Stocks To Watch: SpiceJet, Tata Motors, Wockhardt, HDFC & More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, rose 0.3 percent to 8,316.

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

Wockhardt

• German regulator has issued European Union Good Manufacturing Practice certificate to the company's Ankaleshwar facility in Gujarat.
• Earlier this week, it had received a warning letter from U.S. FDA for the same plant.

• HDFC: The mortgage lender will consider raising funds up to Rs 35,000 crore via non-convertible debentures (NCDs) on January 30.
• GE Power: The company gets contract worth Rs 198 crore from NTPC Alstom Power Services for steam turbine upgrade project.
• Credit Analysis and Research: Intimates of closure of its Maldives branch office.
• Jubilant Lifesciences: The pharmaceutical firm issued commercial papers worth Rs 50 crore at a coupon rate of 6.79 percent per annum.
• Piramal Enterprises: The company's subsidiary Piramal Finance to make application to National Housing Bank for incorporating a housing finance company as subsidiary.
• Sagar Cement: The company reported a 5.47 percent decline in cement production for December at 1,00,929 bags.
• Birla Corp: The company seeks board members' nod for renewal of issue of NCDs.
• Mastek: U.S. unit of Mastek acquired TAISTech for an undisclosed amount.
• Parag Milk Foods: Sales tax authorities conducted an inspection at the offices of the company and reclassified few transactions of goods as local sales.
• GM Breweries: December quarter net profit down 36 percent to Rs 9.9 crore.
• PVV Infra: PVV Satyanarayana, promoter of the company, acquired an additional 0.5 percent stake in the company. The total holding increased to 5.15 percent.
• Reliance Power: The company promotes Suresh Nagarajan, currently senior executive vice president, to the position of Chief Financial Officer.

Also Read: Jubilant Life Sciences Outperforms Pharma Biggies

Media Reports

SpiceJet

• Budget airline is poised to order at least 92 Boeing Co. 737 jetliners.
• Deal may be closed within weeks.
• The 92 Max jets would be valued at about $10.1 billion at current list prices.

(Bloomberg)

Neyveli Lignite

• State-owned lignite mining and power generating company may buy Ind-Barath’s 700MW Odisha plant
• Deal size estimated at Rs 5,000-5,600 crore

(Mint)

• Tata Motors: The automaker signed a three-year agreement with Castrol under which the lubricants maker would supply commercial vehicle oils to Tata Motors in over 50 markets. (PTI)
• Oil & Natural Gas Corp: Global offshore drilling contractors including Transocean Inc have offered deep-sea drilling rigs to Oil and Natural Gas for its KG-D5 gas field developments. (PTI)
• Grasim Industries: A producer of viscose staple fibre has sought a ‘fibre neutral’ policy from the government by removing 12.3 percent excise duty. (PTI)
• Reliance Communications: Two promoter entities of Reliance Communications have pledged around 11 crore shares of the company, worth about Rs 374 crore. (PTI)
• Cheviot Co, Ludlow Jute & Specialities: Government imposed anti-dumping duty ranging on imports of jute and its products from Bangladesh and Nepal to protect domestic industry. (PTI)
• Monnet Ispat & Energy: Lenders to the company have restarted the process of selling a majority stake in the company. (Mint)
• I.T. Companies: A bill backing key changes in the H-1B programme that allows skilled workers from countries like India to fill high-tech jobs in the US has been re-introduced in the US Congress by two lawmakers. (Economic Times)
• SRS Ltd: State Bank of India, the lead banker of the diversified business group SRS, has put its multiplex business up for sale. (Economic Times)
• Reliance Industries: About 85 percent of customers using Reliance Jio during its free offer period will continue to use it even after the telco starts charging for data services from April 1, a survey by Bank of America Merrill Lynch has shown. (Economic Times)
• Glenmark, Torrent Pharmaceuticals: French drug maker Sanofi has sued Glenmark and Torrentin a U.S. court over their plans to launch a generic version of its multiple sclerosis drug, Aubagio. (Business Standard)

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