Best Stock,Equity Market Recommendations-Dr Reddy's, Glenmark....

Here are stocks that are in news today:

Federal Bank: Sources

-Federal Bank QIP closed; strong demand from local & global investors

-Federal Bank QIP issue price band at Rs 111.50-116.70/share

-Max demand for Federal Bank QIP at top end of the band

-Federal Bank to raise up to Rs 2,500 crore via QIP issue

Prism Cement

-Sanskar Ceramic, step down JV of the company has completed the expansion of vitrified tiles capacity

-Capacity now stands at 2.3 million per annum of wall tiles and 4.2 million per annum of vitrified tiles

Corporate actions

-Godrej Consumer Products goes ex-bonus (1:1)

-Hindustan Unilever goes ex-dividend (Rs 10)

-Kitex Garments goes ex-bonus (2:5)

-Arcotech goes ex-split (From Rs 10 to Rs 2)

Dr Reddy’s Labs, Sun Pharma, Lupin in focus

US FDA chief Scott Gottlieb says

-Can take steps to facilitate increased competition

-May address issue of high priced medicine via approval of generic medicine

-Working on a drug competition action plan

-Plan to solicit inputs for faster access to generic drugs

SEBI bats for banks

-6-month average price rule won't apply for NPA resolution cases

-Public offer exemption given in case of stressed assets

-Share price during stake sale under NCLT not to be bound by SEBI rules

-Positive for ICICI Bank, SBI, IDBI, Bank of Baroda

Jaiprakash Associates

-Lenders approve loan recast

-Formal clearance to be announced today

-Rs 13,000 crore will be transferred to a new special purpose vehicle

Other stocks and sectors that are in news today:

-RBI removes restriction on foreign investment in IDFC

-Delhi HC clears decks for potential deal by Fortis Healthcare to bring in new shareholders

-Glenmark gets tentative US FDA nod for Solifenacin Succinate tablets (used for treatment of overactive bladders)

-Tata Motors to issue non-convertible debentures (NCDs) worth Rs 500 crore

-Medicamen Biotech issues 3.06 lakh warrants to promoters and non promoters at Rs 543 per share

-Ramky Infra to sell non-civic waste unit: ET

-Coal India allows arms to reduce reserve price at auctions: ET

-Reliance Defence and Thales, to form JV for Rafale deal

-Idea Cellular moves Bombay HC for stay on CCI probe

-Petronet LNG in talks to buy stake in GSPC’s Mundra LNG: ET-Axis Bank plans to raise Rs 35,000 crore

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