6 Oct: Stocks to watch for

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India Daybook – Stocks to watch for:

IDFC & Shriram Group extend agreement for strategic combination till November 8 (Positive)

Future Retail's expansion drive continues, will acquire Hypercity for Rs 655 cr (Positive)

IDBI Bank: Says shareholders approved up to INR18.6b of share allotment to govt (Positive)

Lovable Lingerie: to consider the proposal for buyback its shares (Positive)

Phoenix Mills: JV with CPPIB buys additional 1.8 acres land in Pune (Positive)

Tata Steel: Says 2Q India sales 3.13m tons vs 2.62m y/y, Europe sales 2.60m tons vs 2.26m y/y & South-East Asia sales 0.67m tons vs 0.65m y/y (Positive)

Booster shot for economy: GST rates are set to be cut on 60 goods and services (Positive)

SBI's new boss Rajnish Kumar puts bad debt under microscope, but also eyes growth (Positive)

Thyssenkrupp unions fear loss of rights in Tata deal structure (Neutral)

Suzlon Says Banks Afraid of Funding Some Renewable Projects (Negative)

Emkay initiates coverage on BASF India with BUY, estimates a CAGR of 13.6%/39.1% in revenue/EBITDA over FY17-20, raises target to Rs 2212/Sh (Positive)

Motilal Oswal sees key positives for Shilpa Medicare will drive 42% earnings CAGR for co over FY17-20; BUY call, raises target to Rs 805/Sh (Positive)

Morgan Stanley bullish on Jubilant Food, Channel checks show a favourable demand trend for Quick Service Restaurants, raises target to Rs 1780/Sh (Positive)

Amara Raja: Amara Raja New Buy at Haitong Intl, Target Price 840 Rupees (Positive)

United Spirits: United Spirits Raised to Hold at Jefferies, Target Price 2,500 Rupees (Positive)

Colgate: Colgate India Cut to Hold at Jefferies; Cut target to 1,025 Rupees (Negative)

Emami: Emami Downgraded to Hold at Jefferies; Cut target to 1,190 Rupees (Negative)