INDIAN STOCKS TO WATCH | STOCK MARKET TRADING TIPS

STOCKS TO WATCH- Friday 16 DEC 16 - Axis Bank, Idea Cellular, J&K Bank, Maruti Suzuki

Axis Bank Ltd:

Axis Bank Ltd., the private lender will be in focus after it said that it has so far suspended 50 accounts and 24 employees for suspicious activities.

Claris Lifesciences Ltd:

Claris Lifesciences Ltd., the drug maker will be in focus after US-based Baxter International Inc entered into a definitive agreement to acquire Claris Injectables, a wholly owned subsidiary of Claris Lifesciences, for approximately $625 million (Rs 42.37 billion).

Confidence Petroleum India Ltd:

Confidence Petroleum India Ltd., the maker of liquefied petroleum gas (LPG) cylinders, will be in focus after it informed exchanges that a meeting of the board of directors will be held on December 19 to consider the proposal of buyback of equity shares of the company.

Dilip Buildcon Ltd:

Dilip Buildcon Ltd (DBL), the road developer, will be in focus on winning road project in Andhra Pradesh worth Rs 2.60 billion.

IL&FS Transportation Ltd:

IL&FS Transportation Ltd., the operator of raid assets, will be in focus after it informed exchanges of its decision to acquire all the equity investments held by Elsamex SA & its group companies in their Indian subsidiaries.

Idea Cellular Ltd:

Idea Cellular Ltd., the third largest telecom operator will be in focus on media reports that it is in talks to acquire Telenor's India unit in all cash-deal. The company will take over all the liabilities of the Norwegian telecom operator's local business.

Jammu & Kashmir Bank Ltd:

Jammu & Kashmir Bank Ltd., the state run lender will be in focus after it posted a net loss of Rs 6.02 billion for the second quarter ended September 30. However, the bank had posted a net profit of Rs 1.96 billion in the corresponding quarter of the previous fiscal.

Karnataka Bank:

Karnataka Bank, the state run lender will be in focus on conclusion of right issue. The lender offered one share for every two shares at Rs 70 apiece which has ended with a subscription of over 185%.

L&T Technology Services Ltd:

L&T Technology Services Ltd., the technology arm of Larsen & Toubro, will be in focus after Zinnov recognised the company as an Expansive and Established player in Zinnov Zones 2016 Product Engineering Services and in the Leadership Zone across 10 major industries due to the company's best in class solutions, capabilities and offerings that seamlessly combine cutting edge infrastructure with a robust innovation-led portfolio.

Maruti Suzuki (India) Ltd:

Maruti Suzuki (India) Ltd., the largest car maker, will be in focus as it is looking to expand its product offerings at the NEXA chain of premium dealerships, which will sell a third product, the Ignis, starting next month.

Phoenix Mills Ltd:

Phoenix Mills Ltd., will be in focus after it said its shareholding in Alliance Spaces Private Ltd has risen to 36.76% following a 3.75% stake purchase from K2A Hospitality Ltd.

Sical Logistics Ltd:

Sical Logistics Ltd., the logistic company will be in focus after it informed exchanges that due to the recent cyclone Vardah which hit Chennai on Monday, the logistics operations at Chennai and Kamarajar Port and the activities at the CFS of subsidiary company got interrupted. However

Welspun India Ltd:

Welspun India Ltd., will be in focus after announced its foray into flooring solutions with the foundation stone laying of Rs 6.00 billion state-of-the-art facility in Anjar, Gujarat to manufacture carpets, area rugs and carpet tiles.

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