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    Top stocks in focus on 05 December 2017

    Synopsis

    Here is a list of top stocks that are likely to be in focus in today's trading session.

    ETMarkets.com
    NEW DELHI: Domestic equity markets are likely to see a negative opening on Tuesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.

    At 8.02 am, Nifty futures trading on SGX were trading 27 points, or 0.27 per cent, lower at 10,133.50, indicating a negative start for the Nifty50. Here is a list of top stocks that are likely to be in focus in today's trading session.

    Eros International Media: NYSE-listed Eros International, the holding company of Indian film studio Eros International Media, has entered into definitive agreement to raise $100 million from an institutional investor. The move will help the company repay $53 million outstanding under its revolving credit facility (RCF), while rest will be used for general corporate purposes, Jyoti Deshpande, group CEO at Eros International, told ET.

    Rural Electrification Corp: Public-sector financiers Rural Electrification Corp (REC) and Indian Railway Finance Corp (IRFC) could raise at least $600 million by selling dollar bonds to investors in Asia and Europe in the next 10 days, three people familiar with the initiatives told ET.

    Tata Communications: Tata Communications, the telecom unit of Tata Sons which looks into enterprise, cloud and security solutions, has earmarked a capital expenditure (capex) of $20-25 million (Rs 130-160 crore) for its overall cloud business for the coming calendar year.

    Bharti Airtel: Bharti Airtel has acquired a stake in Juggernaut Books, a digital platform to discover and read books and submit amateur writing, as India’s leading telecom operator looks to beef up its content play to take on Reliance Jio Infocomm.

    Zensar Technologies: The chief financial officer of Zensar Technologies, Manoj Jaiswal, has resigned just a year after joining the mid-sized software services company. “He will be relieved from his duties with effect from the closing of business hours on December 4,” the RPG Group company said in a regulatory filing on Monday, without specifying the reason for Jaiswal’s exit.

    ONGC: Oil and Natural Gas Corporation’s partners in six pre-NELP blocks will have to share royalty, cess and other government charges with the state firm in proportion to their stakes, ending the current practice of ONGC alone bearing state levies for entire production, according to an oil ministry proposal that would soon be sent to the Cabinet.

    Balaji Amines: The company said that the Department of Industries, Energy and Labour, Mantralya, Mumbai has conferred 'Mega Project' status to the Expansion Project being under taken by the Company at an Project Outlay of Rs 296 crore at MIDC Chincholi, Solapur, Maharashtra. The status of Mega Project entitles the company to various incentives, subject to compliance of conditions of Package Scheme Incentives (PSI) 2013.

    Nestle India: Nestle India said Monday that Maggi complied with the latest guidelines of FSSAI and it does not add any ash to its popular noodles. District administration of Shahjahanpur, UP, had slapped a fine on Nestle India and its distributors last week after Maggi allegedly failed to pass the lab test and found ash content above the permissible limits for human consumption. Nestle India on Monday declared an interim dividend of Rs 33 per share for 2017.

    Airline stocks: India’s domestic passenger traffic grew by 20.4% in October, a global airline association said on Monday. According to the International Air Transport Association, India’s domestic demand was highest amongst major aviation markets like Australia, Brazil, China, Japan, Russia and the US.

    PSU banks: The finance ministry is working with state-run lenders to frame a common set of rules for valuation of stressed assets for faster resolution of loans extended by consortia of banks.

    Adani Enterprises: Adani’s controversy-hit Carmichael coal mine project in Australia has hit another road-block after China’s two major state-run banks said they have no plans to finance the venture, media reports said on Monday.

    Supreme Holdings: Supreme Holdings & Hospitality has entered into a Facility Agreement on 02 December 2017 with Altico Capital India for availing Term Loan of up to Rs 110 crore. The funds will be utilised for general corporate purpose and for construction and development of Pune residential project, ' Belmac Residences'.

    IPO WATCH
    Ahmedabad-based multi-specialty hospital chain Shalby raised over Rs 150 crore from anchor investors, ahead of its initial share-sale, which opens on Tuesday. The companys IPO committee has finalised allocation of 60,70,150 equity shares to 11 anchor investors at Rs 248 apiece, also the upper price band for the offer, Shalby informed to the stock exchanges. At this price, the total amount works out to be Rs 150.54 crore, it added.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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