Ashok Leyland, Reliance in focus today

Ashok Leyland, Dr Reddy’s Lab, Reliance Infra among 14 Stocks in focus today
27 Nov 2015
Dr Reddy’s Laboratories Ltd: The pharma company said the USFDA has extended the time-frame for replying to the warning letter issued to the company by about two weeks to December 7.
Ashok Leyland Ltd: The company has announced that it has bagged contract for 3600 vehicles worth $200Mn from Cote D'Ivoire. This contract is being funded by EXIM Bank of India.
Man Industries (India) Ltd: The company has announced that in the matter of proposed scheme of arrangement between Man Industries (India) Limited and Man Infraprojects Limited, the Company has filed an application in Hon’ble Bombay High Court for a modification in the scheme, by proposing to incorporate clause of swapping of shares between two promoter groups., post implementation of scheme.
NMDC Ltd: NMDC has cut iron ore prices by 12.5% with immediate effect on a sharp decline in its demand from steel mills.
Fortis Healthcare: Fortis Healthcare said that one of its subsidiaries has entered into an agreement with RGAM Investment Advisors and other stakeholders to acquire stake in Religare Health Trust Trustee Manager Pte Ltd for USD 14.9 million (about Rs. 100 crore).
RIL: UK’s Hardy Oil & Gas plc said on Thursday that it was in talks to acquire Reliance Industries’ entire 90 per cent stake in a gas discovery block off the Gujarat coast.
ACC: ACC plans to open multiple cement brick-making units in partnership with dealers and social organisations, Head of Business Development Danish Rashid has been quoted as saying.
Reliance Infra: Reliance Infrastructure Ltd., together with its wholly owned subsidiary, Reliance Defence Systems Pvt Ltd., has already announced a transaction for the acquisition of substantial shareholding and change of management control of Pipavav Defence & Offshore Engineering.
M&M: Designed with automatic transmission with a starting price of Rs. 15.36 lakh (ex-showroom Navi Mumbai), Mahindra & Mahindra launched its premium sports utility vehicle XUV500 Automatic. With this new launch, the urtility vehicle major has gone the distance and pushed the boundaries, says M&M President and Chief Executive (Automotive) Pravin Shah.
Welspun Corp Limited: Welspun Corp has announced that it has won an order for supply of 216k MT  line pipes for an onshore pipeline project in Americas.
GAIL (India) Ltd: GAIL has announced the launch of Bhuvan- GAIL Portal Proj of Satellite Monitoring of Pipeline RoU.
Larsen & Toubro: L&T said power transmission and distribution business of L&T Construction has bagged orders worth Rs. 1,038 crore in domestic and international markets so far this month.
IDBI Bank Ltd: IDBI Bank has raised $350 million (about Rs.2,310 crore) from green bonds to fund clean energy projects. The issue was made under the $5 billion medium term note (MTN) programme listed on Singapore Stock Exchange, IDBI Bank said in a statement.
Godrej Properties: Godrej Properties said that with an area of 34 acres, this is one of the largest real estate projects in Mumbai and is the first step towards the greater development opportunity that will unfold in Vikhroli.