Stocks To Watch: Dr Reddy’s Labs, Bharat Electronics, Power Grid And More

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 8,918.

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

Dr Reddy's Laboratories

• U.S. FDA completes the audit of the company's API manufacturing plant at Miryalaguda
• The company has been issued a form 483 with three observations

Bharat Electronics

• Government to sell up to 1.11 crore shares via Offer For Sale (OFS)
• Floor price of Rs 1,498 is at a 4 percent discount to Tuesday's closing price
• Offer to be open for Non-retail investors on February 22
• Offer to be open for retail investors on February 23

Power Grid

• Declared as the successful bidder under tariff based competitive bidding
• Bid was to establish the 765kV Strengthening in the eastern region on build, own, operate and maintain basis
• The company has received the letter of intent

Tata Chemicals

• Haldia plant to remain shut till April 15, 2017
• Shutdown on account of ammonia pipeline relocating project hook up and commissioning
• Planned repair and maintainance work also on the agenda
• Operates a fertiliser plant in Haldia where ammonia is used as one of the feedstock

• Tata Steel: Hot metal production at blast furnace of Kalinganagar plant crosses 2 million tonnes
• Coal India: Board to consider interim dividend for FY17 on March 6, 2017
• Apollo Hospitals: Board to consider Redeemable NCD issue worth Rs 200 crore to institutional investors, banks and financial institutions
• Electrotherm (India): Issued 12.66 lakh equity shares representing 9.94 percent of the post allotment capital at Rs 225.75 per share
• Mercantile Ventures: Ajara Ventures Ltd. formerly known as Coromandel Growth Fund Ltd. has become the company's subsidiary
• Castrol India: Q4 net profit at Rs 156 crore, beats estimates of Rs 124 crore
• ITD Cementation: Q4 profit at Rs 1.3 crore against Rs 3 crore last year

Media Reports

• ONGC: Likely to pick up government's stake in HPCL and BPCL (Economic Times)
• Tata Motors: In advance stage of finalizing a partnership with Volkswagen for sharing vehicle architecture and technology. (Economic Times)
• HDFC Bank: RBI & SEBI to take a final call on purchase in the bank by foreign investors on Friday. (Economic Times)
• Sugar Stocks: Mills asked to clear their arrears
• ONGC: Likely to take a Rs 2,500 crore hit on its Q4 profit towards royalty to the state of Assam. (Financial Express)
• ITC: To hike cigarette prices by up to 13 percent. (Mint)
• South Indian Bank: Rights issue to open on February 28. (Mint)
• Tata Motors: Makes first addition to its Range Rover SUV line since 2010. (Bloomberg)