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Stocks To Watch: ICICI Bank, Bajaj Auto, Shree Cement And More

SGX Nifty indicates a tepid start to Indian indices

A bronze bull statue stands at the entrance to the Bombay Stock Exchange building. (Photographer: Dhiraj Singh/Bloomberg)
A bronze bull statue stands at the entrance to the Bombay Stock Exchange building. (Photographer: Dhiraj Singh/Bloomberg)

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, was little changed at 8,648.

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

Shree Cement

  • To set up a 3 million tonne per annum capacity plant in Karnataka
  • Total investment said to be worth Rs 1,800 crore
  • Investment to be funded via internal accruals

Dilip Buildcon

  • Andhra Pradesh government recalls Machilipatnam to Avanigadda road project award where company was the successful bidder
  • Contract withdrawn because bid price was higher than the departmental estimate of Rs 222.90 crore

Andhra Bank

  • Officials of All India Bank Employees Association (AIBEA), All India Bank Officer's Association (AIBOA) and Bank Employees Federation of India (BEFI) have called for a strike on February 7, 2017
  • Strike on issues related to demonetisation and bad loans in banks
  • State Bank of Travancore: Sets 3-year MCLR at 8.65 percent
  • V-Guard Industries: Announces bonus shares in the ratio of 2:5
  • Vardhman Acrylics: To buyback 1,38,00,000 equity shares of Rs 10 each at Rs 50 per share
  • Tata Power: Unit Welspun Renewables Energy Pvt. Ltd. to issue debt via issuance of guaranteed, redeemable, rated, taxable, Non-cumulative, Non-Convertible Debentures worth Rs 1,200 crore.
  • Union Bank of India: To hold extraordinary general meeting on February 23 for raising funds via preferential allotment of equity shares to Government of India.
  • Pioneer Distilleries: Recommences operations of the Molasses-based extra neutral alcohol plant at its Nanded factory from January 30, 2017
  • Sasken Communication Technologies: To acquire 28.69 lakh fully paid up equity shares at Rs 410 per share.
  • Navneet Education: Incorporates subsidiary company Navneet (HK) Ltd. to source and supply products to facilitate and support international business.

Media Reports

  • NMDC, SAIL: Government begins process for strategic divestment. (Business Standard)
  • JSW Steel: Lendars wary of company's proposal to acquire controlling stake in Bhushan Steel. (Business Standard)
  • Tata Motors: JLR to keep plans of small SUV in India on hold saying that the project is 'not feasible.' (Economic Times)
  • SREI Infra: NCD issue subscribed 58 percent on Day 1. (PTI)
  • Maruti Suzuki: Sold more than 1.85 lakh vehicles via Nexa. (Bloomberg)
  • Poly Medicure: To consider free share issue on February 6. (Bloomberg)

Earnings Reaction To Watch

  • Dish TV India
  • Shree Cement
  • Bajaj Finserv
  • Emami
  • Emkay Global
  • Pfizer

Earnings To Watch Today

  • Bajaj Auto
  • Dabur
  • ICICI Bank
  • Interglobe Aviation
  • Indian Oil Corporation
  • ONGC
  • JSW Steel
  • Oil India
  • Bank of Maharashtra
  • Kansai Nerolac Paints
  • Mphasis
  • Bharat Gears
  • Cadila Healthcare
  • Capital First
  • UCO Bank
  • Welspun India
  • TTK Prestige
  • Narayana Hrudayalaya