Overnight Digest- Stocks to look out for on May 15
DSIJ Intelligence / 12 May 2017
The stocks which are expected to witness significant movement on May 15 are Adhunik Metaliks, Titan, IDEA Cellular/Karnatak Bank/JK Cement, Piramal Entreprise and D-Link India Limited.
The stocks which are expected to witness significant movement on May 13 are Adhunik Metaliks, Titan, IDEA Cellular/Karnatak Bank/JK Cement, Piramal Entreprise and D-Link India Limited.
Adhunik Metaliks :- The Board of Orissa Manganese & Minerals Limited (OMML) at its meeting held today, the 12th day of May, 2017 has issued and allotted 132110000 fully paid-up equity shares pursuant to conversion of 132110000, 0.01% Cumulative Compulsorily Convertible Non-Cumulative Preference shares and consequent to the said allotment the holding of Adhunik Metaliks Limited in OMML has reduced from 100% to 13.15%.
In view of the aforesaid allotment Orissa Manganese & Minerals Limited ceased to be a subsidiary of Adhunik Metaliks Limited w.e.f. 12th May, 2017.
Titan :- The company declared its Q4 results post market hours. The net profits stood at Rs 200.7 crore whereas the EBITDA stood at Rs 72 crore.
Idea Cellular/ Karnataka Bank/ JK Cement :- These companies will be declaring their quarterly results tomorrow.
Piramal Entreprise :- The management said that it will be raising Rs 50000 crore for future growth opportunities and that the company expects to soon get the Housing Finance License.
D-Link (India) Limited :- The company has informed the Exchange that Board of Directors at its meeting held on May 12, 2017, recommended Final Dividend of Rs. 0.50 per equity share.
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