PSU OMCs, airline and auto stocks may gain on fall in crude oil prices.
Metal stocks may decline after a private survey showed activity in China's factory sector shrank for the first time in seven months in December. China is the world's largest consumer of steel, copper and aluminum.
Lupin announced after trading hours on Tuesday, 30 December 2014, that it has received tentative approval for its Darunavir Ethanolate Tablets 75 milligram (mg), 150 mg, 300 mg, 400 mg, 600 mg and 800 mg from the United States Food and Drugs Administration (FDA) to market a generic version of Janssen Products, LP (Janssen) Prezista Tablets 75 mg, 150 mg, 300 mg, 400 mg, 600 mg. Lupin's Darunavir Ethanolate Tablets 75 mg, 150 mg, 300 mg, 400 mg, 600 mg are the AB-rated generic equivalents of Janssen's Prezista tablets. Lupin's Darunavir Tablets are indicated for the treatment of HIV-1 infections. Prezista Tablets had annual US sales of $1.2 billion (IMS MAT September, 2014).
With respect to news article titled "NTPC scraps Rs 2000 cr Barh deal with Russia's TPE", NTPC clarified after market hours on Tuesday, 30 December 2014, that in the commercial interest of the company, Board of Directors in its meeting held on 23 December 2014, had decided to terminate the contract of TECHNOPROMEXPORT (TPE), Russia for Main Plant Package, Part -A (Steam Generator and Auxiliaries) for Barh, Stage-I. Accordingly, a "Notice of Default" has been served on TPE on 24 December 2014. The decision has been taken to facilitate completion of work.
Bank of Baroda (BoB) announced that the United Forum of Bank Unions (UFBU) has decided to go on All India One Day strike on 7 January 2015, 4-day strike from 21 January 2015 to 24 January 2015 and an indefinite Strike from 16 March 2015 onwards demanding immediate withdrawal of IBAs direction to banks to re-visit the Mandate and immediate settlement of wage revision. The bank is taking all the necessary steps in terms of the existing guidelines to deal with the strike in the event the same materializes, BoB said in a statement.
Sundram Fasteners said that its shares were delisted from the Madras Stock Exchange (MSE) with effect from 29 December 2014.
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IVRCL will be watched. With respect to news titled, "IVRCL to exit 3 BOT projects to retire Rs.2500 crore debt," IVRCL clarified that as part of strategic business plan to monetize assets, IVRCL proposed to divest its stake in certain BOT Assets and Water Projects. The same has been mentioned in press release dated 1 April 2013 under copy to stock exchanges. Therefore, the news is already in public domain, the company said.
KEC International announced before market hours that it won new orders of Rs 1412 crore in its transmission and cables businesses.
Kalindee Rail Nirman (Engineers) announced after market hours on Tuesday, 30 December 2014, that the Board of Directors of the company at its meeting held on 30 December 2014, discussed and approved filing of application, seeking sanction to the Scheme of Amalgamation of the company with Texmaco Rail and Engineering (TREL), as required pursuant to clause 24(f) of the Listing Agreement in furtherance to the decision taken by it in its meeting held on 21 May 2014. The share swap ratio of 1:1.06, i.e., 106 fully paid-up equity shares of Re 1 each of TREL to be issued for every 100 fully paid-up equity share of Rs 10 each held by a shareholder in the company shall remain unchanged.
Subex announced after market hours on Tuesday, 30 December 2014, that the company has allotted 24.59 lakh shares pursuant to the conversion of $ 1 million out of company's $ 12.77 million 5.7% secured convertible bonds due 2017 on 30 December 2014. Post the conversion, FCCBs aggregating to $ 84.85 million are outstanding under the said Bonds.
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