STOCK TO WATCH FEB 14

GLOBAL MARKETS ROUNDUP  
     * Nifty futures on the Singapore Exchange was 0.11
percent up. The MSCI-Asia Pacific index, excluding Japan 
 was 0.62 percent higher.           
    * Asian shares rose ahead of the G20 meeting of finance and
central bank officials over the weekend.   
    * U.S. stocks drifted in light volume on Wednesday, ending
little changed, as investors remained cautious after the S&P 500
 index briefly hit its highest intraday level since
November 2007.  
       
    FACTORS TO WATCH  
    * January WPI inflation (around 0600 GMT). 
    * Earnings: State Bank of India, Tata Motors Ltd
, Dr. Reddy's Laboratories Ltd, DLF Ltd
 

    INDIAN STOCKS TO WATCH
For additional press items double click 
NOTE: Reuters has not verified third-party stories and does not
vouch for their accuracy.
    
    FINANCIAL/REGULATORY
    * The Indian government is likely to target 400 billion
rupees ($7.42 billion) in proceeds from stake sales in state-run
companies in the next fiscal year, a finance ministry official
with direct knowledge of budget talks told Reuters on Wednesday.
(Reuters) 
    * The Indian government is likely to allocate 200 billion
rupees ($3.71 billion) for capital infusion in state-run banks
in the next financial year, a finance ministry official with
direct knowledge of budget talks told Reuters on Wednesday.
(Reuters) 
    * India's capital markets regulator ordered a freeze on the
assets and bank accounts of two Sahara Group companies, saying
they failed to heed a Supreme Court order to repay billions of
dollars collected from investors in outlawed bonds. (Reuters)
 
    
    ENERGY/COMMODITIES
    * Tata Steel Ltd posted its second straight
quarterly loss on Wednesday, as weak demand and prices in its
main European market squeezed margins. (Reuters) 
    * Coal India Ltd posted a 9 percent increase in
quarterly profit, beating market estimates, as strong sales
volumes offset rising costs. (Reuters) 
    * Bharat Petroleum Corp Ltd's October-December net
profit fell 47.5 percent to 16.48 billion rupees from a year
ago. (Reuters) 
    * Indian Oil Corp Ltd will review diesel prices on
Friday or Saturday, chairman R.S. Butola said. (Reuters)
 
    * India will ensure its refiners have insurance for plants
that run crude from Iran, a government source said on Wednesday,
allaying fears that imports from the sanctions-hit country may
have to be halted. (Reuters) 
    
    INFRASTRUCTURE
    * Shriram Group is in advanced talks with Citigroup Venture
Capital and Blackstone Group LP  to raise 5.38 billion
rupees ($100 million) for its cement business - Sree Jayajothi
Cements, Business Standard reported citing unidentified senior
Shriram Group officials. (Business Standard)
    
    * GMR Infrastructure Ltd said it would sell a 74
percent stake in GMR Jadtcherla Expressways to Macquarie SBI
Infrastructure Fund for 2.06 billion rupees. (Economic Times)
here
    
    TELECOMS
    * The telecom department has issued notices to the country's
three top operators - Vodafone India, Bharti Airtel Ltd
 and Reliance Communications Ltd - demanding
that they pay an additional revenue share for spectrum usage
from 2008 onwards. (Economic Times)
here
    
    DRUG
    * Wockhardt Ltd  may have to withdraw certain
batches of pain relief medicine Brexic DT, which it markets in
India, following a recent alert issued by the Drugs Controller
General of India (DCGI), a senior DCGI official told Business
Standard. (Business Standard)
here
    
    IT
    * Educomp Solutions Ltd  Oct-Dec net profit down
73.28 percent to 65.7 million rupees from 245.9 million rupees a
year ago as net sales drops 32.33 percent to 2.47 billion rupees
from 3.65 billion rupees a year earlier. (Reuters)

Posted in: STOCKS TO WATCH