These are some of the stocks that are in news and might make a good investment pick in a volatile and bearish stock market.
General Atlantic, a US-based private equity player is learnt to be final stages of talks with Wockhardt Hospitals to invest around $140-150 million. Although no deal has been finalised as yet and there are some differences over the valuation and structure of the investment,General Atlantic may pick up around 20 per cent stake in the Indian company according to sources.
ABG Shipyard has decided to set up a greenfield shipyard in south Gujarat with an investment of Rs 1,200 crore. The new shipyard will be set up over 300 acres, largest among its two existing shipyards at Surat and at Dahej in Gujarat.
Kirloskar Electric board has approved the acquisition of Germany’s Lloyd Dynamowerke Gmbh and Co. which manufactures motors, machines and drive systems for Siemens, Alstom, ThyssenKrupp and Gottwald for an undisclosed amount.
The race to acquire mineral assets in foreign locations is on. Naveen Jindal-led Jindal Steel and Power (JSPL), an OP Jindal Group company, is close to acquiring a state-owned coal mine in Mozambique for Rs 200-250 crore.
The government is mulling easing norms to allow Reliance Industries' export-oriented refinery to the feed domestic market and charging more from power and industrial consumers of the fuel.
Financial institutions like HDFC Bank and Yes Bank are likely to buy stake in the new commodities exchange promoted by Indiabulls Financial Services and government-run MMTC.
Visa Steel has entered into a memorandum of understanding with the Government of Chhattisgarh for setting up a 2.5 million TPA integrated steel plant along with other facilities with a proposed investment of Rs 4750 crore. |
