Equity Market Tips: August 2017

Today's top stocks are to watch and investors may invest them, choose best financial adviser for your all financial aspects in stock market.

Stocks in the news: Ajanta Pharma, DHFL, Biocon, Aksh, Fortis Health, FAG Bearings

Industries | Amtek Auto | Vedanta | FAG Bearings and Surya Roshni are stocks, which are in the news today.

Here are stocks that are in news today:

Adani Group - Adani Enterprises in focus

-After 6-7 years of hardwork, the Carmichael project set to take off

-Expect Carmichael project work to start in October

-Expect commercial production from the Carmichael mine to start in 2020

-Funding arrangements are being put in place for phase 1

-Expect financial closure for Carmichael mine by end of 2017 or early 2018

-Phase 1 of Carmichael entails a production of 25 mtpa

-Expect healthy margins from the Carmichael project

-Expect cost of production to be low

-Carmichael remains an extremely attractive project for Adani Group

-Carmichael project is extremely bankable

-Don't expect any significant increase in burden in group balance sheet from Indian banks

-Reports targetting of doubling EBITDA by 2020 is a realistic proposition

-Have a healthy equity ratio in the Carmichael project

-Expect 11-15 mtpa of coal from phase 1 to be used for captive use

-2020 is the year of ramp up

-Expect 18 mt coal production in first year from Carmichael

-Expect 25 mt coal production in second year from Carmichael

Biocon says

-US FDA target action date for Trastuzumab reset to December 3

-US FDA informed Mylan that it will extend target action date for Trastuzumab

-Time extension will have no impact on anticipated timetable

Schaeffler announces merger of its Indian entities

Alert: Schaeffler India has 3 entities- FAG Bearings (listed), INA Bearings, LuK India

-Schaeffler India will issue 10 shares of INA India for every 65 shares held

-Schaeffler India to issue 10 shares of LuK India for 35 shares held

-Schaeffler India to issue 14.64 million new equity shares

Alert: Promoter currently owns 51.33 percent in Schaeffler India, 100 percent in LuK India & INA India

Alert: Shareholding of promoter group after the merger will be 74.13 percent

Other stocks and sectors that are in news today:

-Ajanta Pharma gets US FDA nod for Migraine drug, Eletriptan hydrobromide tablet

-Harshil Mehta elevated to 'joint managing director and chief executive officer' from CEO of DHFL

-Reliance Industries fixed record date for bonus equity shares as September 9

-Aksh Optifibre's service division bags national level banking correspondent contract from Bank of Baroda

-Fortis Healthcare sells its stake in Fortis Medicare International Limited to Fortis Global Healthcare

-Cochin Shipyard and Central Institute of Fisheries Technology signed MOU for building fishing vessels

-Shree Pushkar Chemicals board meeting on September 4 to consider various business proposals (can be an acquisition)

-Wonderla Holidays inaugurates 2 new rides in Kochi, India's first reverse lopping roller coaster

-Corporation Bank revises interest rate in savings accounts

-Lyka Labs board has decided to offer and issue 5,50,000 convertible warrants to promoter group on preferential basis

-Grasim Industries in focus - Aditiya Birla Capital to list on Friday

-Retail part of NTPC OFS subscribed 73 percent; government collects Rs 9,136 crore from the OFS

-Amtek Auto IRP seeks resolution plans from potential investors: Mint

-Warburg Pincus, Crompton Greaves, Bain eye controlling stake in Surya Roshni as promoters look to exit: ET

-Vedanta Resources names ex-CEO Kuldip Kaura as interim chief executive

-Wipro shareholders give approval for Rs 11,000 crore buyback proposal

-McDonalds says no to settlement with Bakshi

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NIFTY 50 10066.40 (51.90) (0.51%)

Indian Benchmark Index started a week on a positive note. The Nifty opened at 10050, made an Intraday high of 10112 and make a low of 10048 and closed at 10102. Bank Nifty made a fresh all time high of 25168. This is the first time the Index closed above the psychological level of 25000.The Index opened at 24881 and closed at 25104. on Monday. On Tuesday, A flat trading session witnessed due to ongoing RBI’s policy meets which may bring a see-saw move in the markets. Nifty 50 was traded range bound Nifty closed at 10114, up 38 points. On Wednesday, Lack of movement was there in the market due to the RBI’s quantum of policy rate cut. The decision to lower the rate by 25 bps to 6% was already factored in. They added that no change in cash reserve ratio left the markets cold too. This is the first rate cut since October 2016.The Nifty scaled a fresh new peak at the outset and made an all time high of 10138. However, it tripped and settled down 33 points, at 10081. On Thursday, Nifty made a high of 10081 and closed at 10014 after making a low of 9998.The index ended lower by 68 points. On Friday, The nifty is trading below support level 10000. Nifty has opened at 10009 made a high of 10075 & came down to 9988 level and closed at 10066. The benchmark Index Nifty50 (spot) opened the week at 10034.75 made a high of 10137.85 low of 9988.35 and closed the week at 10066.40. Thus the Nifty closed the week with a gaining of 51.90 points or 0.51%.