Stocks To Watch: CEAT, Cipla, Sunteck Realty, SBI, Ujaas Energy

The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,671.

Here are the stocks to watch out for in today’s session:

State Bank of India

• Closes QIP issue that opened on June 5
• Raises almost Rs 15,000 crore through institutional placement
• To issue 52.2 crore equity shares at a price of Rs 287.25 each
• Had originally planned to sell 54.4 crore shares in the band of Rs 275.76-287.25

Maquarie On CEAT

• Initiates coverage with an 'Outperform' rating
• Price target of Rs 2,250 per share

Says

• Tyre maker has a stronger brand and wider reach
• Healthy volume growth led by margin segments
• Industry's pricing response to cost increases is positive
• Can potentially generate 100 percent returns over three years

• Cipla: To sell its entire 99 percent stake in Yemini subsidiary Al Jabal to Khalil Ghaleb Ali Al Jabal
• Sunteck Realty: Board approves stock split in the ratio of 1:2
• Ujaas Energy: Bags order of 1 mega watt peak (MWp) solar power plant from Numaligarh Refinery Ltd.
• Pidilite Industries: U.S. unit of the company to sell cyclo division to Niteo Products
• Sagar Cement: Sales in May up 8.8 percent at 2,03,925 million tonne from 1,87,422 million tonne year-on-year

Other Corporate News

• IndusInd Bank: Raises $225 million loan from OPIC for its MSME lending programmes
• Hindustan Copper: India Resources Ltd. terminates Jharkhand mine contract with the company
• Indiabulls Real Estate: Board approves issue of NCDs worth Rs 75 crore on private placement basis
• Zee Media: Receives approval from NCLT for amalgamation between Zee Media, Diligent Media, Mediavest India, Pri-Media Services and Maurya TV
• Repco Home Finance: To issue NCDs worth Rs 100 crore on a private placement basis
• Bombay Burmah Trading Corporation: Redeemed Commercial Papers worth Rs 50 crore
• Greenply Industries: Subsidiary Greenply Gabon SA, commenced commercial production of Veneer
• Hester Biosciences: Board approves investment of $3 million via equity in the company's African subsidiary
• Next Mediaworks: Subsidiary Next Radio to transfer its Ahmedabad FM Radio business to its wholly-owned subsidiary Syngience Broadcast
• IFB Agro Industries: Successfully incorporates wholly-owned subsidiary 'IFB Agro Marine (FZE)'

Today’s Nifty Call

Brokerage Calls

• Bayer CropScience: CIMB initiates coverage on the stock with a 'Add' rating and a price target Rs 5,532
• Infosys: Raised to 'Buy' at HSBC with price target of Rs 1,150
• Natco Pharma: Antique Stock Broking initiates coverage on the stock with a 'Buy' rating and price target of Rs 1,175
• Rallis India: CIMB initiates coverage on the stock with a price target of Rs 300
• UPL: CIMB initiates coverage on the stock with a 'Reduce' rating and price target at Rs 650
• West Coast Paper Mills: Cut to 'Accumulate' at SKP Securities

Source: Bloomberg

Key Bulk Deals

Petronet LNG

• GDF International sold 7.5 crore shares or 10 percent stake at an average price of Rs 421.63 each
• Citigroup Global Markets Mauritius bought 1.05 crore shares or 1.4 percent stake at Rs 421 each
• Stichting Depositary APG Emerging Markets Equity Pool bought 39.26 lakh shares or 0.5 percent stake at Rs 421 each

Pennar Industries

• Franklin India Smaller Companies Fund bought 24.94 lakh shares or 2.1 percent stake at Rs 52.25 each
• Eight Capital Master Fund Ltd. sold 32.73 lakh shares or 2.7 percent stake at Rs 52.51 each

Sinclair Hotels

• Promoter Sujata Suchanti and pramina Suchanti bought 2.6 lakh shares or 4.7 percent stake at Rs 305 each
• Xander Investment Holding X Ltd. sold 3.11 lakh shares or 5.6 percent stake at Rs 305.64

• Websol Energy: Mangal Savitri Bizcon bought 1.35 lakh shares or 0.6 percent stake at Rs 123.71 each
• Veto Switchgear Cable: Kuber India Fund bought 1 lakh shares or 0.55 percent stake at Rs 171.07 each

Stocks In F&O Ban

• DLF
• GMR Infrastructure
• IndiaBulls Real Estate
• Infibeam Incorporation
• Jaiprakash Associates
• Oriental Bank of Commerce
• Reliance Communications

Media Reports

• Maruti: Plans to spend Rs 1,000 crore on land acquisitions this year. (Economic Times)
• HDFC Bank: Reconsiders move to charge UPI transactions. (Economic Times)
• HDFC: Merger with Max fails to get IRDA approval. (Mint)
• IDBI Bank: Sets up department to manage bad loans. (PTI)
• Religare Enterprises: NCLT calls for meeting of company, subsidiaries in July for merger. (PTI)
• BEML: Says order book at Rs 7,488 crore as of May 31, 2017. (Bloomberg)
• GVK Power: Faces Australian coal mine hurdles along with Lanco. (Business Standard)