Stocks To Watch: Reliance Industries, ABG Shipyard, Delta Corp And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, gained 0.1 percent to 8,442.

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

Reliance Industries

• December-quarter profit up 4.1 percent, beats analysts’ estimates
• Gross refining margins stood at $10.8 per barrel versus $10.1 per barrel in the previous quarter

Tata Global Beverages

• Company to divest its stake in its joint venture, Zhejiang Tata Tea Extraction
• Deal for an estimated enterprise value of Rs 33 crore

Hindustan Zinc

• Posts 44 percent jump sequentially in mined metal production for December quarter
• Company gets environment clearance for expansion of Sindesar Khurd mines and Zawar mines

Titan

• Tata Group firm to discontinue its jewelery brand 'Gold Plus'
• 'Gold Plus' to be merged with its flagship offering Tanishq

Pokarna

• Unit Pokarna Engineered Stone Ltd (PESL) gets exclusive right to use bretonstone technology in India till March 2020
• PESL plans to expand quartz surface production capacity by 130 percent with an investment of Rs 325 crore

Also Read: Maintaining high margins may no longer be possible, says Asian Paints

• Delta Corp: The gaming firm gets licence for operating a casino in Gangtok, Sikkim.
• Suzlon Energy: Company gets 10,000 megawatt installed wind energy milestone in India.
• Eastern Treads: The maker and supplier of treads gets an order from Karnataka State Road Transport Corp and Rajasthan State Road Transport Corp for supply of tyre re-treading materials.
• Raminfo: Company signs memorandum of understanding with eGram Society of Gujarat state for delivery of B2C services.
• Duke Offshore: Company gets a contract for its high speed crew boat Duke Command.
• Ester Industries: Company plans to setup a research and development and innovation facility at Gurgaon at an approximate cost of Rs 50 crore.
• Tata Consultancy Services: Software maker partners with Aurus to enhance omnichannel payment solutions with OmniStore.
• TeamLease Services: Company to buy Keystone Business Solutions for Rs 8.2 crore.
• Jay Bharat Maruti: Company posts a 29 percent rise in December-quarter net profit. Board approves issue of non-convertible debentures for up to Rs 150 crore.
• Cosmo Films: Company’s unit CF Global Holding Mauritius has ceased its activities and filed an application for winding up.
• Jagran Prakashan: Says unit starts Jamshedpur radio broadcast.
• Shriram EPC: Company to consider issue of shares to corporate debt restructuring lenders, another private company on January 19.
• Crompton Greaves: Promoter Avantha Holdings released pledge on 4 percent of the total share capital. Total pledged holding is currently 23.56 percent of the total share capital.
• Shriram Transport Finance: Company approved issue of rupee-denominated bonds worth Rs 175 crore.
• Hindustan Petroleum Corp: Oil refiner gets shareholders’ approval for issue of NCDs worth Rs 6,000 crore.
• HCL Technologies: Company’s wholly-owned subsidiary, HCL America Inc has made some clarification against claims and allegations made by CultureSphere Inc, a California-based company.
• Infosys: Tech firm announced its internal carbon price at $10.5 per tonne of CO2e at an event in Zurich.

Media Reports

Fortis Healthcare

• Japanese drugmaker Daiichi moves Delhi High Court to block Fortis stake sale
• Fears sale would dilute assets and hamper bid to recover damages from promoters

(Economic Times)

GVK

• Billionaire Prem Watsa’s Bangalore International Airport investment plan gets government approval
• The clearance had been pending for close to a year at the aviation ministry

(Economic Times)

ABG Shipyard

• Reliance Defence & Engineering, Shapoorji Pallonji Group and Liberty House Group of U.K. have shown interest in buying debt-ridden company
• Investment banking firm Rothschild is advising the company on its sale plan

(Mint)

SpiceJet, Jet Airways, Interglobe Aviation

• Aviation Ministry seeks duty cut for jet fuel
• Government had raised the duty when crude prices fell to below $30 but prices have doubled now

(Economic Times)

• Vedanta Ltd: Parent firm Vedanta Resources Plc has approached investors to raise as much as $1 billion to refinance its debt. (Mint)
• Oil Refiners: The government ruled out reverting to the system of subsidising auto fuel. (PTI)
• Tech Mahindra: IT services company plans to hire over 100 engineers in a centre in Dublin that would focus on robotics and automation, business analytics, cloud infrastructure and digital services. (PTI)
• Coal India: State-owned firm is looking at appointing a merchant banker to assist it in acquiring assets overseas so as to enhance the nation's energy security. (PTI)
• Tata Steel: Company’s Noamundi iron ore mine becomes the first mine in the country to introduce drone technology in mine monitoring. (Economic Times)
• Reliance Industries: Company’s telecom subsidiary Jio has garnered 72.4 million subscribers within four months of commencement of services. (PTI)
• Bharat Heavy Electricals: Company commissions 500 megawatt thermal unit in West Bengal. (Financial Express)
• Muthoot Finance: Company plans to raise Rs 1,400 crore by issuing non convertible debentures (NCDs). (Financial Express)
• HDFC: Mortgage lender to raise Rs 800 crore via NCDs. (PTI)

IPO Watch

• Security & Intelligence Services gets market regulator SEBI's nod for an initial public offering (IPO)
• Company to raise an estimated Rs 500 crore through IPO

Earnings Watch

• Delta Corp
• Can Fin Homes
• Havells India
• Mastek
• NIIT Technologies