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8 Stocks to be Focus on 24 Feb 2016

8 Stocks to be Focus on 24 Feb 2016

8 Stocks to be Focus

PNB: Public sector lender Punjab National Bank (PNB) has declared a list of 904 wilful defaulters, including Winsome Diamonds & Jewellery and Zoom Developers, that owe close to Rs 11,000 crore to the lender.

Nestle India: The company could take three years to completely recover its India revenues following the impact of the Maggi episode as per conventional wisdom but the Swiss foods giant is looking to do it faster, its Asia head has said.

ONGC: Venezuela’s state oil company PDVSA is about to clinch a deal for India’s Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company’s president said on Tuesday.

NTPC: The Rs 5,000 crore stake sale by the government in NTPCBSE -2.66 % saw demand for almost twice the shares on offer, led by a big-ticket application by state-owned insurance giant Life Insurance Corporation of India ( LIC). FIIs too have lapped up the shares

Lupin: Drug maker Lupin would not scale down its operations in emerging markets despite currency fluctuations and the company would look at acquisition opportunities in specialty product business for growth, its managing director Nilesh Gupta said here on Tuesday.

Tata Steel, Tata MotorsBSE -2.03 %, Tata Power: These Tata group companies have hired bankers to raise $2.5 billion this quarter, one of their biggest overseas fundraising exercises in recent times. Tata Steel has launched a $1.5 billion deal in general syndication in January, Tata PowerBSE -0.09 % has hired seven banks to raise $460 million for a loan, which is due to be paid next month. Tata CommunicationsBSE -0.62 % is also marketing a five-year loan to raise $250 million .while Tata Motors-owned TML Holdings has launched a $250-million loan last month.

PFC: State-owned Power Finance Corporation of India (PFC) has delayed a major portion of its fundraising plan for the current financial year as it hopes to get back around Rs 22,000 crore in the coming months from states participating in the discom revival scheme Ujwal Discom Assurance Yojana (UDAY).

Oberoi Realty, Godrej Properties: These Mumbai-based developers saw better traction in bookings or pre-sales of new projects, compared with their southern counterparts like Sobha Realty in the December quarter. Pre-sales is a term used for all payments made by a buyer to a builder before the project gets ready.

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