Stocks in the news: HDFC, Lupin, JMC Projects, Axis Bank and Indiabulls Real Estate

NEW DELHI: Nifty futures on the Singapore Exchange were trading 1 point, or 0.01 per cent, higher at 10,922.50, indicating a flat for the Nifty50. Here are a few stocks which may buzz the most in todays session:

Indiabulls Real Estate: The company has divested up to 50 per cent stake in two office assets in Gurugram at Rs 464 crore to the entities controlled by The Blackstone Group.

Lupin: The drug maker has received approval from the US health regulator for Clobazam Oral Suspension, used to treat seizures associated with Lennox-Gastaut Syndrome.

JMC Projects, Kalpataru Power Transmission: JMC Projects (India) has secured new orders of Rs 596 crore. Most ofthese new orders are repeat orders from existing clients.JMC Projects is a subsidiary of Kalpataru Power Transmission.

HDFC: In what can act as a dampener for home loan borrowers, largest pure play mortgage lender HDFC Monday announced a 0.10 per cent hike in lending rates in the New Year 2019.

Axis Bank: The bank said its Managing Director and CEO Shikha Sharma has retired, effective December 31, 2018. Amitabh Chaudhry is the new managing director and CEO of the bank with effect from January 1, 2019, it said further.

RCom: Reliance Communications and Reliance Jio said that they have extended the terms of an agreement for acquisition of wireless assets of the Anil Ambani-owned firm, to June-end.

Corporation Bank : Birupaksha Mishra has taken over as the executive director (ED) of Corporation Bank. Prior to this appointment, Mishra was general manager in Central Bank of India, Corporation Bank said in a statement.

Fortis Healthcare: The company has appointed Shirish Moreshwar Apte as vice-chairman of the company.

Tata Consultancy Services: Board members will meet on January 10 to take on record the audited financial results for December quarter.

Jindal Steel & Power: Naushad Akhter Ansari, CEO of the company has been designated as the Joint Managing Director.

Time Technoplast: Kotak Securities has maintained buy rating on Time Technoplast and revised target price to Rs 128 from Rs 145. HDPE prices have corrected in recent weeks, thereby, we believe there is a case for margins to bounce back to normal levels, it said. Valuations are attractive at current price, the brokerage said.

Mahindra CIE: Hemant Luthra, chairman of Mahindra CIE told ET Now that the automotive components maker will continue to outgrow the industry as it has a strong balance sheet, which sends a strong signal to automobile companies .

Asian Granito: The companys promoter and managing director Mukeshbhai Patel was arrested by the Directorate of Revenue Intelligence (DRI) on December 28. The stck reacted on Monday and may continue to do so in near term.

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