28 Nov: India Daybook – Stocks to watch for

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India Daybook – Stocks to watch for:


Swaraj Engines to Consider Proposal to Buy Back Shares Nov. 28 (Positive)

GAIL Is Said to Receive Gazprom Letter on LNG Contract Start (Positive)

Rural Electrification Plans to Sell 7.5b Rupees 5Y Bonds (Positive)

Archidply Industries: 2Q profit 17.5m rupees vs 15.2m y/y (Positive)

IDBI Bank: Approved sale of 7.4m or 1.5% shares in NSEIL (Positive)

PNC Infratech: Secures fund for Jhansi-Khajuraho road project (Positive)

Satin Creditcare: To raise 2.05b rupees from investors, founders (Positive)

Tata Power: Unit Tata Power Solar commissions Rooftop Solar Carport (Positive)

NALCO says Govt cuts stake in co by 5.16% to 60.2% (Positive)

Coal India: Says govt transferred 0.31% stake in co. to Bharat22 ETF for INR5.1b (Neutral)

Jagran Prakashan: Sebi imposes fine on 4 entities in Jagaran Prakashan matter (Neutral)

PNG Housing to sell up to 1 cr shares representing 6% of total paid up equity share capital; Floor price of offer at `1,325 per equity share (Negative)

RCom Says Surprised by ‘Untimely and Premature Action’ of CDB (Negative)

Motilal Oswal bets big on oil & gas cos, initiates coverage on Mahanagar Gas, upgrades ratings for Gujarat Gas & IGL (Positive)

Motilal Oswal Upgrades Gujarat Gas to BUY rating, sees EPS rising at a CAGR of 40% over FY17-20; Any focus on pollution in Gujarat will lead to sharp volume growth, target Rs 1011/sh (Positive)

T&D projects may generate revenue of Rs 400 cr in FY21 against debt of Rs 1,600 cr in case of Kalpataru Power, says Kotak Securities, target Rs 515/sh (Positive)

Kotak Securities bullish on L&T post Hyderabad metro order, increases co's equity value of metro to Rs 4,500 cr, target Rs 1370/sh (Positive)

Credit Suisse initiates coverage on Eris Life with an OUTPERFORM rating; says co's entry into new areas will boost growth going ahead, target Rs 770/sh (Positive)

Britannia: Downgraded to Hold at Anand Rathi; PT 4,500 Rupees (Negative)