Stocks To Watch: Wockhardt, Hero Moto, Axis Bank, Manali Petro And More

The Nifty futures on the Singapore Exchange, an early indicator of the Nifty performance in India, are little changed at 8,786.

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

• Hero Motocorp: Records highest-ever sales in a month by selling 6.74 lakh units, a jump of 11 percent in September
• Wockhardt: U.S. Food and Drug Administration (USFDA ) excluded the product Ceftriazone Sodium from import alert.
• Dhampur Sugar Mills: Approved acquisition of 4.28 lakh equity shares of DETS Ltd. which is 51 percent of the share capital at Rs 33 per share. DETS Ltd. now becomes the subsidiary of the company.
• Manpasand Beverages: To raise Rs 500 crore by allotment 70.1 lakh equity shares at an issue price of Rs 705 per share to eligible qualified institutional buyers.
• Ashoka Buildcon: Seeks shareholders’ approval to increase borrowing limit to Rs 12,000 crore.
• Bhushan Steel: Shareholders approve issue of redeemable cumulative preference shares for an aggregate amount of Rs 1,155 crore.
• Reliance Infra: Increased shareholding in SU Toll, TD Toll & TK Toll from 49 percent to 98 percent at Rs 115.29, Rs 100 and Rs 114.83 per share respectively.
• Unitech: Delhi High Court passes order in favour of buyers on the first motion filed by various applicants who were home buyers from Unitech.
• Usher Agro: Receives winding up petition filed against it by CFSIT Inc., U.S.A and PT Bank Maybank Indonesia TBK for dues amounting to Rs 82 crore along with interest.
• VST Tillers Tractors: Sold 1,432 power tillers and 1,008 tractors in September 2016.
• Filatex India: Started manufacturing 115 TPD fully drawn yarn and 200 TPD of drawn textured yarn in Dahej, Gujarat.
• GTL Infrastructure: Will decide on conversion of FCCBs into equity shares worth $5.5 million today.
• HCL Tech: Wins best AI Innovator AIconics Award for DRYiCE.
• Anik Industries: To invest funds of Rs 170 crore in projects and acquisition.

Reports From PTI:

• SBI: Becomes the first domestic bank to open a branch in Yangon.
• Hindustan Zinc: Enters Rs 1 lakh crore market cap league.
• Karnataka Bank: Signs MoU with Birla Sun Life.
• Mahanagar Gas: Cuts CNG, PNG prices by up to Rs 1.60
• Continental Warehousing Corp: Files IPO papers with SEBI.
• PNB: Cuts fixed deposit rates by as much as 0.3 percent.
• NTPC: Pays Rs 1,995 crore as dividend to Government of India.
• NHPC: Extends PPA with buyers for two Sikkim plants by 35 years.
• Spectrum Auction: Day 2 closes with bids worth Rs 56,872 cr

SEBI Updates:

• Penalises Piramal Enterprises with a fine of Rs 6 lakh in insider trading matter.
• Hikes FPI investment for government debt.
• Exempts Analjit Singh's trust from open offer obligation.

Media Reports:

• Axis Bank: Sells Essar Steels debt worth Rs 1,000 crore, at 50 percent discount to book value. (Financial Express)
• Manali Petro: Buys UK’s Notedome for Rs 120 crore. (Financial Express)
• MCX: Looks to launch options trading in Q4FY17. (Financial Express)
• Sun Pharma: Plans to sell products online after tying up with Nykaa. (Business Standard)
• Vedanta: To pump $300 million into Hindustan Zinc. (Economic Times)
• Mahindra CIE Auto: Interested in Amtek’s overseas assets. (Business Standard)
• InterGlobe Aviation: Approaches buyout firms for a deal as InterGlobe Tech looks to sell major stake. (Economic Times)
• Pharma Companies: Centre plans major surgery on drug policy with price curbs on fewer drugs, no need for plant permit renewal, push to R&D on the anvil. (Economic Times)

Listing Today:

• HPL Electric & Power: At a price band between Rs 175-202 per share.