Stocks To Watch: Adani Power, Reliance Communications, Sical Logistics

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, gained 0.13 percent to 9,688.

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

• Adani Power: Board approves sale of its Mundra power business to its subsidiary Adani Power (Mundra)
• Adani Enterprises: Reduces stake in Adani Green Energy by 50 percent
• Bank Stocks: In focus ahead of the Reserve Bank of India policy decision.
• Reliance Communications: Fitch downgrades company's Industrial Development Revenue Bonds (IDRs) to RD (Restricted Default) from CCC. Also downgrades bonds to C/RR4 from CCC/R4
• Vivimed Labs: U.S. FDA inspect the company's plant in Spain and issues zero Form 483 observations.
• Sical Logistics: Wins contract worth Rs 289 crore from Mahanadi Coal Fields
• Aegis Logistics: Sells 19.7 percent stake in step-down subsidiary Hindustan Aegis LPG Ltd. to Itochu Petroleum Co. (Singapore) for an aggregate consideration of Rs 250 crore
• ITD Cementation: HDFC Mutual Fund A/c HDFC Prudence Fund sells 28 lakh shares or 1.8 percent stake at Rs 175.01 each

India Grid Trust

• Axis Bank Ltd. buys 20.71 lakh shares or 0.92 percent stake at Rs 96.38 each
• Citigroup Global Markets Mauritius Pvt. Ltd. buys 76.13 lakh shares or 3.4 percent stake at Rs 98.48 each
• Morgan Stanley France SAS buys 32.19 lakh shares or 1.43 percent stake at Rs 98.59 each
• Credit Suisse (Singapore) Ltd. A/c Credit Suisse (Singapore) sells 16.02 lakh shares or 0.71 percent stake at Rs 97.25 each
• Morgan Stanley Asia (Singapore) Pte. sells 33.57 lakh shares or 1.5 percent stake at Rs 96.77 each

MEP Infra

• Divya Kothari sells 11.45 lakh shares or 0.7 percent stake at Rs 93.51 each
• Arcadia Share & Stock Brokers Pvt. Ltd. bought 9.125 lakh shares or 0.56 percent stake at Rs 92.35 each

Other Corporate News

• Yes Bank: Shareholders approve increase in borrowing limit to Rs 70,000 crore from Rs 50,000 crore and raising of funds by issue of debt securities up to Rs 20,000 crore
• HDFC: To issue NCDs worth Rs 2,000 crore on private placement basis
• Oil India: Discovers hydrocarbon in the Baghjan Petroleum Mining Lease (PML) in the Upper Assam Basin
• BayerCrop Sciences: Board gives approval to buyback of 10.2 lakh equity shares.
• Indiabulls Ventures: Allotted 4.74 crore equity shares to Tamarind Capital Pte. Ltd. at an issue price of Rs 94.7 per share
• Lakshmi Vilas Bank: To consider fund raising through issue of 5 crore equity or equity linked securities. Will also consider fund raising through debt securities up to Rs 250 crore
• Deepak Nitrite: Resumes operations at its manufacturing facility in Roha
• India Glycols: Dehradun unit of the company ceases to be 100 percent export oriented undertaking (EOU)
• Steel Strips Wheels: Birla Mutual Fund scheme buys 2.97 lakh shares or 1.9 percent stake at Rs 885 each
• Stampede Capital: Radhwa Trading Pvt. Ltd. buys 26.25 lakh shares of 1.15 percent stake at Rs 19.04 each. Garna Finvest Pvt. Ltd. sells 24.9 lakh shares or 1.09 percent stake at Rs 19.05 each

TCS

• Signs pact with Siemens to create industrial internet of things
• Application development and management for MindSphere Core Platform and Cloud Gateway MindConnect Nano

Today’s Nifty Call

Brokerage Calls

• Bajaj Finance: Raised to 'Buy' at Goldman Sachs
• Bajaj Finserv: Raised to 'Neutral' at Goldman Sachs
• Bank of Baroda: Raised to 'Neutral' at Goldman Sachs
• Blue Star: Raised to 'Buy' at Angel Broking with price target of Rs 760
• HDFC: Raised to 'Neutral' at Goldman Sachs
• Jet Airways: Raised to 'Buy' at ICICIdirect with price target of Rs 580
• LIC Housing: Cut to 'Sell' at Goldman Sachs

Source: Bloomberg

Stocks In F&O Ban

• DLF
• GMR Infrastructure
• IndiaBulls Real Estate
• Infibeam Incorporation
• Jaiprakash Associates
• Reliance Communication
• Reliance Capital

Media Reports

• ONGC: May buy out entire government holding in Hindustan Petroleum. (Economic Times)
• IFCI: Government may look at merger of IIFCI with the company. (Economic Times)
• Bharti Airtel: Competition Commission of India gives its nod to merger plan with Telenor India. (Economic Times)
• TCS: Planning to launch several businesses in emerging technology segments to each over $1 billion each over the next 3-7 years. (Business Standard)
• HUL: Revenue from food business for FY17 drops 49 percent. (Business Standard)
• BSE: Asks brokers to file training programme details on AMT/CFT. (PTI)
• Alembic Pharma: Looking to file 100 ANDAs in the next three years in the U.S. (PTI)