NHPC may gain on fund raising plans

NHPC said that the company's board of directors in its meeting scheduled to be held on 30 May 2017 will consider the proposal for raising of Rs 1756 crore through issuance of 'W' series corporate bonds on private placement basis. The proposed issue is out of Rs 4500 crore already approved by the shareholders in 40th Annual General Meeting held on 22 September 2016. The announcement was made after market hours yesterday, 24 May 2017.

Bosch, Cipla and Indian Oil Corporation will announce Q4 results today, 25 May 2017.

Shares of Bharti Airtel will be in focus. With respect to media reports titled "Moody's revises Airtel rating outlook to negative from stable," Bharti Airtel clarified that Moody's Investors Service has affirmed its Baa3 issuer rating and senior unsecured debt ratings. Moody's has also affirmed the Baa3 ratings on the senior unsecured notes issued by Bharti Airtel International (Netherlands) B.V., which are irrevocably and unconditionally guaranteed by Bharti Airtel. At the same time, Moody's has changed the outlook on the ratings to negative from stable, Bharti Airtel said. The clarification was made after market hours yesterday, 24 May 2017.

Praj Industries' consolidated net profit declined 40.75% to Rs 22.78 crore on 10.38% decrease in total income to Rs 315.72 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 May 2017.

Jain Irrigation Systems' consolidated net profit rose 23.96% to Rs 77.6 crore on 9.58% rise in revenue from operations to Rs 2286.5 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 May 2017.

Kalpataru Power Transmission said that the executive committee of board of directors of the company approved issuance of listed rated unsecured redeemable taxable non-convertible debentures of Rs 100 crore on private placement basis. The announcement was made after market hours yesterday, 24 May 2017.

Gujarat Gas' net profit fell 53.77% to Rs 33.14 crore on 1.75% rise in total income to Rs 1444.82 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours yesterday, 24 May 2017.

Indian Overseas Bank said that a meeting of committee of directors of the bank will be held on 29 May 2017 to consider and approve the raising of equity capital by way of preferential issue to the Government of India. The announcement was made after market hours yesterday, 24 May 2017.

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