Domestic equity markets are likely to open in red on Wednesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
Here is a list of top stocks that are likely to be in focus today:
Steel Authority of IndiaBSE 0.17 % and Monnet Ispat: Amid speculations that public sector Steel Authority of India Ltd (SAIL) may take over debt-ridden Monnet IspatBSE 7.95 % & Energy Ltd, Steel Minister Chaudhary Birender Singh has ruled
out any such possibility.
Adani Ports: Adani Ports and Special Economic Zone (APSEZ), India’s largest ports company, plans to raise at least $500 million through overseas bond sales and use the proceeds to refinance some current loans and fund expansion, two people familiar with the debt issue told ET.
ICICI Bank: ICICI Bank said that the Committee of Executive Directors of the bank at its meeting held on Tuesday has approved the proposal for fund raising by way of issuance of senior unsecured long term bonds in the nature of debentures in single/multiple tranches on private placement basis.
Indian Oil CorporationBSE -0.43 % (IOC): Indian OilBSE -0.43 % Corp has been losing Rs 1 crore daily since February as an agitation in Kerala has hit its planned Rs 2,200 crore liquefied petroleum gas (LPG) import terminal and pipeline project, the company said in a statement on Tuesday.
Uco Bank: State-run Uco BankBSE -1.01 % may require Rs 3,000-4,300 crore of tier 1 capital in the FY2018 and FY2019 to cover the losses for the last two years, rating company ICRA said, after downgrading the bank’s bond programmes.
AstraZeneca Pharma: The company on Wednesday said it has received marketing authorisation from the Drug Controller General of India (DCGI) for Symbicort, a medicine used for treatment of asthma.
Reliance Communications: Global brokerage firm Credit Suisse maintained ‘Underperform’ rationg on Reliance Communications but cut the target price to Rs 15 per share from Rs 30. The company has put its property monetisation exercise on fasttrack and is targeting an overall 80 per cent reduction in its near Rs 45,000-crore debt by December.
Thomas CookBSE 0.71 % (India): The company has announced that on June 20, 2017 it has received an intimation from Travel Corporation (India), wholly owned subsidiary of the Company, intimating that it has successfully subscribed to 49 per cent of equity share capital of TCI-Go Vacation India , a joint venture Company with DER Touristik Group.
Canara BankBSE 0.87 % and CARE: State-owned Canara Bank has decided to sell nearly 9 per cent stake in the credit ratings firm CARE Ltd that could fetch it over Rs 393 crore.
Idea Cellular: Idea Cellular’s revenue and Ebitda (earnings before interest, taxes, depreciation & amortisation) estimates for FY18 and FY19 have been cut following a sharp 27 per cent fall in the company’s incremental revenue market share in FY17, high contingent liabilities and a hefty repayment burden over the next three years, brokerage CLSA said in a note seen by ET.
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