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Top Stocks to be Focused for 22 Dec 2016

Top Stocks to be Focused for 22 Dec 2016

South Indian Bank: Private lender South Indian Bank said its board has approved issuing one equity share for every three equity shares held by shareholders on rights basis.

Godrej Properties: RKN Enterprises has acquired 39,86,400 shares, or 1.84 per cent stake in Godrej Properties from Rishad K Naoroji.

JSW Steel: JSW Steel has received member’s nod for sub-division of equity shares of company from face value of Rs 10 each to Rs 1 each.

Kwality Pharma: The company will announce its financial results for the quarter ended September 30, 2016 on Thursday.

Empee Distilleries: The company has informed bourses that a meeting of the board of directors of the Empee Distilleries is scheduled to be held on December 26 to consider and approve sale of 1,95,12,997 equity shares of Rs 10 each held by the company in Empee Hotels Limited (Unlisted entity).

KDDL Ltd: KDDL has allotted 2,64,150 zero coupon convertible warrants at premium of Rs 255 per share to Swades Capital LLC, a promoter group entity.

Alankit: Alankit has informed stock exchanges that the company has been appointed as E-KYC User Agency (KUA) for the usage of Aadhaar Authentication Services provided by UIDAI to provide Aadhaar Enabled Services to company beneficiaries, clients and customers.

Godrej Industries: The company on Wednesday informed bourses that RKN Enterprises has acquired 1,28,06,300 shares equivalent to 3.81 of the total paid-up equity share capital of Godrej Industries from Rishak K Naoroji.

IFCI Ltd: Term finance lender IFCI on Wednesday said it has raised benchmark lending rate by 0.1 percentage point (10 basis points) to 8.6 per cent.

Nitesh Estates: Nitesh Estates Ltd has informed bourses that the company has redeemed 700 non convertible debentures (Unlisted NCD) out of 1,250 non convertible debentures held by IDFC Limited for the aggregate value of Rs 70 crore.

GE T&D India: The board of directors of the company has accepted resignation of Ravi Kumar Krishnamurthy as whole-time director and as director of the company effective from December 21, 2016.

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