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Top Stocks to be Focused for 3 March 2017

Top Stocks to be Focused for 3 March 2017

Reliance Industries: As many as 15 promoter group entities of Reliance IndustriesBSE 2.78 % Ltd will transfer their 119 crore shares to eight other promoter group entities. The proposed inter-se transfers will not result in any change in promoter group shareholding of 45.24 per cent in RILBSE 2.78 %. A stock exchange filing said 15 promoter group entities will transfer 118.99 crore shares to eight other promoter group entities at Rs 1,100.78 per share.

BEML: State-run BEMLBSE 0.35 % announced inauguration of a 200 KW grid-connected rooftop solar project in Mysore. “With the installation and commissioning of the rooftop solar project, BEML inches towards achieving the target of utilising 100 per cent renewable energy for captive consumption,” the company said in a statement.

Bharti Infratel: Global brokerage firm CLSA upgraded Bharti Infratel to ‘Buy’ from ‘Outperform’ with a target price of Rs 356.

Hindalco: Aluminium major HindalcoBSE 1.85 % said on Thursday that its capital raising committee approved opening of its Qualified Institutional Placement (QIP) at a floor price of Rs 184.45 per equity share.

Supreme Infrastructure: The company on Thursday informed bourses that the board of directors has approved the preferential allotment of equity shares of face value of Rs 10 to promoters for an amount not exceeding Rs 200 crore.

KajariaBSE 0.98 % Ceramics: Jwalamukhi Investment Holdings on Thursday offloaded 0.63 per cent stake in Kajaria CeramicsBSE 0.98 % for over Rs 56 crore through an open market transaction. According to bulk deal data available with BSE, HSBC Bank Mauritius Ltd AC Jwalamukhi Investment Holdings sold a total of 9,94,905 shares, amounting to 0.63 per cent stake of Kajaria Ceramics.

A2Z Infra Engineering: The company on Thursday informed bourses that a contract has been awarded from Grid Solar and Energy Efficiency Project, Nepal Electricity Authority for design, supply, delivery, installation, testing and commissioning of 33/11 KV substations and 33 KV lines for the contract price aggregating to $7.07 million.

GeometricBSE 0.46 % and HCL Technologies: The scheme of arrangement and amalgamation between Geometric, HCL TechnologiesBSE -0.36 % and 3D PLM Software Solutions has become effective on March 2, 2017. Under the transaction, the entire business of Geometric has been transferred to HCL.

Adani Power: The company on Thursday informed bourses about allotment of 41 million equity shares upon partial conversion of convertible warrants to promoter group entities.

DCB Bank: The lender on Thursday informed bourses that a meeting of the board of directors will be held on March 07, to consider and approve issue of securities to Qualified Institutional Buyers.

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