Top 12 stocks in focus today: Quess Corp, Jet Airways, RCom, Infibeam


Equity tips:-
  • L&T Finance says Bain Capital will raise Rs 750 crore by selling 2.12%, or about a fifth of its holding, in L&T Finance through a block deal, fetching about 150% returns on its two-year-old investment in the non-banking finance company, as per media reports.
  • Logistics stocks in focus today. Logistics sector gets infrastructure status.
  • Jet Airways aims to cut costs (excluding fuel) by up to 15%, increase ancilliary revenue by Rs 250 crore and increase capacity at a CAGR of 10% over three years, as per media reports.
  • Infibeam is in talks with Prem Watsa’s Fairfax Financial Holdings to sell a minority stake even as the local ecommerce firm looks to expand into offline retail, as per media reports.
  • Quess Corp acquired Tata Business Support Services for Rs 153 crore. It will own 51% of the Hyderabad-headquartered company, with Tata Sons holding the remaining stake.
  • Mahindra opened its new manufacturing plant with an investment of $ 230 million in the world’s car capital, Detroit, which got its first automotive production facility in 25 years.
  • Moody's Investors Service upgraded Vedanta Resources’ corporate family rating to Ba3 from B1.
  • Reliance Communications have approved sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield, as per media reports.
  • Donear Group on Monday said it has acquired Amritsar-based OCM Woolen Mills
  • NBCC awards Rs 524 crore order to Simplex Infra for construction of IIT buildings in Bhubaneswar.
  • Satin Credit gets housing finance subsidiary license from NHB.
  • Edelweiss QIP closes; sets issue price at Rs 280 per share.
  • ARSS Infra got an order worth Rs 87.1 crore from Rail Vikas Nigam.
  • Virinchi approved preferential issue of 26 lakh convertible equity warrants to promoter group.
  • VIP Clothing rights issue period set from Nov. 28 to Dec. 12
  • Everest Organics gets order from US co to supply omiprazole API.

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