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Top Stocks to be Focused for 24 Nov 2016

Top Stocks to be Focused for 24 Nov 2016

Tata Motors: Tata Motors has called an extraordinary general meeting (EGM) on December 22 to seek shareholders’ approval for removing Cyrus Mistry and Nusli Wadia as directors of the company.

HPL Electric: The company on Wednesday after market hours informed bourses that it has received revision in ratings for various facilities from India Rating & Research.

Pratibha Industries: The company announced that Tamil Nadu Water Supply and Drainage Board has awarded a contract to the Company for providing combined water supply scheme to 293 rural habitations in Musiri, Thathyanagarpettai, Thuraiyur and Uppiliyapuram unions in Trichy District including paid maintenance for five years. The total value of the contract is Rs 92.22 crore.

PC Jeweller: The company on Thursday after market hours posted a net profit of Rs 1,06.93 crore for the quarter ended September 30, 2016 as compared to Rs. 91.92 crore in the corresponding quarter last year.

NBCC: NBCC has entered into MoU with Rosinformexport LLC, a subsidiary of RT-Business Development an investment company of Rostec State Corporation, a 100 per cent state owned company of Russia, having expertise in ICT/ digital products. NBCC and Rosinformexport shall collaborate to jointly participate in the Smart City projects in India.

UltraTech Cement: The cement major has announced that the company has proposed to issue unsecured redeemable non-convertible debentures amounting to Rs 400 crore on private placement basis.

Rallis India: Rallis India announced that it has signed an agreement for increasing its stake in its subsidiary, Zero Waste Agro – Organics (ZWAOL) from 73.63 per cent to 100 per cent. Consequently, ZWAOL will become a wholly owned subsidiary of Rallis India, on completion of the acquisition of the balance shares in ZWAOL.

Bannari Amman: The company on Wednesday announced nearly 12-fold rise in net profit at Rs 45.37 crore for the quarter ended September 30, 2016 against Rs 3.81 crore in the corresponding quarter last year.

Jindal Stainless: For the quarter ended September 30, 2016, the company reported a net loss of Rs 65 crore against net loss of Rs 122.87 crore in the corresponding quarter last year.

Results Today: Suven Life Sciences, Opto CircuitsBSE 3.26 % (India), Manpasand Beverages, Jindal Poly Films and Aditya Birla Fashion will announce their financial results for the quarter ended September 30, 2016 on Thursday.

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