Stocks In Action For 18th December 2012

Shares of Panacea Biotech may show some further gains today on the news that the company has received an order worth Rs 187 crore from the government for the supply of polio vaccines till May 2013. Yesterday the stock was up 7%. This new order is about 27% of its FY12 standalone sales which adds tremendous strength to its fundamentals.

Infosys may show some losses today as the media reports suggest that the company may cut its revenue forecast for the next month. As per the reports, US clients are deferring their spending, which signals that Infosys may revise its growth rates further downwards.

Lenders of Kingfisher Airlines will meet today again to discuss the fate of the Rs 7000 crore debt of the company. The 17 banks who have lent their money to Kingfisher Airlines are also facing trouble as the debt threatens to turn into a non-performing asset. The shares of the Kingfisher airlines may show volatility on the back of this, particularly after reports suggesting that Vijay Mallya is all set to infuse funds into the cash strapped company are doing the rounds. Besides SBI being the largest lender to Kingfisher may also witness some volatility.

While on SBI, the public sector banking space is likely to remain in the limelight today following the governments firmed up plans of infusing capital to the extent of Rs 12000 crore in this sector. SBI is reported to be likely to receive as much as Rs 3400 crore in this exercise.

According to media reports, Godrej Industries yesterday said that Singapore-based investment firm Temasek is acquiring a 19.99 percent stake in its subsidiary Godrej Agrovet for about s 572 crore. Godrej Agrovet is a diversified agri-business company with interests in animal feed, palm oil, agri-inputs and poultry. On the back of this news one may see volatility in the share price of Godrej Industries in today's trading session.