Stocks To Watch: Cadila Healthcare, Dena Bank, Navin Flourine

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, fell 0.2 percent to 9,494.

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

Navin Flourine

• Promoter Mafatlal Industries and NOCIL sold their entire stake of 1.18 lakh shares (or 1.2 percent equity) and 4.71 lakh shares (or 4.8 percent equity) respectively at Rs 2,875 each
• Goldman Sachs India Fund bought 68,886 shares or 0.7 percent stake at Rs 2,875 each
• HSBC Global Investment Funds Asia ex-Japan bought 1.56 lakh shares or 1.6 percent stake at Rs 2,875 each
• GMO Emerging Domestic Opportunities Fund Bought 1.57 lakh shares or 1.6 percent stake at Rs 2,875 each
• GSA MGT bought 56,263 shares or 0.6 percent stake at Rs 2,875 each

• Dena Bank: Shareholders approve to raise Rs 1,800 crore via QIP issue
• Hero MotoCorp: LIC sold 2.03 percent stake in the company
• Jagran Prakashan: Blackstone GPV sold its entire stake in Jagran Prakashan founder Jagran Media Network Investment Pvt. Ltd. (JMNIPL)
• Cadila Healthcare: Received U.S. FDA nod for generic Hepatitis B drug
• Federal Bank: Approves closure of its QIP and sets its issue price at Rs 116 per share
• Raymond: To invest Rs 1,400 crore in its Amravati unit and open 300 new stores
• Lupin, Dr. Reddy's Laboratories: Cannot market generic versions of Vimovo as New Jersey District Court upheld Horizon Pharma's patent. (Bloomberg)

Other Corporate Announcements

• Indiabulls Real Estate: Acquires entire minority stake of 10.08 percent in Indiabulls Infraestate Ltd. (IIL) from IL&FS Fund entities for a total consideration of Rs 358.44 crore. With this IIL becomes the wholly-owned subsidiary of the company
• Country Club: Board approves sale of assets for the purpose of debt reduction of the company
• Omax Autos: Shuts down its manufacturing unit in Gurugram
• HPCL: Considering issue of bonds in the overseas market

Today’s Nifty Call

Brokerage Calls

• Aurobindo Pharma: Downgraded to 'Hold' at Sharekhan with price target of Rs 735
• Firstsource Solutions: Raised to 'Buy' at SBI Capital Securities with price target of Rs 45
• Supreme Industries: Downgraded to 'Hold' at Sharekhan with price target of Rs 1,250
• Axis Bank: CLSA maintains 'Outperform' with price target of Rs 570

Bulk Deals

Arrow Greentech

• Promoters sold 5 lakh shares or 4.3 percent stake at Rs 530 each
• DSP Blackrock Mutual Fund bought 4.71 lakh shares or 4 percent stake at Rs 530 each

Tejas Networks

• Abu Dhabhi Investments bought 5.3 lakh shares or 3.1 percent stake at Rs 265.12 each
• Amansa Holdings Pvt. Ltd. bought 13.5 lakh shares or 7.9 percent stake at Rs 260.56 each

Stocks In F&O Ban

• DLF
• Fortis Healthcare
• GMR Infrastructure
• IndiaBulls Real Estate
• IFCI
• India Cements
• Infibeam Incorporation
• Jaiprakash Associates
• Oriental Bank of Commerce
• Reliance Communications
• Reliance Capital
• Ujjivan Financial Services

F&O Stocks To Watch

• JP Associates: Sees short covering with open interest down 8 percent
• AB Nuvo: Sees short covering with open interest down 21 percent
• SBI: Sees fresh shorts with open interest up 9 percent
• GMR Infrastructure: Sees long unwinding with open interest down 5 percent
• Kaveri Seeds: Sees fresh longs with open interest up 18 percent
• Rolls Higher Than 3-Month Average: HCL Tech and Mahindra & Mahindra
• Rolls Lower Than 3-Month Average: Lupin and Vedanta

Media Reports

• Cadila Healthcare: Aims to double U.S. business in three years. (Business Standard)
• Ashok Leyland: To focus on commercial vehicles. (Business Standard)
• Idea Cellular: Clarification sought by SEBI can delay merger with Vodafone. (Hindu Business Line)
• Tata Group: Chairman N Chandrashekhar may outline plans to revitalise group this week. (Economic Times)
• ABG Shipyard: Liberty House in talks to buyout the company. (Business Standard)