Stocks To Watch: Fortis Healthcare, Mindtree, Reliance Industries, Wockhardt

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,630.

Also Read: Friday Morning Briefing: Asian Stocks Mixed, Crude Below $43-Mark

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

Wockhardt

• Settles dispute with Teva in London High Court
• Claims worth 20 million pounds waived
• Paid 23 million pounds to Teva and affiliate by way of full and final settlement

• Fortis Healthcare: Malaysia's IHH Healthcare said it is not close to "concluding any negotiations" to buy controlling stake in the Indian company.
• Mindtree: To consider buyback of equity shares on June 28
• Mahindra & Mahindra: Credit Suisse says farm loan waiver may support tractor demand; maintains ‘outperform’ rating on the stock

Reliance Industries

• RIL-BP withdraw arbitration against government
• Withdrawal of arbitration pre-condition to allow exploration in KGD6 block
• New exploration policy allows for market pricing and premium for deep water exploration
• RIL-BP had announced additional $6 billion investment in KGD6 block for 2017-21

Indiabulls Real Estate

• Promoters IRBEL IBL Scheme Trust sold 3.3 crore shares or 6.9 percent stake at an average price of Rs 201.7 each
• Orient Global Cinnamon Capital bought 1.76 crore shares or 3.7 percent stake at Rs 200 each
• Cinnamon Capital bought 34 lakh shares or 0.7 percent stake at Rs 200 each

Persistent Systems

• Morgan Stanley bought 13.18 lakh shares or 1.65 percent stake at Rs 676.66 each
• FIL Investment Mauritius sold 12.06 lakh shares or 1.5 percent stake at Rs 676.63 each

Other Corporate Announcements

• Reliance Defence: Partners with Daher Aerospace for aerospace components
• La Opala: Settles dispute with workers union at its Madhupur plant. Operations to return to normalcy by July 10
• HDFC: IFC to subscribe up to Rs 1,300 crore worth of the company's rupee denominated bonds subject to approval from the Reserve Bank of India
• EID Parry: Parry Nutraceuticals to partner with Synthite Industries for extraction of Phycocyanin
• Quess Corp: To acquire 46 percent stake in Heptagon Technologies for a total consideration of Rs 9.77 crore and a 51 percent stake in Comtel Pro for a consideration of 1,01,000 Singapore Dollars.
• Bhushan Steel: Lenders approve company for insolvency and bankruptcy proceedings

Shriram EPC

• Water management business wins multiple orders amounting to Rs 165 crore
• First order worth Rs 83.37 crore from the City Corporation Davanagere to improve bulk water supply and is to be completed in 30 months
• Second order worth Rs 82.56 crore from Tamil Nadu Water Supply & Drainage Board for implementation of Water supply scheme in Hosur Municipal Corporation to be executed within 24 months

Nifty Chart Check

Bulk Deals

RSWM

• L&T Arbitrage Opportunities Fund bought 1.84 lakh shares or 0.8 percent stake at Rs 410.9 each
• Acadian EM Equity Fund sold 2.76 lakh shares or 1.2 percent stake at Rs 410.92 each

DFM Foods

• ABG Capital sold 1.27 lakh shares or 1.3 percent stake at Rs 1,400.83 each
• Steadview Capital Mauritius sold 2.45 lakh shares or 2.5 percent stake at an average price of Rs 1,402.45 each
• LTR Focus Fund sold 1.24 lakh shares or 1.2 percent stake at Rs 1,400.15 each

Stocks In F&O Ban

• Allahabad Bank
• Bank of India
• Fortis Healthcare
• GMR Infrastructure
• HDIL
• IndiaBulls RealEstate
• IFCI
• Infibeam Incorporation
• Kaveri Seeds
• Oriental Bank of Commerce
• Reliance Communications
• Ujjivan Financial Services
• Wockhardt

F&O Stocks To Watch

• Short covering seen in Sun Pharma, Ambuja Cements, HDFC. Open interest down 4-5 percent
• Jaiprakash Associates: Open interest down 9 percent. Short covering seen and stock is out of F&O ban
• ONGC: Continues to see fresh shorts; open interest up 3 percent
• Indiabulls Real Estate: Long unwinding sees; open interest down 4 percent while stock is in F&O ban
• DLF: Sees maximum open interest addition on the short side

Media Reports

• Indiabulls Real Estate: Looking to acquire 45 percent stake of U.S. based private equity Farallon Capital in two of its key commercial properties in Lower Parel. (Economic Times)
• Can Fin Homes: Board meeting to consider stock split. (Bloomberg)
• Capital First: To consider fund raising in board meeting. (Bloomberg)
• United Breweries: Faces action for 'flouting' order on Mallya. (Business Standard)
• Reliance Infrastructure: To spin-off transport business. (DNA)
• Videocon: Expects Rs 300 crore sales from CCTV, phone accessories and smart homes. (DNA)