Stocks To Watch: Canara Bank, L&T, NBCC, Shriram City Union

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, fell 0.34 percent to 9,641.

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

• Wipro: Bonus shares available for trading
• Shriram City Union: Deutsche Bank, HK releases pledge of 20.35 percent shares held by Dynasty Acquisition
• Tech Mahindra: Sells step-down arm to Talkpool AG for $5.2 million (Cogencis)
• Canara Bank: To offload 8.9 percent stake in CARE Ltd. at a floor price of Rs 1,500
• L&T: Bags EPC order worth Rs 287 crore for the development of 50 MW solar power grid from NHPC in Tamil Nadu
• NBCC: To develop smart city in Ghitorni in New Delhi. (Cogencis)

Other Corporate Announcements

• Grasim Industries: Merger with Aditya Birla Nuvo to be effective from July 1. Record date fixed at July 6, 2017
• Seamec: Entered into a contract with L&T Hydrocarbon Engineering for hire of vessel 'Seamec III'
• A2Z Infra: To sell its stake in Star Transformers Ltd. for a consideration of Rs 5.22 crore
• Piramal Enterprises: Board approves issue of NCDs up to Rs 600 crore with an option to retain over-subscription of Rs 500 crore, aggregating to a total issue size of Rs 1,100 crore on a private placement basis
• Somany Ceramics: Issued commercial papers worth Rs 40 crore
• Bajaj Corp: To seek shareholder approval to raise Rs 1,000 crore
• Country Club: Board Meeting on June 27 to consider sale of assets
• Kirloskar Oil Engines: Received board approval for acquisition of 100 percent stake in La Gajjar Machineries Pvt. Ltd.
• Magma Fincorp: Board approves merger with Magma Advisory Services

Today’s Nifty Quote

Stocks In F&O Ban

• Allahabad Bank
• Bank of India
• BEML
• DLF
• HDIL
• IndiaBulls RealEstate
• IFCI
• Infibeam Incorporation
• Jaiprakash Associates
• Kaveri Seeds
• Oriental Bank of Commerce
• Reliance Communication
• Wockhardt

F&O Stocks To Watch

• Tata Power: Top Nifty gainer; open interest rises 4 percent
• Indiabulls RealEstate: Open interest down 9 percent as stock remains in F&O ban
• Hexaware: Open interest rises 21 percent after fresh longs seen
• Eicher Motors: Open interest rises 12 percent; fresh shorts build up seen
• Lupin: Sees fresh shorts; open interest rises 5 percent

IPO Watch

• GTPL Hathway raises Rs 145 crore from anchor investors
• CDSL IPO subscribed 7.5 times on Day 2
• Eris Lifesciences IPO oversubscribed 3.29 times on last day

Media Reports

• Adani Enterprises: Chinese major inks deal with Adani group to invest $300 million in setting up manufacturing units at the Mundra SEZ. (Hindu Business Line)
• Maruti, M&M: June car sales may slide 8 percent on GST concerns. (Economic Times)
• L&T: ABB in talks to buy out company's electrical business which is valued at Rs 14,000-18,000 crore. (Economic Times)
• SBI: To take Monnet Ispat case to NCLT. (Business Standard)
• GMR Infrastructure: To bid for airports in Serbia, Jamaica. (Business Standard)
• Reliance Industries: Jio seeks CCI nod for spectrum sharing with Reliance Communications. (PTI)
• Indian Oil: Kochi LPG terminal will ease backlog in Kerala, management says. (PTI)
• Raymond: Sets up greenfield garment manufacturing facility in Africa. (PTI)