muthoot HomeFin to raise Rs 800 crore next fiscal to fund expansion in southern market. (PTI)
• Tata Sons: Final EGM in Feb to oust Cyrus Mistry from Tata Sons board. (Business Standard)

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