News Headline Summary

Economic Times of India note 10 stocks to watch in the domestic market today...

Punj Lloyd Ltd, after the diversified global conglomerate Punj Lloyd Group on Monday said it has bagged a contract worth Rs 528 crore in Singapore to construct a new prison headquarter.

PSU banking stocks will be in focus on hopes that legislation on banking sector reforms would be passed during the current session of Parliament. The Parliament is expected to amend the banking laws that includes raising the limit on shareholders' voting rights in public and private sector banks.

Coal India Ltd, NTPC Ltd will be watched after the power generator and coal producer appeared to have ironed out differences over the fuel supply agreement (FSA) and said the pact will be signed in a month's time.

Wipro Ltd, after US-based food producer and marketer Cargill India has acquired the iconic Sunflower Vanaspati brand from Wipro, consolidating its leadership position in the market.

Oil India Ltd, after the company is planning to set up a liquefied natural gas ( LNG) receiving terminal in India. The company plans to set up a 2.5-million tonne (mt) capacity terminal.

Bharat Electronics Ltd, after the company has signed a memorandum of understanding (MoU) with Israel Aerospace Industries (IAI) for cooperation on future Long Range Surface to Air Missile (LRSAM) ship-defence systems.

Indian Overseas Bank (IOB), after the state-owned today said its board has given approval for raising Rs 800 crore through bonds.

NMDC Ltd, after the government fixed a price band of Rs 145-150 per share for its stake sale of 10% in NMDC on stock exchanges on Wednesday that could fetch up to Rs 5,947 crore.

Reliance Industries Ltd, after the DGH has rejected RIL's proposal to do a single test to confirm three natural gas discoveries in the flagging KG-D6 block, saying separate tests are required as the three finds are distant and unconnected.

Coal India Ltd, after a wholly-owned subsidiary of state-run Coal India has hit coal seams during exploration in Mozambique.

Full story: http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/ten-stocks-in-focus-in-tuesday-morning-trade/articleshow/17566758.cms

10 Dec 2012 - 21:23 - Energy - Source: Newswires

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