Stocks In News - Bagging Order(Welspun Enterprises Limited)

 

Welspun Enterprises Limited is the lowest bidder to construct an access-controlled multi-modal corridor in Navghar to Balavali, Maharashtra.

The quoted amount is Rs 1,864.71 cr and will be constructed within 36 months from the date of notice of commencement.

Stocks In News - Bagging Order

1. Punj Lloyd has won orders from GAIL India for construction of pipeline and NHAI for road project.
2. Laying & construction of steel pipeline along with associated facilities for Dhamra-Angul Section of Jagdishpur-Haldia-Bokaro-Dhamra Pipeline Project (JHSDPL) PH-II worth Rs 276.11 cr awarded by Gail (India).
3. it has bagged order from National Highway Authority of India for upgradation of Yargi-Kalewa Road section in Myanmar to two lane with Earth shoulders on EPC mode, worth Rs 1,177 cr.
4. The road project in Myanmar is in joint venture with Varaha Infra.

Must Grab - Prakash Industries (CMP Rs.100)

1. Q1FY18 :- Turn Over 13%, NPM increased to 8.2%

 

• Promoter Share Holding 49%

Reduction in debt liabilityDebt has reduced, so far, by ~ Rs 92 cr on account of conversion of FCCB.
The company had issued US$17.85 mn FCCB in Sep-15, out of which, US$ 14.5 mn bonds have since been converted.

Company is diversified business in Steel (Wire RodsHB Wire,Structural Steels,TMT Bars),Power and PVC Pipes

Company has already decided to Demerger the PVC Pipe Business.

Capacity Expansion Plans

For More Info:-

Stocks In News - Merger

IDFC, Shriram Capital to announce merger to create USD 10 billion company

• Merged entity to have co-branding IDFC Shriram
• Shriram Transport Finance & Shriram City Union to merge with IDFC Bank
• To seek special permission from RBI to waive SLR, CRR requirement
• Shriram AMC to merge with IDFC AMC as a listed company under IDFC
• Shriram Capital's Life & General Insurance to merge with IDFC
• Piramal Enterprises, Apax to continue being investors in merged entity

Stocks In News - Fund Action

1. Saregama India
   Reliance Corporate Advisory Services sells 4 lakh shares@Rs.282.
2. Gokaldas Exports
   Rajtaru Enterprises buys 1.87 lakh shares@Rs.96.35.

Stocks In News - Bagging Order

1. Shriram EPC has won a Rs 71cr contract from the Arulmigu Dandayuthapani Temple, or Palani Temple, in Tamil Nadu to build a ropeway.
2. The scope of the order includes design, manufacture, supply, erection, testing, commissioning, operating and maintenance of the second ropeway to the temple to serve 1,200 persons per hour.

Stocks To Watch - Volume Shockers

Today			Today
Security	Volume (Today)	Avg. Volume (1 Week)	LTP	% Change	Turnover
					(crs)
Shriram EPC Limited	22,14,846	36,946	26.8	12.13	5.94
Himatsingka Seide Limited	21,57,800	54,131	352.7	2.34	79.87
Kewal Kiran Clothing Limited	4,371	179	1,723.00	-0.13	0.74
Healthcare Global Enterprises Limited	4,01,481	18,526	248.5	2.5	9.78
Kotak Mahindra MF - Kotak NV 20 ETF - DPO	30,011	1,886	41.5	-0.36	0.12
Autolite (India) Limited	4,34,917	34,896	63	3.62	2.89
Arcotech Limited	38,91,113	3,24,725	97	19.75	36.59
Magnum Ventures Limited	3,35,122	30,070	11.75	4.91	0.39
Cigniti Technologies Limited	3,07,299	28,619	300.05	13.5	8.95
Spacenet Enterprises India Limited	1,09,083	10,978	0.4	-11.11	0
ABM International Limited	3,451	362	113.05	4.97	0.04
Ganesh Housing Corporation Limited	7,31,436	78,875	113.6	0.13	8.36
Hitech Corporation Limited	97,522	11,199	217.5	7.3	2.09
POLARIS CONSULTING & SERVICES LIMITED	13,47,853	1,59,417	242.35	3.44	33.75
Reliance ETF Dividend Opportunities	706	88	25.61	-1.84	0
Karma Energy Limited	47,135	5,947	46.95	19.92	0.21
Timken India Limited	1,18,077	15,106	662.5	-1.25	7.83
SBI-ETF Nifty Bank	1,887	243	240	-0.7	0.05
Stampede Capital Limited	1,26,95,962	16,49,952	7.95	4.61	9.74
Lotus Eye Care Hospital Limited	1,00,013	15,208	31	-2.82	0.3
Credit Analysis And Research Limited	1,28,964	20,346	1,499.50	0.52	19.27
Automotive Axles Limited	57,960	9,328	715	-1.14	4.2
Kellton Tech Solutions Limited	1,82,521	31,115	111.5	6.14	2.03
Ankit Metal & Power Limited	1,95,030	35,360	1.4	-3.45	0.03
Oriental Trimex Limited	39,681	7,699	11.7	4.93	0.05