Stocks To Watch: NBCC, Titagarh Wagons, REC, IIFL Holdings And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, was little changed at 8,811.

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

NBCC (India)

• Secured business worth Rs 187.49 crore in the month of January
• Signed MoU with Ministry of Tourism and State Government of Jammu and Kashmir for development of tourist facilities
• Facilities at Gulmarg, Baramulla, Leh and Kupwara value at Rs 96.92 crore.

Titagarh Wagons

• Receives letter of intent from National Institute of Ocean Technology
• LoI for design, construction and delivery of two coastal research vessels worth Rs 100 crore

Panyam Cements

• Porinju Veliyath bought 0.1 million shares at Rs 67.5 per share
• Chetan Rasiklal Shah bought 0.17 million shares at Rs 67.64 per share.
• Copthall Mauritius Investment, Deutsche Securities Mauritius and Indian Overseas Bank sold 2.25 million shares.

Rural Electrification Corporation

• Enters into an MoU with Karnataka Power Corporation (KPCL) and Bangalore Electricity Supply Company (BESCOM)
• To extend financial assistance to the tune of Rs 39,121 crore for the next five years
• KPCL to get Rs 27,121 crore while BESCOM to receive Rs 12,000 crore

• Vijaya Bank: Members of the All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI) withdraw their decision to go on an all India bank strike today

• Bank of Maharashtra: Lowers MCLR in the range of 10-20 basis points depending on maturity
• Ambuja Cements: Denies any knowledge of parent company mulling a merger with ACC
• IIFL Holdings: IDFC Bank purchases 15.85 million shares from Copthall Mauritius Investment at Rs 317 per share totalling to 5 percent stake worth Rs 502 crore.
• Samtex Fashions: Chetan Rasiklal Shah bought 0.5 million shares at Rs 12.62 per share
• Lypsa Gems & Jewel: Nomura Singapore bought 0.13 million shares at Rs 66 per share

Media Reports

• Idea Cellular: Discussing sale of tower assets with Bharti Infratel and ATC in two separate deals. (Mint)
• United Spirits: Diageo may make another open offer to USL. (Economic Times)
• IDBI Bank: CBI says officials relaxed loan rules for Kingfisher Airlines. (Economic Times)
• Sugar Companies: Millers asked to keep retail rates of sugar below Rs 42 per kilogram. (Economic Times)
• IOC: May move court if Odisha withdraws tax sops. (Economic Times)
• Hindustan Zinc, IDBI Bank: Government could divest stake in both the companies via the new Exchange-traded Fund (ETF) (Economic Times)
• Oberoi Realty: To enter affordable housing space. (Business Standard)
• Jet Airways: To expand fleet to regain market share. (Business Standard)
• HPCL: Plans to raise $500 million via bond issue. (Mint)
• GAIL: May remain a separate vertical under the planned mega oil firm. (Financial Express)
• Coal India: Plans to acquire assets overseas. (Business Standard)
• D-Mart: May seek IPO valuation at Rs 18,000 crore. (Economic Times)
• IDBI Bank: Reduces MCLR by 30-35 basis points. (Financial Express)
• YES Bank: Reduces one-year MCLR by 10 bps to 8.85 percent. (Financial Express)

Earnings To Watch Today

• BHEL
• Tata Steel

• Punjab National Bank
• IDBI Bank
• Hexaware Technologies
• Titan
• Procter & Gamble Hygiene
• Sadbhav Infrastructure Projects
• Jubilant Life Sciences
• NHPC
• Greenlam Industries
• CEAT
• Future Retail
• Gillette India