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United Spirit, United Brewrie Ltd., and other liquor manufecturer, will be in focus after the Supreme Court clarified that the ban on sale of alcohol within 500 metres of any state or national highway will not cover roads within city limits if these lose the highway tag post denotification.
Adani Power Ltd:
Adani Power Ltd., a subsidiary of Adani Group, will be in focus after it approached lenders for no-objection certificate (NOC) for a slump sale of its "Mundra Power Project" to its subsidiary company Adani Power (Mundra). Adani Power's Board of Directors approved demerger of the Mundra Power 4,620 MW undertaking to a subsidiary of the Adani Power with associated assets and liabilities including bank loans.
Birtannia Industries Ltd., ITC Ltd:
Birtannia Industries Ltd., a biscuit manufecturer, and ITC Ltd., a cigerette maker, will be in focus after the Supreme Court asked themto settle their dispute regarding the alleged deceptive packaging of their digestive biscuits out of court. The order to this effect was passed as the two companies sought time to try to amicably settle the dispute.
Bodal Chemicals Ltd:
Bodal Chemicals Ltd., a mnufecturer and supplier of dye, will be in focus after Ashish Kacholia, known for his multi bagger mid and small-cap picks, has bought 120 million shares or 1.09% stake in Bodal Chemicals at Rs 165 per share on Jul 11. Bengal Finance and Investment also bought 725,000 shares of Bodal Chemicals at Rs 166.69 per share. Separately, Rakeshbhai Ravjibhai Patel, who is one of the promoters of Bodal Chemicals, sold 2.35 million shares at Rs 165 apiece.
Hindustan Machine Tools Ltd:
Hindustan Machine Tools Ltd. (HMT), a state-owned manufecturer, will be in focus after it revealed its plan to close 3 subsidiaries and dispose of their assets.
IndusInd Bank Ltd:
IndusInd Bank Ltd., a state-owned lender, will be in focus after CLSA, a brokerage, raised its target for the stock to Rs 1,870 from from Rs 1,680. The brokerage expects the lender to see 25% CAGR over FY17-20. It has raises the bank's earnings estimates by 1-2% and the strengthening of CASA franchise aids derisking of loans.
ICICI Bank Ltd:
ICICI Bank Ltd., India's second-biggest private lender, will be in focus after it along with Prem Watsa's Fairfax Financial Holdings together are expected to dilute a stake of at least 20% in the initial public offering (IPO) of ICICI Lombard General Insurance company. ICICI Lombard's IPO will be the first public offering by a general insurance company.
Reliance Industries Ltd:
Reliance Industries Ltd., the Mukesh Ambani led largest integrated refiner, will be in focus after the government approved expansion of its petrochemical complex in Gujarat, entailing investment of Rs 21 billion.
Tata Global Beverages Ltd:
Tata Global Beverages Ltd. (TGBL), a part of the Tata Group, will be in focus after it decided to sell its stake in various Tata group listed companies to its parent, Tata Sons, in the next few months. TGBL owns close to Rs 7.55 billion stake in other Tata group firms, especially in Tata Chemicals.
Tata Steel Ltd:
Tata Steel Ltd., India's biggest integrated steel maker, will be in focus after Tata Steel UK has signed a definitive sale agreement to sell two of its pipe mills in Hartlepool to Liberty House Group. The sale agreement covers the 42-inch and 84-inch pipe mills, also known as the Submerged Arc Weld (SAW) mills.
Vista Pharmaceuticals Ltd:
Vista Pharmaceuticals Ltd., a local drug maker, will be in focus after US FDA issues warning letter to Vista Pharma's Telangana unit. Warnings letter summarises significant violations of current good manufacturing practice regulations for finished drugs.
Bajaj Corp Ltd will announce the financial result for the quarter ended Jun 30, 2017 on Wednesday.