Top stocks in focus: Indiabulls Real Estate, Kotak Mahindra Bank, Suzlon, Adani Ports


Equity tips:-

Check out the companies which will be in focus during trade today based on recent and latest news developments





Indiabulls Real Estate, Oberoi Realty, Godrej Properties stocks in focus today. The GST Council has approved the much awaited and largely expected rate cut for normal under-construction properties to 5% from 12% earlier without income tax credit, 1% for affordable housing category. 

NBFC stocks in focus today. The RBI has decided to merge the three categories of NBFCs viz. Asset Finance Companies (AFC), Loan Companies (LCs) and Investment Companies (ICs) into a new category called NBFC - Investment and Credit Company (NBFC-ICC).

Kotak Mahindra Bank’s Mark Newman resigned from the board with immediate effect, as ING Group sold its remaining stake in the bank.

Suzlon Energy clarified that it was exploring multiple options for debt reduction along with its lenders and won’t comment on market speculation.

Adani Ports to acquire Adani Agri Logistics Ltd. from Adani Enterprises Ltd. for a cash consideration of Rs946cr. The deal is expected to complete by March 31, 2019 and is subject to regulatory approvals

Sharon Bio-Medicine stock in focus. API facility located at Taloja, Maharashtra received 4 Form 483 observations after the inspection completed by USFDA

Corporation Bank received Rs9,086cr from Government of India.

Adani Green Energy awarded 150 MWac solar power project to its wholly-owned subsidiaries.

Manappuram Finance board approved equity infusion up to Rs100cr in its subsidiary Asirvad Micro Finance Ltd.

NTPC arm’s 250MW thermal power project in Bihar started its operations with effect from February 20.

Jet Airways extra-ordinary general meeting saw 98%of shareholders vote in favour of conversion of loan into shares, increase in authorized share capital and to alter the Articles of Association. Besides, the company’s additional two aircrafts have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements.

GVK Power & Infra to acquire 13.5% stake of Mumbai International Airport Ltd. (MIAL) from Bidvest for Rs1,247.4cr. The company will acquire 16.2cr equity shares at Rs77 each. Post-acquisition, GVK will hold 64% stake in MIAL.

Stocks Out of F&O ban: Reliance Capital, Reliance Infrastructure, Kaveri Seed Company.

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