Stocks To Watch: Tata Motors, Adani Power, L&T And More

The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, climbed 0.3 percent to 8,326.

Here are the stocks to watch out for in today’s session:

Tata Motors

• Global sales up 4 percent at 95,081 in December
• Passenger vehicles sales were higher by 8 percent
• Sales of luxury brand Jaguar Land Rover grew 4 percent to 53,063 units in December

• Somany Ceramics: Company issues commercial paper worth Rs 15.00 crore having maturity on March 27, 2017.
• Endurance Technologies: Company’s German unit Endurance Amann GmbH has commenced operations at its new machining plant from January 10.
• Chembond Chemicals: Specialty chemicals maker entered into a share purchase agreement for acquisition of additional 49 percent stake in joint venture company in Malaysia.
• Ess Dee Aluminium: Company gets notice from State Bank of India to discharge liabilities.
• UCO Bank: Public sector lender slashed its benchmark lending rate by 0.7 percent to 8.60 percent for 1-year tenor.
• Glenmark Pharmaceuticals: To focus on oncology, dermatology, respiratory products; to launch inhalers in 3-4 years.
• Bartronics India: Company to consider making investments and transfer of FI division to unit.
• Hind Rectifiers: Company to consider right issue of equity shares on January 15.
• Cairn India: Promoter Vedanta Ltd. to acquire additional 2.55 percent stake in the company from its wholly-owned subsidiary. Promoter holding would remain unchanged at 59.85 percent.

Also Read: RBI’s Autonomy Is Fundamental, We Have To Maintain It: Bimal Jalan

Media Reports

Tata Power, Adani Power

• U.S.-based electricity producer AES Corp along with Tata Power – ICICI Venture Funds and Adani Power has placed bids for Rajasthan’s power projects
• All three have cleared the request for proposal stage

(Mint)

• Maruti Suzuki: Japan's Suzuki Motor Corp. said its new automotive plant in Gujarat will start production from next month. (PTI)
• Bharti Airtel: Telecom operator filed an additional affidavit in the Telecom Disputes Settlement and Appellate Tribunal charging the regulator with killing competition in the sector just for the sake of one operator. (Financial Express)
• Reliance Industries: The Supreme Court asked the Centre to explain its policy decision in allocation of gas produced from Reliance Industries-operated Krishna–Godavari basin. (Financial Express)
• Adani Ports and SEZ: Company said it is contemplating issuing foreign currency denominated bonds. (PTI)
• Steel Companies: The government may soon impose anti-dumping duty on 19 colour-coated steel products with a view to protect domestic players from cheap inbound shipments and give a fillip to the sector. (PTI)
• Suzlon Energy: Company to raise Rs 800 crore from private equity firms ACP and Olympus to create a renewable energy platform. (Mint)
• Lakshmi Vilas Bank: Lender in talks with Singapore-based investment firm Temasek to raise capital. (Economic Times)
• 3M India: The local unit of U.S.-based 3M Corp is now eyeing a foray in India's defence sector. The company claims it has wide experience in this sector globally, which it can extend to India as well. (Business Standard)
• ICICI Prudential Life Insurance: ICICI Prudential and ICICI Lombard buy 12 percent stake in fledging payments bank Fino Paytech, for Rs 150 crore. (Economic Times)
• Indian Hotels : Company, which has challenged a Delhi High Court order allowing New Delhi Municipal Council to auction the iconic Taj Mansingh Hotel, told Supreme Court that it was "not clear" why NDMC wanted auction the prime property which gave the "best revenue" to it. (PTI)
• Larsen & Toubro, Tata Projects: Mumbai's regional development agency MMRDA shortlisted as many as 29 contractors, including consortia led by L&T, Tata Projects and Pallonji Group, for the much-delayed sea-link across the harbour on the east coast of the megapolis. (PTI)
• BMW India: German luxury carmaker BMW sold 7,861 units in India last year, up 14 percent from last year. (PTI)

IPO Watch

• National Insurance Co: Public sector firm, gearing up for its maiden share sale either through strategic divestment or initial public offer, said it aims to meet the regulatory criteria by March 2017. (PTI)

Earnings Watch

The South Indian Bank Ltd.

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