Top 10 stocks to track in trade today

NDTV Profit Desk

25 Sep 2012, 09:01 AM IST

Cairn India: Cairn Plc will sell shares worth $940 million in Cairn India via a block deal after which Cairn UK's holding will come down to 10.3 per cent against 18.28 per cent. The price range is likely to be Rs 317.90-328.30 per share, which indicates 5-8 per cent discount to current price. The offer is for 15.26 crore shares from Cairn UK Holding. Citigroup is sole runner of the deal.
Tata Power, Lanco, Adani: The government has approved a scheme for financial restructuring of the debt of seven state electricity boards (SEBs). Short term loans worth Rs 1.9 lakh crore as of FY'11 will be restructured. Restructuring will lower debt burden of distribution companies and will support merchant prices. The package will improve payment security for power producers.
Maruti: Car prices will be hiked within a week, the management has said. Maruti is facing margin pressure due to forex fluctuation and cost inflation.
Sugar stocks: The Cabinet has deferred a decision on raising PDS sugar retail price.
Idea Cellular: The mobile carrier has ruled out a tariff hike for now.
Reliance Mediaworks: Its joint venture with Galloping Horse has acquired certain businesses of Digital Domain for $30.2 million.
Jain Irrigation: It has received shareholders nod to issue equity warrants to promoters.
United Spirits: The stock hit a 52 week high ahead of the annual general meeting today.
Deccan Chargers: The single bench of the Bombay High Court on Monday suggested that Deccan Chargers should go in for arbitration with BCCI. The parties will meet today and name their arbitrators.
HUL: JP Morgan has recommended a "neutral" call with a target of Rs 470 saying demand trends are holding out well.