Stocks To Watch: Tata Steel, BPCL, SBI, Bank Of Baroda And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, gained 0.4 percent to 8,836.

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

Aurobindo Pharma

• Forays into development of bio-similars through acquisition of four products
• Acqusition of products from TL Biopharmaceutical AG
• Three of the four bio-similars are monoclonal antibodies in oncology

Also Read: Aurobindo Pharma’s Third Quarter Profit Rises 6.3% But Misses Estimates

Bharat Petroleum Corporation

• Refining margins boost third quarter profit by 47 percent
• Declares interim dividend of Rs 19.5 per share
• Government of India to receive Rs 1,549 from BPCL

Also Read: Improved Refining Margins Lift BPCL’s Profit In Third Quarter

Sundaram-Clayton

• Plans to invest Rs 400 crore over 3 years to expand facilities in India
• Investment will be used to increase its capacity to 70,000 MT from current 60,000 MT
• Plans to invest an additional Rs 350 crore in its U.S. facility
• Investment in U.S. to create 10,000 MT capacity over a period of five years

GPT Infraprojects

• Bags an order worth Rs 217 crore from Rail Vikas Nigam Ltd.
• Order to be completed within 36 months
• Current orderbook for company stands at Rs 1,861 crore while order inflow is at Rs 639 crore

Welspun India

• Enters into a strategic agreement with Cotton Egypt Association
• Agreement to create a program for promotion of Egyptian Cotton logo
• Proposes to invest a sum of $3 million in stages over the next few years

Tata Chemicals

• Approves an investment of Rs 270 crore for setting up a biotechnology unit in Andhra Pradesh
• Approves an investment of Rs 295 crore for setting up a plant to manufacture precipitated highly dispersible silica in Gujarat

• Tata Steel: Signs definitive agreement with Liberty House group for the sale of its speciality steel business for a total consideration of £100 million

• ICRA: Board of directors approve buyback of a maximum of 88,888 equity shares for price not exceeding Rs 4,500 crore. Total buyback consideration will be Rs 40 crore.
• ITI: Board of directors approve the issue and allotment of 8 crore equity shares of Rs 10 each amounting to Rs 80 crore to the President of India
• Reliance Capital: Raising Rs 20 crore from debt market
• Ind-Swift Laboratories: Fire breaks out in one of the manufacturing blocks of the company in Punjab. No casualties but loss of goods being assessed.
• Trent: Board of directors pass a resolution for raising of funds through issue of commercial paper of up to Rs 100 crore
• Magma Fincorp: Board of directors approved issue of NCDs worth Rs 2,000 crore in one or more tranches via private placement
• Central Bank of India: To raise Basel III compliant bonds of up to Rs 500 crore
• United Bank of India: Lowers its interest rate in the range of 25-50 basis points depending on the maturity and amount
• Jagran Prakashan: Shareholders approve company's buyback plan.
• Sagar Cements: Sold 1,62,119 million tonne of cement in January which was 5.3 percent lower compared to last year.
• IMP Powers: Bags an order worth Rs 52 crore from Haryana Vidyut Prasaran Nigam Ltd. to manufacture and supply 2,100 MVA power transformers.
• Sical Logistics: Gagandeep Credit Capital Pvt. Ltd. bought 9.1 lakh shares for Rs 232.31 per share
• Aptech: Ashish Kacholia bought 6.83 lakh shares for Rs 225.59 per share.

Media Reports

• Kotak Mahindra Bank: Executive Vice-Chairman refuses to comment on 'speculation' about merger with Axis Bank. (Economic Times)
• Telecom Companies: Debt-hit telecom companies may seek fiscal relief to boost cash flow along with relief on airwaves and licence fee payment. (Economic Times)
• Indian Hotels: To bring all its properties under 'Taj' brand. (Economic Times)
• HDFC: IRDA seeks legal opinion on Max-HDFC merger. (Economic Times)
• Punjab National Bank: Plans to drag 250 defaulters to National Law Tribunal. (Business Standard)
• National Stock Exchange: Shuts down power trading platform Power Exchange of India ahead of IPO. (Business Standard)
• United Breweries: Beers sales could drop as much as 40 percent on highway sales ban. (Business Standard)
• Grasim Industries: Added to MSCI Emerging Market index. (Bloomberg)

Earnings Reaction To Watch

• Power Grid
• BPCL
• Aurobindo Pharma
• SAIL

Earnings To Watch Today

• SBI
• Bank of Baroda
• Mahindra And Mahindra
• Hindustan Zinc
• Bosch
• Tata Power
• BEML
• Berger Paints
• GAIL
• Dredging Corporation of India
• CESC
• Chambal Fertilizers & Chemicals
• Balkrishna Industries
• Corporation Bank
• IPCA Labs