Here are stocks that are in the news today:
Results on Friday: SREI Infrastructure Finance, Supreme Infrastructure India, Tourism Finance Corporation of India.
Results on Saturday: Siemens, Anik Industries, PNB Gilts.
Tata Investment Corporation: Board of directors will consider a proposal for buyback of equity shares at its meeting to be held on November 16.
Fundraising meet on November 17: Sical Logistics, Shalimar Paints
Yes Bank – O. P. Bhatt has tendered his resignation from his duties as an External Expert of the Search & Selection Committee
Glenmark Pharmaceuticals receives ANDA approval for Teriflunomide Tablets, 7 mg and 14 mg
Infosys: Company announces Jayesh Sanghrajka as interim CFO. Current CFO MD Ranganath will step down on November 16 and board is in the process of selecting the next CFO.
Venus Remedies: Company announced positive topline results in the Phase-3 clinical trials for its flagship product Elores. Elores is a novel, patented critical care antibiotic combination targeting unmet medical needs in Antimicrobial Resistance (AMR) space.
IDBI Bank – S&P Global rating affirmed ”BB” long-term and ”B” short-term issuer credit ratings
Sumeet Industries Q2: Consolidated loss at Rs 25.65 crore against profit at Rs 10.18 crore; revenue falls to Rs 214.12 crore versus Rs 288.35 crore YoY.
Bannari Amman Spinning Mills: CARE reaffirmed its rating on credit facilities availed by the company from banks.
Lemon Tree signs license agreement for a 76-room property in Odisha. The hotel will be operational by March 2020
SRF: Company’s facility to produce agrochemical at Chemical Complex in Dahej, Gujarat has been commissioned and capitalised at a cost of Rs 257 crore.
Tata Sponge board approves the issuance of preference shares worth Rs 1,000 crore to promoter Tata Steel
Bank of Baroda: Capital Raising Committee of the bank has approved issuance of Tier-II Capital Bonds compliant with Basel Ill Capital Regulations of the Reserve Bank of India for issue size not exceeding Rs 1,500 crore, with a base issue size up to Rs 500 crore and a Greenshoe option to retain oversubscription up to Rs 1,000 crore, in single or multiple tranches.
Aviation and Telecom: Finance ministry is working on a sectoral analysis to fix issues in aviation & telecom sectors – CNBC-TV18 sources.
IL&FS: Company was unable to service obligations on the interest of Rs 4.7 crore due November 14 on NCDs.
UltraTech Cement: Rajputana Properties requests committee of creditors (CoC) to not give effect to NCLAT order upholding Ultratech bid. The letter is addressed to CoC, IRP & UltraTech Cement – CNBC-TV18.
Jet Airways: Company said reports of Tata eyeing merger of Vistara with the company are speculative in nature. There are no discussions or decisions taken by the board.
Kotak Mahindra Bank: Government of Singapore bought 95,57,522 equity shares of the bank at Rs 1,130 per share while ING Mauritius Investments I sold 1,27,45,702 shares at the same price on Thursday.
Analyst or Board Meet/Briefings
Narayana Hrudayalaya: Company’s officials will be meeting several institutional investors November 16 in Mumbai.
Sutlej Textiles & Industries: Company organised Investor and Analyst Meet 2018 to be held on November 22.
Nishtha Finance and Investment: Board meeting is scheduled on November 22 to consider a proposal to issue convertible warrants to promoters and non-promoters.
Heidelbergcement India: Company’s representatives namely, Jamshed Naval Cooper, Managing Director, Anil Kumar Sharma, Chief Financial Officer and Amit Angra, Senior GM – Finance will be meeting the representatives of Alquity Investments on November 16 at Gurugram.
Vedanta: Company’s officials will be meeting analysts/investors at CLSA India Forum, 2018 on November 16.
Automotive Axles: Analyst/Investor Conference Call has been organised on November 16 to discuss on the financial performance for second quarter FY19.
KSB: Company’s officials will be participating in an investor conference on November 16.
MBL Infrastructures: Company is organising a Conference Call on November 16 to reply to the queries of various stakeholders on the operational and financial performance for the quarter and six months ended September 2018.
Bharat Road Network: Company will be hosting Q2 & FY19 earnings conference call on November 16 following the announcement of financial results for the quarter and six months ended September 2018.
Marico: Company’s officials will be meeting analysts/investors at CLSA meet on November 16.
Shriram City Union Finance: Company’s officials will be meeting mutual fund houses on November 16.
CMI: Annual General Meeting of the members of the company will be held On November 29.
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