Top stocks in focus on Monday, 14 August 2017 – Economic Times

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NEW DELHI: Domestic equity markets are likely to open on a positive note on Monday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

SGX Nifty was trading 57.50 points, or 0.59 per cent, higher at 9,784 around 8.20 am (IST), indicating a positive start for NSE Nifty index.
Here is a list of top stocks that are likely to be in focus today

CIL, IDBI Bank: Coal India, IDBI Bank, Grasim Industries, AIA Engineering, Bajaj Hindustan, Unitech, Future Consumer, Jain Irrigation, Dredging Corp, Infibeam Incorporation, JK Tyre & Industries are among the companies scheduled to announce their quarterly earnings on Monday.

Dollar Industries: ​Denim major Pepe Jeans has decided to foray into innerwear in India and formed an equal joint venture company with the hosiery player Dollar Industries.

Uniply Industries: The company will sell its plywood division to its associate UV Boards for Rs 300 Crore. The transaction will fully deleverage Uniply’s consolidated balance sheet and increase Uniply’s stake in UV Boards to 37.11 per cent.

Vinati Organics: Board approves SHARE buyback of up to 2 lakh shares.

Fortis Healthcare: The Supreme Court has told Malvinder and Shivinder Singh to maintain the current status of shares held by one of their companies in Fortis Healthcare. The order might block the brothers from selling any shares in Fortis Healthcare.

CARE Ratings: The Securities and Exchange Board of India is examining Crisil’s June 29 purchase of an 8.9 per cent stake in rival credit rating firm CARE Ratings after the latter complained the transaction was an attempt at a potential hostile takeover, said people with knowledge of the matter.

Tata Steel: The Tata Group is said to be exploring plans to hive off the strategic engineering division (SED) of Tata Power Company as part of a strategy to consolidate its defence businesses.

SpiceJet: No-frills Indian carrier SpiceJet will use the ‘sale and leaseback’ route to induct about a sixth of the 275 aircraft it has ordered, sticking to its goal of staying asset-light until the fleet expansion scheduled over the next three years is complete.

DLF: ​ The deal between the country’s largest realty developer DLF and Singapore’s sovereign wealth fund GIC for a 40 per cent stake in DLF Cyber City Developers (DCCDL) has entered the final stages.

Divi’s Labs:Divi’s Laboratories has received environment clearance for modernisation of its bulk drug unit in Visakhapatnam which will entail a cost of Rs 100 crore.

PSU banks: The banking regulator is examining whether auditors at these state-run lenders followed RBI guidelines on write-downs, provisioning and NPAs. The RBI has questioned scores of auditors at 27 PSBs on the process and logic they had used to compute and report write-downs at the lenders.