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Top Stocks to be Focused for 26 Dec 2016

Top Stocks to be Focused for 26 Dec 2016

SBI: State Bank of IndiaBSE -1.32 % (SBI), the country’s largest lender, and a few other banks are expected to announce a cut in lending rates effective early January , said people with knowledge of the matter.

ONGC: State-run ONGC will pay over $1.2 billion for buying debt-laden GSPC’s entire 80 per cent stake in KG-basin natural gas block, which is struggling to start commercial production despite trial outputs starting nearly two-and-half years back.

JSW Energy: The company has informed bourses that Credit Analysis & Research Limited (CARE) has reaffirmed the ratings of the company for Long term Bank Facilities and Non-Convertible Debentures as CARE AA- (Double A Minus), however has revised its outlook from ‘Stable’ to ‘Negative’.

ISGEC Heavy Engineering: The company informed bourses that it has signed a technology agreement with AP&T of Sweden for cooperation in the manufacture of Hydraulic Press and other equipments for Press Hardening Line.

Sasken Communication: Sasken Communication Technologies said it has received shareholders approval for buyback of up to 28.24 lakh equity shares, at a price not exceeding Rs 425 per share for a total consideration of Rs 120 crore.

Ratnamani Metals & Tubes: The company has bagged two new orders aggregating to 22,000 MT valued at approx Rs 103 crore and Rs 33 crores for supply of Carbon Steel ERW pipes for gas pipe line in India to be completed by June/July 2017 and Oct/Nov 2017 respectively.

Apar Industries: The company informed bourses that a meeting of the board of directors of the company is scheduled to be held on January 6 to consider matters related to buyback  of the fully paid-up equity shares of the company.

Mahindra & Mahindra: Homegrown auto major Mahindra & Mahindra plans to increase prices of its vehicles by up to Rs 26,500 from January as it looks to partially offset rising input costs.

Camlin Fine Sciences: The company announced that it has entered into a share purchase agreement to acquire 51 per cent stake in an entity in China, which shall be subject to certain conditions being fulfilled prior to the said acquisition and regulatory approvals. The said acquisition can also be through the company’s subsidiaries and/or group companies.

Trent: The company has informed bourses that Brickwork Ratings has upgraded the rating for the non-convertible debentures amounting to Rs 75 crore issued by the company which have been listed on National Stock Exchange of India Limited, from BWR AA to BWR AA+ .

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