Stocks in the news: Infosys, Tata Investment, Venus Remedies, Sumeet Ind, Jet Airways

Bank of Baroda | Sumeet Industries | SRF | Infosys | Venus Remedies | Sical Logistics | SREI Infrastructure and Tata Investment Corporation are stocks which are in the news today.

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Here are stocks that are in the news today:

Results on Friday: SREI Infrastructure Finance, Supreme Infrastructure India, Tourism Finance Corporation of India.

Results on Saturday: Siemens, Anik Industries, PNB Gilts.

Tata Investment Corporation: Board of directors will consider proposal for buyback of equity shares at its meeting to be held on November 16.
Fund raising meet on November 17: Sical Logistics, Shalimar Paints

Yes Bank – O. P. Bhatt has tendered his resignation from his duties as an External Expert of the Search & Selection Committee

Glenmark Pharmaceuticals receives ANDA approval for Teriflunomide Tablets, 7 mg and 14 mg

Infosys: Company announces Jayesh Sanghrajka as interim CFO. Current CFO MD Ranganath will step down on November 16 and board is in the process of selecting the next CFO.

Venus Remedies: Company announced positive topline results in the Phase-3 clinical trials for its flagship product Elores. Elores is a novel, patented critical care antibiotic combination targeting unmet medical needs in Antimicrobial Resistance (AMR) space.

IDBI Bank – S&P Global rating affirmed ”BB” long term and ”B” short term issuer credit ratings

Sumeet Industries Q2: Consolidated loss at Rs 25.65 crore against profit at Rs 10.18 crore; revenue falls to Rs 214.12 crore versus Rs 288.35 crore YoY.

Bannari Amman Spinning Mills: CARE reaffirmed its rating on credit facilities availed by the company from banks.

Lemon Tree signs license agreement for a 76-room property in Odisha. The hotel will be operational by March 2020

SRF: Company’s facility to produce agrochemical at Chemical Complex in Dahej, Gujarat has been commissioned and capitalised at a cost of Rs 257 crore.

Tata Sponge board approves issuance of preference shares worth Rs 1,000 crore to promoter Tata Steel

Bank of Baroda: Capital Raising Committee of the bank has approved issuance of Tier-II Capital Bonds compliant with Basel Ill Capital Regulations of the Reserve Bank of India for issue size not exceeding Rs 1,500 crore, with a base issue size upto Rs 500 crore and a Green shoe option to retain oversubscription upto Rs 1,000 crore, in single or multiple tranches.

Aviation and Telecom: Finance ministry is working on sectoral analysis to fix issues in aviation & telecom sectors – CNBC-TV18 sources.

IL&FS: Company was unable to service obligations on interest of Rs 4.7 crore due November 14 on NCDs.

UltraTech Cement: Rajputana Properties requests committee of creditors (CoC) to not give effect to NCLAT order upholding Ultratech bid. Letter is addressed to CoC, IRP & UltraTech Cement – CNBC-TV18.

Jet Airways: Company said reports of Tata eyeing merger of Vistara with company are speculative in nature. There are no discussions or decisions taken by the board.

Bulk Deals

Kotak Mahindra Bank: Government of Singapore bought 95,57,522 equity shares of the bank at Rs 1,130 per share while ING Mauritius Investments I sold 1,27,45,702 shares at same price on Thursday.

Analyst or Board Meet/Briefings

Narayana Hrudayalaya: Company’s officials will be meeting several institutional investors November 16 in Mumbai.

Sutlej Textiles & Industries: Company organised Investor and Analyst Meet 2018 to be held on November 22.

Nishtha Finance and Investment: Board meeting is scheduled on November 22 to consider proposal to issue convertible warrants to promoters and non-promoters.

Heidelbergcement India: Company’s representatives namely, Jamshed Naval Cooper, Managing Director, Anil Kumar Sharma, Chief Financial Officer and Amit Angra, Senior GM – Finance will be meeting the representatives of Alquity Investments on November 16 at Gurugram.

Vedanta: Company’s officials will be meeting analysts/investors at CLSA India Forum, 2018 on November 16.

Automotive Axles: Analyst/Investor Conference Call has been organised on November 16 to discuss on the financial performance for second quarter FY19.

KSB: Company’s officials will be participating in investor conference on November 16.

MBL Infrastructures: Company is organising a Conference Call on November 16 to reply to the queries of various stakeholders on the operational and financial performance for quarter and six months ended September 2018.

Bharat Road Network: Company will be hosting Q2 & FY19 earnings conference call on November 16 following the announcement of financial results for the quarter and six months ended September 2018.

Marico: Company’s officials will be meeting analysts/investors at CLSA meet on November 16.

Shriram City Union Finance: Company’s officials will be meeting mutual fund houses on November 16.

CMI: Annual General Meeting of the members of the company will be held On November 29.

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