Top five stocks to watch out for on Tuesday
Following are the top five stocks to watch out for in Tuesday’s trading session:
Bajaj Finance: Bajaj Finance Limited has raised Rs 600 crore through issuance of 8.15% unsecured subordinated (Tier II) redeemable non-convertible debentures on a private placement basis. The Debenture Allotment Committee of the company at its meeting held on June 22, 2017, allotted 6,000 secured redeemable non-convertible debentures of Rs 10 lakh each. The debentures will be listed on WDM segment of BSE Ltd.
Shriram EPC Limited: Shriram EPC has won multiple orders under its water management business amounting to Rs 165 crore. The first order amounting to Rs 83.37 crore from City Corporation, Davanagere, involves designing, building and improving bulk water supply for 24X7 to Davanagere city and O&M of the bulk water supply scheme for 3 months. The second order of Rs 82.56 crore is from Tamil Nadu Water Supply Scheme and Drainage Board, which entails implementation of water supply scheme in Hosur Municipal Corporation. The order is to be executed over a period of 24 months.
Aban Offshore Limited: Aban Offshore's step-down subsidiary has entered into a contract with Brunei Shell Petroleum Company for the deployment of the jack-up rig Deep Driller 5 (DD5) Offshore Brunei Darussalam for a firm period of five years followed by three optional periods of one year each. The deployment is likely to commence during the last quarter of 2017.
Wockhardt Limited: Wockhardt Limited and its subsidiaries settled with Teva and its affiliate a commercial litigation in the High Court, London. The stock had rose by over 3% to its intraday high of Rs 577 per share in Friday’s trade.
Indiabulls Real Estate: Indiabulls Real Estate jumped over 7% to its intraday high of Rs 206.85 per share on Friday after the company said it proposes to issue non-convertible debentures (NCDs) aggregating Rs 500 crore on a private placement basis.