4 Dec: India stocks in action

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India Daybook – Stocks to watch for:


HAVELLS: To wind up units in US & Chile and to also transfer Brazil unit to investors consortium (Positive)

November Auto Sales HeroMotoCorp Total Sales at 6.05 Lakh Units, Up 26% (Positive)

Tata Motors Domestic sales grows by 58% on the back of strong Commercial and Passenger Vehicles sales performance 52464 units versus Bloomberg estimate of 45500 (Supportive news for Tata motors)

Jindal Saw: "CARE AA- Rating assigned with positive outlook for Bank Facilities and Non-Convertible Debenture". (Positive)

Biocon Mylan's Biosimilar to Roche's Herceptin Gets US FDA Approval (Positive)

Emerging Markets Equity Fund buys 23.73 lakh shares of Escorts (Positive)

Dr. Reddy’s: Gets EIR for CPS facility at Miyapur Hyderabad (Positive)

Bajaj Hindusthan promoters to cut stake for debt resolution (Positive)

PFC mobilises USD 400 mn through maiden green bond (Positive)

AU Small Finance Bank in pact to sell mutual fund schemes (Positive)

JSW Energy Limited successfully secured PPAs aggregating to 208MW (Positive)

Hindustan Oil Exploration: Eni’s Former Indian oil explorer targets 12-fold revenue jump (Positive)

Mahindra Logistics: Says 1H FY17 net income up 30% to 2.87b rupees vs 2.21b y/y (Positive)

Coal India, Railways load record 257 freight rakes on power plants' demand (Positive)

Bharat Financial: Completes Securitization of 4.2b rupees (Positive)

Biocon: Mylan, co. say EMA accepts for review MAA for cancer treatments (Positive)

Infosys Names Capgemini’s Salil Parekh as CEO (Positive)

India Eases Mine Auction Rules to Encourage More Bids: Kumar (Positive)

Vijaya Bank: Board approves fund raising of INR13b via tier 1 bonds (Positive)

Tata Steel: To acquire Bhubaneshwar Power stake from JL Power for 2.55b rupees (Neutral)

TVS Motor domestic two-wheeler sales rise 11% to 243323 units in November versus estimates 243323 units (Negative)

Wipro says National Grid US filed lawsuit against co in US court, National Grid sought $140 m in damages (Negative)

CLSA maintains BUY on Infosys post appointment of new MD & CEO, Salil Parekh, target Rs 1140/sh (Positive)

Citi bets big on Biocon after co & Mylan get USFDA nod for Trastuzumab's biosimilar branded Ogivri, target Rs 525/sh (Positive)

Axis Bank (AXSB IN): Axis Bank Downgraded to Neutral at Haitong Intl; target 594 Rupees (Neutral)