Stocks To Watch: ICICI Bank, UltraTech Cement, Canara Bank, Coal India

Gold Silver Reports (GSR) – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.1 percent to 10,232 as of 7:10 a.m.

Asian shares edged higher, the dollar steadied and Treasuries slipped as the second quarter began for some of the region’s traders. Volumes are expected to be subdued with many markets across the world still closed for the Easter holiday.

Stocks To Watch Out For In Monday’s Trade   

👍 ICICI Bank says its credit approval processes are robust and reposes full faith in CEO Chanda Kochhar.

👍 ICICI Bank says exposure to Videocon less than 10; sanctioned only Rs 3,250 crore.

👍 UltraTech receives CCI nod for Binani Cement bid.

👍 Tata Motors domestic sales jumped 35 percent in March aided by the commercial vehicles and passenger vehicles segments.

👍 Maruti Suzuki sales rose nearly 15 percent in March led by the mini segment.

👍 Dalmia Cement Bharat says Binani evaluation criteria was fair.
Canara Bank has calls off move to divest its entire shareholding in housing finance subsidiary Canfin Homes after receiving lower than expected price quotation.

👍 Government sets domestic natural gas price at $3.06/mmBtu For April-September.

👍 Tata Power sells its defense business to Tata Sons unit at an enterprise value of Rs 2,230 crore.

👍 Cadila Healthcare says U.S. FDA completes inspection of Topical facility with 0 observations under Form 483.

👍 PNB to settle all 352 LOUs and foreign letters of credit (FLCs) worth Rs 6,500 maturing by March 31.

👍 Coal India targets 20 GW solar capacity in 10 years.

👍 Punj Lloyd gets EPC order worth Rs 806 crore in Odisha from NHAI.

👍 Cox & Kings to seek shareholders’ approval for demerger of its travel and financial service business on May 10.

👍 Navkar Corp unit receives Western Railway approval for opening of green field PFT terminal.

👍 Rico Auto Industries applies for partial closure of its loss-making unit in Haryana.

👍 Balaji Amines acquires 55 percent stake in Balaji Specialty Chemicals for Rs 66 crore.

👍 Take Solutions sells its entire 51 percent stake in Towell Take Investments, Muscat for $2 million.

👍 STC says lenders may report its account as NPA for delay/non-payment of interest amounting Rs 309.8 crore.

👍 Pabrai Investment Fund acquires additional 69,176 shares (0.1 percent stake) in Healthcare Global Enterprises.

Read More: State-Owned Banks Worst Hit By Fraud Despite Spending More On Audits

👍 Lenders reject sole bid for Jyoti Structures insolvency process.
Nestle, Kraft Heinz, Unilever and ITC among suitors for GSK Consumer’s Horlicks. (Mint)

👍 Numetal Agrees to buy 70 percent in Odisha Slurry Pipeline Infra from SREI Infra.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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