11 October 2017

11 Oct: Stocks to watch for

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India Daybook – Stocks to watch for:

Cadila Health: Zydus gets USFDA nod for Amitriptyline Hydrochloride tablets (Positive)

India's steel capacity is set to double by the end of next decade (Positive)

Dena Bank approves floor price of QIP at Rs 30.73/share; Dena Bank authorises opening of QIP (Positive)

Oil Minister says aim to gradually move towards market determined prices for gas (Positive)

Honeywell to create two publicly traded companies: CNBC (Positive)

India May Be Able to Develop A Gas Hub in 5 Years: Gail Chief (Positive)

Coal India Signs Salary Increase Pact With Workers’ Unions (Positive)

Carton-Maker Huhtamaki’s India Trouble Is Over as Demand Returns (Positive)

Oil minister Dharmendra Pradhan to launch IGL smart card (Positive)

Apollo Tyres: Raises 15b rupees via QIP at 238 rupees/share (Positive)

Sical Logistics: Approves buying MMTC’s 26% in unit Sical Iron Ore (Positive)

Oil marketing companies play down threats from dealers to go on strike from this Friday (Negative)

CLSA shares view on Jubilant Food, awaiting GST rate revision for restaurants, if any, upgrade target price Rs 1900 per share (Positive)

CLSA shares its view on the IT sector ahead of Q2 earnings, Buy on HCL Tech CMP 902, Buy on INFY CMP 924.3, Buy on TCS CMP 2449, Wipro Maintain Outperform CMP 297.0 (Positive)

CLSA upgrades Axis Bank to BUY from OUTPERFORM, upgrade target price Rs 620 per share (Positive)

ICICI Securities initiates coverage on Cochin Shipyard with a BUY call, bets on co's robust orderbook, debt-free status, Target Price 725 Rupees (Positive)

Birla Corp underway w.r.t its expansion plans; Edelweiss Sec initiates coverage on the co with a BUY call, Target Price 300 Rupees (Positive)

Motilal Oswal Ltd expects Coal India's stock to re-rate going ahead. Here's more of the brokerage's view on impact of wage hike on the co, Target Price 335 Rupees (Positive)

HSBC bullish on Titan, says tactical discounting will help co maximize market share, upgrade target price Rs 700 per share (Positive)

Deutsche Bank positive on Tata Steel owing to co's move to ramp up volume; Raise FY18/19 earnings estimates, upgrade target price Rs 870 per share (Positive)

IDFC Sec says steady cash flow from EPC, power distribution biz can create value for Rel Infra's shareholders; Maintains OUTPERFORM, upgrade target price Rs 683 per share (Positive)

MS cautious on Coal India owing to possible annual wage hike impact on the co, maintains UNDERWEIGHT rating on the stock, Target Price 221 Rupees (Negative)

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