Wednesday, 30 August 2017

Stocks are in News Today | Indian Stock Market














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
NTPC | Wipro | Ajanta Pharma | DHFL | Biocon | Aksh Optifibre | Fortis Healthcare | Cochin Shipyard | Wonderla Holidays | Grasim 
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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