Stocks To Watch: AB Nuvo, Dredging Corp, Grasim, Suzlon 

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,213.

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

Aditya Birla Nuvo

• 95.5 percent shareholders approve composite scheme of arrangement between AB Nuvo, Grasim Industries and Aditya Birla Financial Services
• 83.6 percent shareholders voted in favour of the resolution, excluding promoter vote

Dredging Corporation of India

• Unions representing the non-executives, crew and petty officer of company have given call for one day strike on April 11, 2017
• Strike called for in protest against the rumours of the strategic sale of the company
• Unions have been requested by the management to withdraw the strike
• Regional Labour Commissioner has advised the unions to not go on strike since the matter is under conciliation
• Company has taken steps for alternative arrangements for smooth operations

Suzlon Energy

• Won a repeat order of 50.40 MW wind power project from a leading IPP company
• Project will be completed by June 2017
• Will execute the entire project on a turnkey basis and will also provide operation and maintainence services
• This is the company's maiden order for 24 units of its new S111 120m hybrid wind turbine generator

Aarti Industries

• Board of Directors have approved an investment of Rs 75 crore to set up a R&D, scale-up and innovation complex at Jhagadia in Gujarat
• The facility will be spread over an area of 50,000 square feet and equipped with the state-of-the-art equipment and analytical tools

Goodluck India

• Coming up with a new manufacturing facility for its existing line of business at Sikra village in Gujarat
• Proposed facility will add in approximately 72,000 million tonnes per annum in the company's total production capacity
• Total investment of Rs 74 crore will be met by debt and internal accruals
• Plant is expected to be commissioned by April 2018

Hindustan Composites

• Board of Directors approve the stock split in the ratio of 1:2
• One equity share of Rs 10 will be sub-divided into two equity shares of Rs 5 each
• Board also approved bonus issue in the ratio 1:2
• Bonus shares will be issued post the stock split

Indian Hume Pipe Company

• Wins order worth Rs 109.64 crore from the Public Health Engineering Department of the Government of Rajasthan
• Order to execute the work of re-organization of Urban water supply scheme at Alwar and Bhiwadi towns
• Project to be completed in 24 months

• Spice Mobility: Seeks shareholder approval to sell stake in wholly-owned Kimaan Exports Pvt. Ltd. to Spice Digital Ltd., another subsidiary for Rs 62.76 crore
• Redington (India): Overseas step-down subsidiary, M/s Arena Bilgisayar Sanayi Ve Ticaret A.S decides to sell its entire holding of 51 percent in its subsidiary M/s Adeo Bilisim Danismanlik Hizmetleri San ve Tic AS, Turkey for $1.65 million
• Jaypee Infratech: Says the allegation in the FIR is wrong as the company had already obtained the requisite approvals for its project in Gautam Budh Nagar in 2013
• Majesco: A two-tier speciality insurer renews application management service agreement for a period of three years to support various key operational systems
• Capital First: Debenture committee of the board of directors to meet on April 13, 2017 to consider and approve the private placement of Non-Convertible Debentures.
• JK Paper: To consider issue of equity shares consequent to conversion of foreign currency convertible bonds of 2.4 million euros on April 12, 2017
• Indiabulls Ventures: Allotted 3.36 crore fully paid up equity shares to promoter group entities, CEO and whole-time director upon conversion of equivalent number of warrants.
• Sagar Cements: Total consolidated sales for March 2017 grew 18.3 percent to 2,83.785 million tonnes.
• Somany Ceramics: Franklin Templeton MF buys 3.4 percent stake at Rs 680 per share
• Archies: Equity Intelligence India buys 1.2 percent stake at Rs 29.15 per share

Media Reports

• Bharati Defence: Creditors propose an infusion of Rs 400 crore and propose to rejig management. Edelweiss owns 85 percent of the Rs 10,000 crore debt of the company. (Economic Times)
• IDBI Bank, Central Bank of India: Sell loans worth Rs 30,000 crore to meet capital norms. Despite sale, banks may fail to meet minimum capital requirement. (Economic Times)
• Rural Electrification Corporation: looking to finance coal block development, power plant renovations. (Economic Times)
• Tata Elxsi: Looking to set up R&D unit in Bengaluru along with Panasonic. (Financial Express)
• Axis Bank: Cuts base rates by 10 basis points. (Financial Express)
• Phoenix Mills: Looks to double its mall portfolio investments to Rs 3,500-4,000 crore. (Business Standard)
• GTL Infra: Banks to convert debt to equity post merger with company's Chennai network. (Business Standard)
• Coal India: Had stockpiles of 68.6 million tonnes as of March 31, 2017, says Piyush Goyal. (Bloomberg)
• JSW Steel: Says spike in coking coal from Australia is temporary. (Bloomberg)