Today's top indian stocks to watch in indian share market on 17 july 2017, get valuable intraday trading tips by experts and book your profit in stock market.
State-run lenders:
Allahbad Bank, Andhra Bank, Canara Bank and other state-owned lenders will be in focus as the government is working on a consolidation agenda with a view to creating 3-4 global-sized banks and reduce the number of state-owned lenders to about 12. The 21 public sector banks would get consolidated to 10-12 in the medium term.
Alkem Laboratories Ltd:
Alkem Laboratories Ltd., a local drug maker, will be in focus after the US FDA has not issued any 'observation' post inspection of its Taloja facility in Maharashtra.
Adhunik Metaliks Ltd:
Adhunik Metaliks Ltd., an alloy and construction steel maker, will be in focus after the State Bank of India filed insolvency plea against the company in law tribunal on July 11.
Bharat Petroleum Corporation Ltd:
Bharat Petroleum Corporation Ltd (BPCL), the state-owned refiner, will be in focus after it bought a cargo containing 500,000 barrels each of Mars and Poseidon for delivery from Sept 26 to Oct 10, its first purchase of US oil.
Cadila Healthcare Ltd:
Cadila Healthcare Ltd., a local drug maker, will be in focus after it received tentative nod from the US FDA to market Fingolimod capsules used for treatment of multiple sclerosis.
GMR Infrastructure Ltd:
GMR Infrastructure Ltd., the Bengaluru-based infrastructure developer, will be in focus after it is in talks with sovereign wealth fund Abu Dhabi Investment Authority (ADIA) to sell a stake of up to 49% stake in Hyderabad International Airport. The company is also looking to sell non-core assets to lighten its debt burden. If the transaction goes ahead, the airport entity will be valued at Rs 50 billion.
ICICI Bank Ltd:
ICICI Bank Ltd., India's second largest private lender, will be in focus after its joint venture with Canada-based Fairfax Financial Holdings, ICICI Lombard General Insurance Company, has filed draft prospectus with SEBI to dilute around 19% stake through an initial public offering.
Inox Wind Ltd:
Inox Wind Ltd., an Indian wind energy service provider, will be in focus after it is challenging the NCLT's Chandigarh bench order on insolvency, claiming it is solvent and in "excellent" financial health. NCLT passed an order on Jul 5, clearing way for the insolvency of the company after an 'operational creditor' Jeena and Co moved a petition for the same citing non-payment for services it provided to Inox Wind for clearance of import shipments.
JSW Energy Ltd:
JSW Energy Ltd., a JSW group led power supplier, will be in focus after its deal with regard to buying Jindal Steel and Power's 1,000 MW power plant in Chhattisgarh is on track and is likely to close by June next year.
MOIL Ltd:
MOIL Ltd., a state-owned manganese-ore miner, will be in focus on signing a MoU with the steel ministry to meet production target of 1.25 million tonnes and a capex of Rs 2.06 billion in the ongoing financial year.
Tata Steel Ltd:
Tata Steel Ltd., India's biggest privately owned integrated steel maker, will be in focus after it emerged as the first steel company to enter into a Long Term Tariff contract (LTTC) with Indian Railways. The LTTC has been introduced by Indian Railways to establish long-term contracts with customers with guaranteed incremental revenue for Indian Railways.
ACC Ltd., Jubilant FooodWorks, Prakash Industries, AGN Industries, Cochin Minerals, Sharda Motor Industries, Hindustan Media Ventures Ltd., Indian Metals Ferro Alloys Ltd., will announce Apr-Jun quarter earnings release today.
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