Stocks To Watch: BPCL, IVRCL, Maruti Suzuki, Vadilal Industries

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, fell 0.2 percent to 9,617.

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

• Pfizer: Acquired 'Neksium' brand from AstraZeneca for Rs 75 crore
• BPCL, HPCL, Indian Oil Corp.: Petrol prices hiked by Rs 1.23 per litre while diesel prices hiked by Rs 0.89 per litre
• MOIL: Company increases prices by 10 percent
• Bharat Gears: To avail a term loan of Rs 110 crore from KKR India Financial Services to repay its existing term debts, working capital requirements and capital expenditure
• IVRCL: Joint Lenders Forum approached by an investor with a non-binding offer to acquire stake in the company. Company believes that the lenders have been approached by an investor pursuant to SDR provisions stipulated by the RBI
• JK Paper: To issue equity shares worth 2.4 million Euros against FCCBs
• Future Market Networks: To acquire 50 percent stake in Future Retail Destination Ltd. from IL&FS Township and Urban Assets Ltd. for a total consideration of Rs 14 crore
• Kolte Patil: Completes Phase I of its 'Three Jewels' project in Pune. 812 apartments are ready for posession

Vadilal Industries

• Ashish Kacholia bought 38,750 stake or 0.5 percent stake for Rs 790.39 each
• Kacholia's total holding in the company increases to 5.8 percent from 5.3 percent
• Nisarg Vakharia sold 1 lakh shares or 1.4 percent stake for Rs 795.8 each

Today’s Nifty Call

Brokerage Calls

• Finolex Cables: Cut to 'Hold' at Sharekhan with price target of Rs 530
• IPCA Lab: Raised to 'Hold' at Emkay with price target of Rs 480
• J Kumar Infraprojects: Cut to 'Neutral' at Phillip Secs
• Jagran Prakashan: Cut to 'Accumulate' at Arihant Capital
• KEC International: Raised to 'Outperform' at Centrum Wealth
• KNR Constructions: Raised to 'Buy' at Emkay with price target of Rs 240
• NTPC: Cut to 'Hold' at ICICIdirect with price target of Rs 176
• TTK Prestige: Cut to 'Sell' at Anand Rathi Securities
• United Spirits: Cut to 'Neutral' at HDFC Securities
• Wabco India: Cut to 'Reduce' at ICICI Securities with price target of Rs 5,124
• Ahluwalia Contracts India: Cut to 'Hold' at Anand Rathi Securities

Source: Bloomberg

Bulk Deals

Dhampur Sugar Mills

• Anil Kumar Goel bought 3.81 lakh shares or 0.6 percent stake at Rs 181.48 each
• HSBC GIF Asia Ex-Japan Equity Smaller Companies sold 3.65 lakh shares or 0.55 percent stake at Rs 182.77

Divi's Laboratories

• Integrated Core Strategies (Asia) bought 22.85 lakh shares or 0.9 percent stake at Rs 582.12 each
• Barclays Global Fund Advisors sold 23.73 lakh shares or 0.9 percent stake at Rs 582.9 each

Persistent Systems

• Government Pension Fund Global bought 9.28 lakh shares or 1.2 percent stake at Rs 606 each
• Rama Purushottam Foundation sold 14.31 lakh shares or 1.8 percent stake at Rs 607.28 each

• ICICI Bank: Blackrock Emerging Markets Fund bought 3.53 lakh shares or 0.6 percent stake at Rs 326.33 each
• Rural Electrification Corporation: Barclays Global Fund Advisors bought 2.17 crore shares or 1.1 percent stake at Rs 193.35 each
• Aries Agro: Prosperous Vyapaar Pvt. Ltd. sold 65,268 shares or 0.5 percent stake at Rs 146.39 each
• Reliance Communications: Capital Research and Management Co A/C New World Fund Inc sold 1.8 crore shares or 0.7 percent stake at Rs 18.8 each

Stocks In F&O Ban

• Jaiprakash Associates
• Reliance Communications
• Reliance Capital

Media Reports

• Reliance Industries: Airtel alleges that Jio is disguising prepaid customers as postpaid ones in Jammu and Kashmir. (Business Standard)
• Rural Electrification Company: Says 10 percent lending this financial year will be in the renewable energy segment. (Business Standard)
• Bharat Electronics: Eyes fresh EVM orders to push revenue. (Business Standard)
• Axiscades: To form JV to focus on energy, nuclear sector. (PTI)
• GTPL-Hathway: To float a Rs 600 crore IPO in June. (PTI)
• Cadila Healthcare: Zydus gets U.S. FDA nod for generic epilepsy drug. (PTI)
• Jet Airways: Says average international fares fall 9.1 percent year-on-year. (Bloomberg)
• Reliance Communications: Bankers to meet next week amid concerns of company's loans turning NPAs. (Economic Times)
• Maruti Suzuki: To bring fleet of SUVs following success of Vitara Brezza. (Economic Times)