Stocks in focus: Fortis Healthcare, Kwality and GE Power among top stocks to watch

NEW DELHI: The domestic equity market is likely to see a negative start on Wednesday, tracking mixed global cues and Nifty futures on Singapore Stock Exchange (SGX). At 08:14 am, the Nifty futures of SGX were trading 21.50 points or 0.20 per cent lower at 10,677.

Here is a list of top stocks that are likely to be in focus in today's trading session -

Fortis Healthcare: IHH Healthcare Bhd and Manipal Health Enterprises are left in the fray for acquisition of Fortis Healthcare. Malaysian healthcare giant IHH Healthcare Bhd is seen as most aggressive, results likely on Thursday.


Kwality: The company's board has deferred the proposed share buyback and bonus issue.

MMFSL: International Finance Corporation(IFC), a World Bank Group member, has invested Rs 640 crore in Mahindra & Mahindra Financial Services (MMFSL), through secured non-convertible debentures (NCDs).

Dena Bank: Dena Bank will sell a cumulative 60,50,000 shares in three entities, including SIDBI, as part of the public sector bank’s strategy to hive off non-core assets.

Federal Bank: Private sector lender Federal Bank is in talks to acquire Madura Microfinance for about Rs 720-750 crore, ET reported citing sources.

Cipla: It has received USFDA nod for Emtricitabine capsule.

8K Miles: Kotak Mahindra Investments has sold 1,70,000 equity shares at Rs 323.54 apiece.

GE Power: GE Power India has bagged Rs 468 crore orders from BHEL for supercritical thermal power projects in Jharkhand and Tamil Nadu.

Rupa & Company: Satya Brata Ganguly has resigned as director of the company with immediate effect, according to Capital Market.

GVK Group: GVK Group is in exploratory talks with Indianborn Canadian billionaire Prem Watsa’s Fairfax Holdings to sell its nearly 50 per cent stake in luxury hotel chain business TAJGVK Hotels and Resorts, a joint venture with Tata Group’s Indian Hotels Company.

IDBI Bank: The lender's plan to sell stake in IDBI-Federal Life Insurance may be dropped with LIC entry.

VST Tillers: The company's June total sales fell 24 per cent to 3,819 units against 5,053 units, Bloomberg Quint reported.

United Bank of India: The state-run bank has revised MCLR across all the tenors with effect from July 5, 2018.

Maruti, Sun Pharma: Foreign brokerage CLSA has removed Ramco, Zee and ICICI Bank from its model portfolio and has added weight to Maruti and Sun Pharma in its model portfolio.