Stocks To Watch: Divi’s Labs, Hindustan Zinc, Just Dial, Vedanta

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.34 percent to 9,080.

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

DLF

• Realigns current shareholding in joint venture companies with entities owned by the erstwhile Merrill Lynch Real Estate Fund
• Change for development of seven residential projects in Bengaluru, Chennai, Kochi and Indore
• DLF Home Developers Ltd. no longer holds any stake in DLF Southern Homes Pvt. Ltd. and DLF Homes Rajapura Pvt. Ltd.
• DLF Southern Towns Pvt. Ltd. and DLF Garden City Indore Pvt. Ltd. have become wholly-owned subsidiaries of DLF Home Developers Ltd.

Dilip Buildcon

• Signs MoU with Shrem Infraventure Pvt. Ltd. for execution of Tuljapur-Ausa road project
• Shrem to invest 49 percent of the equity share capital in the SPV to be incorporated for the said project
• Dilip Buildcon to hold the remaining 51 percent stake
• Shrem will acquire the remaining 51 percent on completion of two years of commercial operation from the date of commencement

Axiscades Engineering Technologies

• Board approves investment in wholly-owned subsidiaries
• To increase equity of Axiscades GmbH by 1.25 lakh euros in one or more tranches
• To invest Rs 15 crore in Axiscades Aerospace and Technologies Pvt. Ltd.

• Divi's Labs: Receives import alert from U.S. FDA for its Visakhapatnam unit under clause 66-40 and 99-32 of the FDA regulations
• Vedanta: Subsidiary Hindustan Zinc Ltd. declares special interim dividend of Rs 27.50 per share of Rs 2 each for FY17.

Also Read: Hindustan Zinc’s Highest Ever Dividend Payout Fails To Meet Government Target

• Bank of Baroda: Allots additional tier-I, Basel-III compliant bonds on private placement basis.
• Speciality Restaurant: Reliance Nippon Life Asset Management sold 0.48 percent stake in the company on March 20, 2017. Current holding stands at 3.19 percent
• Indiabulls Real Estate: Operations committee of the board allots NCDs aggregating Rs 100 crore on March 17, 2017.
• Delta Corp: Board approves proposal to raise Rs 750 crore via QIP
• Indian Overseas Bank: Receives Rs 1,100 crore as capital infusion from the Government of India as part of the turnaround linked capital infusion plan.
• Just Dial: National Company Law Tribunal approves scheme of arrangement between Just Dial Ltd. and Just Dial Global Pvt. Ltd.
• Petron Engineering: Received letter of intent from Shree Cement for civil work at their Gulbarga plant for a total value of Rs 21 crore
• Sadbhav Infra: Declared 'L1' HAM project by the National Highway Authority of India for 4-laning of Waranga to Mahagaon in Maharashtra
• IndusInd Bank: Hinduja Group company IN Entertainment India Ltd. bought 3 lakh shares for Rs 1,378 per share.
• Advanced Enzyme Technologies: Chandrakant Rathi Innovations and Projects Pvt. Ltd. bought 1.37 lakh shares for Rs 2,134.13 per share
• Ceat: Jwalamukhi Investment Holdings bought 14.32 lakh shares for Rs 1,290.35 per shares from Kotak Mahindra (International) Ltd.

Media Reports

• DLF: Completes restructuring of JVs with Blackstone. (Financial Express)
• NTPC: To pay Rs 2,152 crore as interim dividend for FY17. (Financial Express)
• TVS Motor Company: To launch 310 cc bike in 2017-18. (Financial Express)
• Kotak Mahindra Bank: Wants to raise corporate loan share to 40 percent. (Economic Times)
• Oil India: To buyback shares via tender offer process. (Bloomberg)