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    Thirteen stocks in focus on Thursday, 29 December 2016

    Synopsis

    Reliance Industries on Wednesday said it has successfully commissioned the first phase of its 2.2 million metric tonnes per annum (MMTPA) para-xylene (PX) plant at Gujarat's Jamnagar.

    ETMarkets.com
    NEW DELHI: Domestic equity markets are likely to open in red on Thursday following Nifty futures on the Singapore Stock Exchange and weak global cues. SGX Nifty was trading 30 points, or 0.37 per cent, down at 8,008 in morning trade, indicating a weak start for NSE Nifty index.

    Asian markets slipped on Thursday after Wall Street suffered a mild setback after weeks of gains, while the dollar faded against the yen in typical year-end profit taking. Hang Seng, Nikkei and Shanghai indices were trading lower by 0.27 per cent, 1.06 per cent and 0.27 per cent, respectively, in morning trade.

    On Wall Street, The Dow Jones Industrial Average Index, S&P 500 and Nasdaq Composite index slipped 0.56 per cent, 0.84 per cent and 0.89 per cent, respectively, on Wednesday.

    Here is a list of 13 stocks that are likely to remain in focus on Thursday in response to various news triggers:

    Reliance Industries: Reliance Industries on Wednesday said it has successfully commissioned the first phase of its 2.2 million metric tonnes per annum (MMTPA) para-xylene (PX) plant at Gujarat's Jamnagar.

    Goa Carbon: The company on Wednesday informed bourses that the operations at Bilaspur Plant have commenced from December 27, 2016.

    Jet Airways: The appointment of Vikram Mehta, Rajshree Pathy and Ranjan Mathai have received the nod of the shareholders, the airline said in a regulatory filing on Wednesday.

    Cadila Healthcare: The company’s wholly owned subsidiary Zydus Healthcare has acquired six brands from US drug maker MSD and its subsidiaries for an undisclosed amount.

    JMC Projects: The civil engineering and EPC firm on Wednesday said it has bagged new construction projects worth over Rs 1,457 crore.

    Sasken Communication: The company has proposed to buy back 29,27,879 equity shares having face value of Rs 10 each at a price of Rs 410 per share in cash for a total consideration not exceeding Rs 12004.31 lakhs.

    JK Tyre: The tyre manufacturer said its board has given approval to raise up to Rs 1,000 crore by issuing securities.

    Sun Pharma: Two persons were killed and two others injured in a blast at a pharma unit in Ahmednagar district on Wednesday. The incident happened at the Sun Pharma unit in MIDC Ahmednagar area, police said.

    Hindustan Unilever: According to reports, the FMCG major will launch around 20 products — toothpaste and skin cream to soaps and shampoos — under its existing Ayurveda brand Ayush.

    Phoenix Mills: The company on Wednesday said it has acquired the remaining 8.72 per cent stake in its wholly-owned subsidiary Island Star Mall Developers Pvt Ltd (ISMDPL).

    IRB Infrastructure Developers: IRB Infra has informed stock exchanges that the company has received Letter of Award from NHAI for the project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in the State of Rajasthan (length 90.000 km) on DBFOT (Toll) under NHDP Phase V package -I Project.

    Voltas: UBS maintained ‘Buy’ on Voltas shares with target price of Rs 420. Shares of the company were trading at Rs 316.65 on Wednesday.

    IDFC Bank: The private sector bank is close to merging various lending divisions with a plan to reduce headcount, according to media reports.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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