Stocks To Watch: Bank Of India, Bank Of Baroda, TCS, Zee Entertainment And More

The Nifty Futures on the Singapore Exchange, an early indicator of Nifty’s performance in India, was trading lower at 8,693.

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

• GAIL: Approves capital grant of Rs 5,176 crore for execution of Jagdishpur Haldia / Bokaro – Dhamra natural gas pipeline project.
• NIIT: Unveils new course on www.technology.com for tech professionals.
• Repco Home Finance: Clarifies that CBI investigations will have no impact on business.
• RCF: Redeems commercial paper worth Rs 200 crore issued in September.
• Dr Reddy’s Laboratories: Announces launch of Lamotrigine Orally Disintegrating tablets in U.S.
• Excel Cropcare: Sumito Chemical India acquires 20 percent stake via open offer.
• Piramal Enterprises: Acquires five anesthesia and pain management injectable product from Jansen Pharmaceutica NV for $155 million in an all cash deal.
• Grasim Industries: Shareholders approve increasing FII limit to 30 percent from 24 percent.
• NMDC: Completes buyback of 80.08 crore equity shares at Rs 94 per share. Promoter holding now stands at 74.94 percent from 80 percent.
• MOIL: Completes buyback of 3.48 crore equity shares at Rs 248 per share. Promoter holding now stands at 75.58 percent from 80 percent.
• SREI Infrastructure Finance: To issue NCDs worth Rs 250 crore with an option to retain over-subscription up to Rs 100 crore.
• KEC International: Bags orders worth Rs 1,192 crore.
• Cipla: Received Establishment Inspection Report (EIR) from the U.S. Food and Drug Administration for its Indore facility.
• Tata Teleservices (Maharashtra): Subscriber base of 1 crore as of September 30, 2016.
• Tata Motors: To consider issuing NCDs worth Rs 500 crore on October 18, 2016.
• Titan: Exploring opportunities in personal lifestyle categories which may include setting up new stores.
• Cera Sanitaryware: Commercial production at associate M/s. Packcart Packaging LLP has started successfully.
• V2 Retail: Opens a new store in Haridwar. Currently, has 31 stores in operation.
• IL&FS Engineering Services: Bags pipeline laying contract worth Rs. 162.58 crore from GAIL.
• ICICI Bank: Bank decides to redeem its perpetual non-cumulative subordinated debt securities worth $34 million issued via its Bahrain branch on August 24, 2016.
• Mahindra And Mahindra: Ssangyong Motor signs LOI for a joint venture with Shaanxi Automobile Group of China for a production facility with a capacity of 150,000 CBU vehicles by the end of 2019.

Media Reports:

• ONGC: ONGC Videsh Ltd. to raise bridge loan worth $900 million for six to nine months from overseas financial institutions to finance Vankor buy. (Mint)
• Bank of India, Bank of Baroda: Both banks maybe merged in the coming fiscal year once a clean-up of bad assets has run its course. (Reuters)
• IOC: To lay India’s longest LPG pipeline to address growing demand. (PTI)
• Schneider Electric: To invest Rs 750 cr in India over next 3-5 years in R&D. (PTI)
• MT Educare: In talks with private equity firms and structured finance funds to raise as much as Rs 150 crore. (Mint)
• Sun Pharma: Will release salary to ex-Ranbaxy Medical Representative’s using company app. (PTI)
• Zee Entertainment: To Buy Reliance’s broadcast business in a Rs 1,872 crore deal. Will initially buy 49 percent with the commitment to buy the remaining 51 percent. (Economic Times)

Earnings Reactions To Watch:

• Gruh Finance
• IndusInd Bank

Earnings Today:

• Tata Consultancy Services
• Cera Sanitaryware
• Cyient
• Orissa Sponge Iron and Steel
• Reliance Industrial Infrastructure

Macro Data:

• India's industrial output in August fell to 0.7 percent from a year ago.
• Consumer Price Index for September expected this evening.