Top stocks in focus on 09 March 2018

By | March 10, 2018

Domestic market is likely to see a positive opening on Friday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues. Nifty futures on the Singapore Stock Exchange were trading 35.50 points, or 0.35 per cent, higher at 10,273.50, indicating a positive start for the Nifty50 on Dalal Street. Here is a list of top stocks that are likely to be in focus in today’s trading session.

L&T Finance Holdings: The company is raising up to Rs 850 crore in a share sale to institutional investors, with the non-banking finance arm of India’s biggest construction company taking advantage of the market buoyancy to strengthen its capital base and bankroll expansion.

RCom: The Bombay High Court dismissed a plea by Reliance Communications challenging an arbitration tribunal’s order that restrained the sale or transfer of the telco’s assets, hampering the struggling operator’s plan to pare debt.

IDBI Bank: In what could affect the already cash-strapped corporates, state-run lender IDBI BankBSE -5.54 % has withdrawn and reduced sanctioned credit limits to many Indian companieswithoutstating the reasons behind this action.
REC, PFC: The power ministry has asked the two state-run power sector financiers Power Finance Corp and Rural Electrification Corp to be cautious in lending to power distribution companies that have high distribution losses making it difficult for them to repay the loans.

Apollo Hospitals: Microsoft has partnered healthcare major Apollo HospitalsBSE -1.21 % to create an artificial intelligence-focused network in cardiology. The partnership between Microsoft and Apollo will work to develop and deploy new machine learning models to predict patient risk for heart disease and assist doctors on treatment plans, the companies said in a joint statement.

S Kumars Nationwide: Reid & Taylor, a fashion brand once endorsed by superstar Amitabh Bachchan, and its parent company S.Kumars Nationwide, are headed for the bankruptcy courts after they defaulted on more than Rs 5,000 crore of loans, two senior officials told ET.

Piramal Enterprises: The Committee of Directors of Piramal Enterprises has approved the allotment of 74,85,574 equity shares of face value of Rs 2 each at an issue price of 2380 per equity share including a premium of Rs 2378 per share to the eligible applicants of the rights issue.

Tata Power: The company registered the highest ever gross power generation at 4,647 million units (MU) in February 2018.

Equitas: The Reserve Bank of India (RBI) has imposed Rs 10 lakh fine on Equitas Small Finance Bank as the company was selling mutual fund, pension and insurance products without approval from the regulator.

Prestige Estates: Realty firm Prestige Group today said it has entered into an agreement to acquire 80 per cent stake in Sterling Urban Infraprojects, which holds land parcels in Bengaluru, for a cash consideration of Rs 336 crore.
Filatex India: The company has announced that the commercial production of expansion scheme for putting up additional manufacturing facilities for 190 TPD of Bright Polyester Fully Drawn Yarn and 85 TPD of Bright Chip at Dahej unit has commenced on 07 March 2018.



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