Thursday, July 12, 2018

Top Stocks in focus today: HCL Tech, Fortis, Tata Comm, Vakrangee

HCL Technologies board has approved buyback of up to 3.64cr (2.61%) shares worth Rs4,000cr at Rs1,100 each.

Fortis Healthcare approves binding investment proposal from IHH Healthcare.

NCLT approved demerger of Tata Communications and Hemisphere Properties India.

Vakrangee entered into alliance with Reliance Nippon Life Asset Management to offer mutual fund distribution.

SBI clarified that a 100% provision has been made for the Topworth Group case.

Allahabad Bank plans to divest stake in joint ventures, associates and sell some immovable properties.

HCC failed to provide resolution timeframe for Lavasa Project, as per media reports.

Avendus-KKR Frontrunner to buy IDFC MF, as per media reports.

HDFC’s board to meet on July 17 to consider and approve issue price of preferential allotment.

Varroc Engineering to set up new facilities at Chennai (India) and Poland for manufacturing exterior lighting components.

Avanti Feeds' stock in focus. The Thai Union Group has committed to remain invested. They will keep shareholding between 20% to 25%.

Themis Medicare intimated Novartis that it has received show cause notice from drug licensing authority at Daman to not to manufacture Diclofenac 1ml injection until the matter is decided.

HOEC announces completion of two well re-entry and side track drilling campaign which commenced in April 2018.

Talwalkars Lifestyles board has recommended a dividend at 10% of face value per share (Re 1- per equity share of Rs10).

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