Stocks To Watch: L&T, HDFC, Maruti, ONGC And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, fell 0.5 percent to 8,628.

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

Maruti Suzuki

• Hikes prices across models from anywhere between Rs 1,500 and Rs 8,014
• Price hike effective from January 27, 2017
• Increase in commodity, transportation and administrative costs reasons cited for hike

GAIL

• Issues clarification on bonus issue
• To credit bonus shares to shareholders by March 25, 2017
• Declared bonus shares out of free reserves made from profits

SRS

• To sell its entire investment in its wholly-owned subsidiary SRS Worldwide (FZC) in Sharjah, UAE
• Stake sale to focus completely on operations in India
• Subsidiary contributed 9.35 percent to the consolidated turnover of the company in FY16
• Company is yet to find a suitable buyer for the same.

Kalindee Rail Nirman

• Secures an order worth Rs 197 crore from Dedicated Freight Corridor Corporation of India
• Order for design, supply, construction of track and track related works for Eastern Dedicated Freight Corridor

Gujarat Alkalies and Chemicals

• Board approves establishment of Poly Aluminium Chloride plant at Sodium Cyanide Complex, Vadodara
• Estimated project cost of 32,000 tonnes per annum plant at Rs 22 crore
• Project estimated to increase topline by Rs 33 crore
• To be completed in 12 months
• Funding via internal accruals.

GPT Infraprojects

• JV with Hari Constructions bags an order worth Rs 90.5 crore
• Project expected to be completed in 18 months
• Order inflow at Rs 422 crore, while the order book stands at Rs 1,760 crore

• Balrampur Chini Mills: To sell entire stake in subsidiary Indo Gulf Industries Ltd. to Ganesh Explosives Pvt. Ltd. for Rs 20.64 lakh.

• SPML Infra, Om Metals Infraprojects: Joint venture firm gets letter of intent from Rwanda Agriculture Board worth $16.58 million for development of irrigation and watershed development in the Mpanga sector.
• Bharat Electronics: Board clears stock split in ratio of 1:10
• Reliance Capital: Issues non-convertible debentures worth Rs 25 crore
• Godawari Power and Ispat: Awarded long-term coal linkages in the recently concluded auction by Coal India. Linkages to fulfill 75 percent of the company's coal requirement.
• Jubilant Lifesciences: Issues non-convertible debentures worth Rs 495 crore
• Fineotex Chemicals: Board of directors confirm closure of share buyback after trading on January 31, 2017
• GMR Infrastructure: Subsidiary Kakinada SEZ Ltd. signs MoUs with five companies to set up manufacturing units in Kakinada SEZ for a total investment of Rs 7,000 crore.

Media Reports

• Tata Steel: U.K. workers back company's pension plan. (Economic Times)
• Future Lifestyle Fashions: Raises Rs 250 crore via compulsorily convertible preference shares (CCPS). (Economic Times)
• Schneider Electric: Competition Commission of India clears deal with Luminous Power. (Business Standard)
• ONGC: To invest $5.1 billion to develop oil findings of Andhra Pradesh coast. (PTI)
• HPCL: Signs pact with GAIL and Andhra Pradesh government for Rs 40,000 crore petrochemical project. (PTI)
• Tata Steel: Seeks board approval to expand Odisha plant capacity to 8 million tonnes per year. (Bloomberg)
• Reliance Infrastructure: Looks for options to further refinance part of debt taken for Mumbai Metro Rail. (Mint)
• Tata Sons: To hike stake in Tata Motors, Tata Steel, Tata Power, Tata Chemicals and Indian Hotels by 5 percent. The total cost for stake hike is at Rs 12,500 crore. (Business Standard)
• Aditya Birla Fashion and Retail: To close down its Pantaloons in High Street Phoenix today. (Financial Express)

Earnings Reaction To Watch

• Larsen & Toubro: Q3 consolidated profit jumps 39 percent. Revenue guidance cut to 10 percent from 15 percent.

Also Read: Larsen & Toubro’s Third Quarter Profit Jumps 39 Percent; Revenue Growth Guidance Pared

• Just Dial
• India Cements
• Avanti Feeds
• Kewal Kiran Clothing
• Zuari Agro Chem
• Thyrocare Technologies
• Granules India
• Sunflag Iron And Steel Company
• Orient Bell
• IFB Agro Industries
• Vardhman Acrylics
• Thirumalai Chemicals
• Siyaram Silk Mills
• Shrenuj & Company
• Kiri Industries
• Mangalore Chemicals & Fertilizers

Earnings To Watch Today

• HDFC
• Tech Mahindra
• Bajaj Finance
• Godrej Consumer Products
• Grasim Industries
• Dish TV India
• Bajaj Finserv
• Zydus Wellness
• Walchandnagar Industries
• V-Guard Industries
• V-Mart Retail
• Southern Petrochemicals Industries Corporation
• TIL
• Texmaco Infrastructure & Holdings
• Dalmia Bharat Sugar and Industries
• Nava Bharat Ventures
• Monsanto India
• Info Edge (India)
• Pfizer
• Shree Cement
• Shriram City Union Finance