7 stocks to watch out for on Wednesday

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AstraZeneca Pharma :- The company has received marketing authorisation from the Drug Controller General of India (DCGI) for Symbicort, a medicine used for the treatment of asthma, reported a national news agency.

Canara Bank :- The state-owned bank has decided to sell nearly 9% stake worth Rs 393 crore in the credit ratings firm CARE Ltd, reported a national news agency.

UCO Bank :- Rating company ICRA has downgraded the bank’s bond programme. It has said that the state-run bank may require Rs 3,000-4,300 crore of tier 1 capital in the FY2018 and FY2019 to cover the losses for the last two years, reported a news agency.

ABB :- The company is reportedly in talks with Larsen & Toubro to acquire its electrical and automation division. The division is likely to be valued at Rs 14,000-18,000 crore.

Indian Oil Corporation :- An agitation in Kerala has hit company’s planned Rs 2,200 crore liquefied petroleum gas (LPG) import terminal and pipeline project. The company has been incurring losses of Rs 1 crore daily since February, reported a national news agency.

Kirloskar Oil Engines :- The company has received board approval for the acquisition of 100% stake in La Gajjar Machineries Pvt. Ltd.

Adani Enterprises :- Chinese major has inked a deal with Adani group to invest $300 million in setting up manufacturing units at the Mundra SEZ, reported a national news agency. 

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