Wednesday, 21 June 2017

Stocks in the news: Axis, L&T, Amtek Auto, Eicher Motors, Monnet Ispat, SpiceJet

Axis Bank | Larsen and Toubro | ABB | Amtek Auto | Eicher Motors | Monnet Ispat | Kirloskar Oil | Apollo Hospitals | Canara Bank | Captain Polyplast | Reliance Communications | GMR Infrastructure | Raymond | Reliance Defence | Inox Wind | SpiceJet and Suzlon Energy are stocks, which are in the news today.

Here are stocks that are in news today:

Monnet Ispat: Sources
-Joint Lenders Forum gives nod to sending Monnet Ispat case to National Company Law Tribunal
-Lenders group gives assent to file application under Insolvency & Bankruptcy Code for Monnet Ispat

Kirloskar Oil
-Company okays proposal for acquisition of 100 percent equity shares of La-Gajjar Machineries
-This is subject to signing of definitive agreements

L&T
-Gets Rs 287 crore EPC contract from NHPC
-Gets EPC contract for development of 50MW solar power project in Tamil Nadu

Apollo Hospitals says
-Expecting growth momentum to continue for Apollo Hospitals
-Effects of demonetisation has started to wear off
-Business has bounced back to normal from May onwards

Other stocks and sectors that are in news today:
-Tech Mahindra arm LCC Middle East to sell LCC Pak to Swiss company Talkpool for USD 5.2 million
-Moody’s assigns ‘Baa3’ rating to NHPC, outlook positive
-Sun Pharma's subsidiary Taro gets US FDA nod for anti-convulsion drug, Felbamate
-Dr Reddy's Labs gets US FDA's REMS (risk evaluation & mitigation strategy) nod for acne prevention drug, Zenatane capsule
-Sun Pharma in focus as Ranbaxy gets US FDA's REMS nod for acne prevention drug, Absorica tablet
-Aurobindo Pharma gets tentative US FDA nod for diabetes drug, Linagliptin tablet
-Canara Bank to offload stake 8.9 percent stake in CARE, worth Rs 419 crore
-JK Paper in focus - Ind-Ra upgrades long term issuer rating to A- from BBB+
-Captain Polyplast to start new manufacturing plant at Kurnool district, Andhra Pradesh
-Magma Fincorp approves scheme of merger with Magma Advisory
-Piramal Enterprises board to issue non-convertible debentures (NCDs) worth Rs 600 crore with an option to retain over-subscription of Rs 500 crore
-Somany Ceramics issues commercial paper of Rs 40 crore
-ABB in talks to buy out L&T's electrical business: Sources
-Amtek Auto, Castex Technologies, Metalyst Forgings in focus - 21 investors in fray for Amtek Auto sale: BS
-SpiceJet places USD 1.7 billion order for 50 Bombardier Q400 planes: ET
-Reliance Communications to speed up realty monetisation: ET
-GMR Infrastructure to bid for airport in Serbia, Jamaica
-Raymond targets Europe, US for stitched garments
-Eicher Motors in focus - Royal Enfield ties up with 4 custom bike companies: ToI
-Reliance Defence files ammunition pact woth Serbia
-Ashok Leyland in focus - Hinduja Leyland defers IPO plan: Mint
-Inox Wind, Suzlon Energy in focus - Andhra Pradesh signs power purchase agreements, now wants 25 percent price cut
-Bajaj Corp to raise Rs 1,000 crore
-Axis Bank plans to sell its stake in Mswipe: ToI-Aditya Birla Nuvo merger with Grasim to be effective from July 1
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