Stocks To Watch: United Spirits, Britannia, Sterlite Technologies And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, gained 0.2 percent to 8,425.

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

• State Bank of India: The nation's largest lender has hit the international debt market with a benchmark issue to raise around $500 million as part of its $10-billion medium-term notes programme.
• Hinduja Ventures: Company divests 6,11,47,056 equity shares of Hinduja Energy at an aggregate value of Rs 187.10 crore.
• Ideal Texbuild: Company enters into agreement with Rite Developers for development of residential flat in the name of Rite Luxuria.

• Mercator: Company set QIP issue price at Rs 40.75 after giving a discount of 4.79 percent.
• Orient Papers: Company’s October production rose 2.2 percent compared to a month earlier while domestic sales decline about 12 percent in the same period.
• Indraprastha Gas: Company said no settlement reached with North Delhi Municipal Corp on Rs 800 crore dispute.
• Reliance Defence & Engineering: Company denied report of any interest in ABG Shipyard.
• Quess Corp: Shareholders approved issue of non-convertible debentures (NCDs) worth Rs 150 crore.
• Bharat Wire Ropes: Company has booked orders worth Rs 8 crore, with defence orders comprising nearly Rs 6.5 crore.
• Vijaya Bank: Lender raised Basel III compliant additional tier – I bond worth Rs 325 crore through private placements.
• Sadbhav Infrastructure Project: Company revised share purchase agreement related to Maharashtra Border Check Post Network.
• Tata Motors: N Chandrasekaran has been appointed as additional director and chairman of the board.
• Capital First: Company has raised Rs 500 crore by issue of NCDs on private placement.

Also Read: BSE Plans To Maintain Its Dividend Payouts After IPO

Media Reports

United Spirits 

• Diageo Plc is considering increasing its majority stake in United Spirits
• Diageo has a 55 percent stake in United Spirits, which has a market value of about $4.5 billion

(Bloomberg)

Britannia Industries

• Company trying to reinvigorate Tiger brand
• Eyes breakfast and premium segments

(Mint)

• Steel Authority of India: Government will not go in for "distress sale" of three SAIL subsidiaries and rather look for a management that will turn around the units. (PTI)
• Tata Power: Tata Power has told holding company Tata Sons that due process was followed in the award of contracts to M Pallonji & Co, rebutting allegations made in an affidavit filed by Cyrus Mistry's investment firms. (Economic Times)
• Bharti Airtel: Telecom tower companies such as American Tower Corp and Bharti Infratel are exploring investments in fibre optic networks and small cells to create additional revenue opportunities. (Economic Times)
• Jain Irrigation Systems: London-based metals and mining company Vedanta Resources and micro-irrigation company Jain Irrigation are raising about $1 billion via dollar bonds. (Economic Times)
• Cairn India: Company will have to give the government an additional 10 percent share in profit petroleum after the renewal of its contract for Rajasthan oil and gas field. (Economic Times)
• Cadila Healthcare: Company set to buy California-based speciality pharma firm Sentynl Therapeutics for $171 million. (Economic Times)
• SpiceJet, Jet Airways: Domestic air passenger traffic rose nearly 24 percent in December 2016 to 95.52 lakh from 77.09 lakh a year ago. (PTI)
• Public Sector Banks: Hit by demonetisation and mounting bad loans, some public sector banks may skip paying dividend which will have implications for government receipts in the current financial. (PTI)
• Hindustan Zinc: India is seeking a dividend of up to $2.2 billion from partly state-owned Hindustan Zinc. (Reuters)
• Radico Khaitan, United Breweries: Bihar decides to shut down liquor factories. (Business Standard)
• Oil & Natural Gas Corp: State-owned ONGC expects to scale peak output of about 5 million standard cubic meters per day from its Vashishta gas field in KG basin by July this year. (PTI)
• Idea Cellular, Bharti Airtel: Telecom service provider Vodafone announced up to four times more data for 4G customers buying 1 GB and 10 GB packs. (PTI)

Also Read: Richest 1% Own 58% Of Total Wealth In India: Oxfam

IPO Watch

Madhav Copper

• Company’s IPO opens on January 23
• IPO priced at Rs 81 per share; to raise Rs 4.48 crore

Earnings Watch

• Agro Tech Foods
• Hindustan Oil Exploration
• Hindustan Media Ventures
• Hatsun Agro Product
• International Paper APPM
• Muthoot Capital Services
• Kirloskar Industries
• KPIT Technologies
• Sasken Communication Technologies
• Phillips Carbon Black
• Repro India
• Sterlite Technologies