Stocks to watch: Havells India, Bharati Shipyard,M&M,Aptech,Tata Teleservices,NTPC,Titan
Rate sensitive stocks are likely to react after the Reserve Bank of India announces its monetary policy review.
By ET Bureau |
MUMBAI: Rate sensitive stocks are likely to react after the Reserve Bank of India announces its monetary policy review.
Electrical and lighting products maker Havells India has acquired Standard Electricals, a privately-owned promoter group firm engaged in electrical products for around Rs 120 crore. Standard Electricals will operate as a separate subsidiary of Havells India to maintain its brand identity.
Bharati Shipyard Limited, which is close to success in the battle to take control over Great Offshore has not decided anything on second open offer.
The $6.3 billion Mahindra & Mahindra group is upbeat on growing its used car business. This year, it expects the sales volume from its multi-brand pre-owned car company - Mahindra First Choice Wheels (MFCW) to go up to 18,000 units from 10,255 last year.
Maya Entertainment, the film and animation studio company promoted by Ketan Mehta and Deepa Sahi, has sold its education business to Aptech in a transaction valued at Rs 76 crore. The deal will include a cash payout as well as issue of Aptech equity shares to shareholders of Maya Entertainment.
Japanese telecom major NTT DOCOMO could acquire a controlling stake in Tata Teleservices (TTSL) in which it has a 26% stake, if the latter is unable to meet some performance benchmarks, according to the shareholding agreement between the two.
Results diary: NTPC, Glenmark Pharma, Siemens, IOC, Lupin, MTNL, NHPC, Tata Motors, Sun Pharma, PTC India, Rel Infra, Reliance Power, Titan, Tata Communications.
Electrical and lighting products maker Havells India has acquired Standard Electricals, a privately-owned promoter group firm engaged in electrical products for around Rs 120 crore. Standard Electricals will operate as a separate subsidiary of Havells India to maintain its brand identity.
Bharati Shipyard Limited, which is close to success in the battle to take control over Great Offshore has not decided anything on second open offer.
The $6.3 billion Mahindra & Mahindra group is upbeat on growing its used car business. This year, it expects the sales volume from its multi-brand pre-owned car company - Mahindra First Choice Wheels (MFCW) to go up to 18,000 units from 10,255 last year.
Maya Entertainment, the film and animation studio company promoted by Ketan Mehta and Deepa Sahi, has sold its education business to Aptech in a transaction valued at Rs 76 crore. The deal will include a cash payout as well as issue of Aptech equity shares to shareholders of Maya Entertainment.
Japanese telecom major NTT DOCOMO could acquire a controlling stake in Tata Teleservices (TTSL) in which it has a 26% stake, if the latter is unable to meet some performance benchmarks, according to the shareholding agreement between the two.
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Results diary: NTPC, Glenmark Pharma, Siemens, IOC, Lupin, MTNL, NHPC, Tata Motors, Sun Pharma, PTC India, Rel Infra, Reliance Power, Titan, Tata Communications.
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