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Top 14 stocks in focus today: TCS, Biocon, MMTC

  • TCS: The IT company will announce its Q3 numbers today.

    MMTC: MMTC Ltd has informed BSE that Neelachal Ispat Nigam Ltd. (NINL) - the Joint Venture Company promoted jointly by MMTC and Government Orissa has signed a mining lease agreement on January 11, 2017 for Iron Ore, the basic raw material for operation of NINL.

    SBI: State Bank of India has signed memorandum of understanding with the Gujarat government for extending bank credit especially in priority sector. Under the MoU country's largest lender will give Rs 30,000 crore worth loans over two-year period.

    MRF: The tyre company has signed MoU with Gujarat government to set up a new manufacturing facility in the state.

    Biocon: Biotechnology major Biocon and pharma firm Mylan said that the US health regulator has accepted Mylan's biologics license application (BLA) for MYL- 1401O, a proposed biosimilar trastuzumab indicated for treatment of breast cancer.

    Mahindra Holidays & Resorts: Mahindra Holidays & Resorts India has increased its stake in Finland-based Holiday Club Resorts Oy by buying additional 6.33 per cent shares at a consideration of Euro 4.37 million.

    Dewan Housing Finance Corp: DHFL is seeking board’s approval for raising funds on January 16 meeting.

    Great Eastern Shipping: The company to decide on raising Rs 500 crore on January 16.

    Mercator: The company approved the floor price of Rs 42.8 a share for QIP.

    NTPC: The company approved an investment of Rs 1,053 crore for Dulanga coal mining project having production of 7 million tonnes per annum.

    Atlanta Ltd: The company informed bourses that it has been declared as a preferred bidder for six laning of Km 401.20 to 494.41 of NH-8 in the States of Gujarat (Length 93.210 Km) under NHDP Phase V (Package-VI) on hybrid annuity mode at a total project cost of Rs 1,292 crore by the National Highways Authority of India (NHAI).

    Prakash Industries: The company said the government of Odisha has executed and registered a mining lease of iron and manganese ore in favour of Prakash Industries for a period of 50 years.

    APL Apollo: The company received two more designs patents.

    ICRA: Birla Sun Life Asset Management Company said it has raised its stake in rating agency ICRA to 9% by buying additional 2 lakh shares from the open market.

    IL&FS Transportation Networks: IL&FS Transportation in a joint venture with PJSC Kyivmetrobud has bagged the Rs 3.71 bn Chennai Metro Rail Ltd (CMRL) contract for design validation and construction of underground stations.

    Royal Orchid Hotels: Royal Orchid Hotels has acquired Amartara Hospitality by buying additional 24.9% stake in it.

    Lupin: The pharma company has received final approval from the US health regulator to market its Desoximetasone cream, used for treatment of skin disease, in the American market.


     

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