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Top Stocks to be Focused for 28 March 2017

Top Stocks to be Focused for 28 March 2017

Shriram EPC: The company has received order worth $107.8 million from United Republic of Tanzania, Tanzania in JV with Larsen & Toubro.

Uco Bank: The lender has approved issue of shares to Government of India against proposed capital infusion of INR 11.50 billion by way of preferential allotment.

Kotak MahindraBSE 0.10 % Bank: The board of directors of the bank is scheduled to be held on March 30 to consider raising of equity capital by the bank through rights issue, private placement, follow-on public offering (FPO), qualified institutional placement (QIP), GDR, ADR or through any other permissible mode.

Bajaj Auto: Bajaj AutoBSE 0.13 % on Monday said its decision to end decade-long alliance with Japan’s Kawasaki for sales and services in India would not have an adverse impact on the overall performance of the company.

Coal India: Coal IndiaBSE -0.58 % may once again appeal to the Competition Appellate Tribunal (COMPAT) against the Rs 591-crore penalty imposed by the Competition Commission of India (CCI) on it last week.

Motherson SumiBSE 1.08 % Systems: Auto components major Motherson Sumi Systems LtdBSE 1.08 % (MSSL) on Monday said it completed the acquisition of Finnish wiring harness maker PKC Group Plc for about Rs 4,150 crore that could open opportunities for the company to be part of the modernisation of Indian railways.

IDFC Bank: IDFC Bank has sold nine stressed loan portfolios to EdelweissBSE 1.16 % Asset Reconstruction Company (ARC) totalling about Rs 5,000 crore in the largest such transaction this financial year, a move that may pave the way for other lenders struggling to get rid of thousands of crores of bad loans.

Jindal Steel and Power (JSPL): Steel major Jindal Steel and Power on Monday said that its board on Thursday will consider raising of funds through various modes.

Dr Reddy’s Laboratories: Pharma firm Dr Reddy’s Laboratories and Nasdaq-listed Integra LifeSciences Holdings Corporation announced an exclusive distribution agreement to market and distribute dural regeneration matrices for use in patients in India.

Godrej Industries: The company on Monday said it has purchased an additional 2.87 per cent stake in its subsidiary Godrej Agrovet Ltd (GAL), taking total shareholding to 63.68 per cent in the arm.

IOC: State-run Indian Oil Corp (IOC) on Monday signed an agreement to supply over 1 million tonnes (MT) of petroleum products annually to Nepal for the next five years, Chairman B. Ashok said.

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