17 Nov: India Daybook – Stocks to watch for:

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India Daybook – Stocks to watch for:


Matrymony: 2Q net revenues Rs 83.6 cr versus Rs 73.6 cr, net profit Rs 19.2 cr versus Rs 11.6 cr (Positive)

Ahlu Contract: 2Q net revenues Rs 334.5 cr versus Rs 290.3 cr, net profit Rs 25.8 cr versus Rs 19.7 cr (Positive)

National Ply: 2Q net revenues Rs 12.7 cr versus Rs 7.6 cr, net profit Rs 40 lakhs versus loss of Rs 1.6 cr (Positive)

India Raised to Baa2 From Baa3 by Moody’s, Outlook to Stable (Positive)

Edelweiss: RBI increases FII limit to 49% from 40% (Positive)

Cabinet approves Rs 3,320 cr plan to boost judicial infrastructure (Positive)

Sources: CCI clears Airtel India -Tata Tele merger (Positive)

IFC & HDFC launch a $800 m fund to finance affordable homes (Positive)

Bank of Baroda plans QIP to raise funds within board approved limit (Positive)

Prakash Industries to consider issue of shares/convertible warrants (Positive)

Ashok Leyland: Signs pact to buy 4.68% in Hinduja Leyland Finance from Everfin Holdings at 110 rupees per share (Positive)

ICICI Lombard: RBI increases FPI limit in co.’s shares to 49% from 24% (Positive)

Petronet LNG: RBI increases FPI limit in co.’s shares to 40% from 30% (Positive)

Tech Mahindra: indraCo, Los Angeles, USC in smart city energy initiative (Positive)

Mercator: Says unit aims to begin oil production by 1H 2018, submits development plan for oil discoveries to DGH (Positive)

India asks NTPC to mix crop stubble with coal for power plants (Negative)

Bharat Heavy: Downgraded to Hold at HSBC; PT 95 Rupees (Negative)