**ⓂIndia Daybook – Stocks in News**
RITES signed contract for supply of two additional fully air-conditioned Diesel Multiple Unit train sets (Positive)
Sources say NTPC to build world's largest single location solar plant in Gujarat & a 500 MW Greenfield hydro project in Himachal Pradesh (Positive)
REL JIO: Global Operators Collaborate with Industry Partners to Facilitate 0-RAN Testing and Integration (Positive)
Laurus Lab has agreed to acquire 100% shares of Phekolong Pharmaceuticals Pty Ltd (Positive)
Insilco Plant operations have been restarted. (Positive)
ICRA reaffirmed Rating for Rs 200.0 crore Commercial paper programme of Mahindra CIE. (Positive)
Oriental Bank Of Commerce: ICRA revises outlook of bonds from ‘stable’ to ‘rating watch with positive implications’ (Positive)
NALCO announced a record 115 per cent dividend payout amounting to Rs 1,072.73 crore for 2018-19. (Positive)
Tata Communications and Cisco partner to create a fully managed contact center solution for enhanced customer experience. (Positive)
Manappuram Finance: The board of the company will consider raising up to Rs 465 crore on September 23. (Positive)
Madhav Infra: The company has got orders for for road and solar projects worth Rs 258 crore. (Positive)
Advanced Enzyme Technologies: CRISIL has reaffirmed "CRISIL A" rating on the company's long term facilites and "CRISIL A1" on short term facilities. (Positive)
Indian Bank gave its in-principle approval for the amalgamation of Allahabad Bank (Neutral)
Reliance Capital clarified that no pledged shares of RNAM have been invoked by any lender (Neutral)
Central Bank of India – ICRA has reaffirmed "ICRA A+" rating with 'negative' outlook on lower tier-II bonds of the bank (Negative)
ICRA sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19 (Negative)
R Com: The NCLAT directed resolution professional of R Com to raise demand for Rs 577 crore paid to Ericsson (Negative)
Jefferies writes about gas utilities, says weaker Rupee is a headwind for near-term margins of gas cos; MGL & IGL to benefit from higher crude prices (Positive)
Cadila’s India market should return to 10-12% growth rate in due course, Morgan Stanley feels, adding, transdermal launches should gross $55 m in FY21, target at Rs 304/share (Positive)
GoldmanSachs on Airlines: Maintain buy on IndiGo and Spice Jet (Positive)
Citi shares its view on Voltas ahead of the festive season, says time to come is key, maintains BUY, target at Rs 717/share (Positive)
CLSA believes that the price erosion woes in the US market for the Indian pharma sector are
Mindtree continues to face pressure in its traditional business but digital demand has remained strong. Citi retains NEUTRAL with a target of Rs 755/sh (Neutral)
Voltas’ project business outlook continues to be in a mixed bag, HSBC says. Target of Rs 685/sh (Neutral)
Expect billing growth in 99Acres to accelerate to 40%; Zomato is likely to see near-term course correction, CLSa says about Info Edge, target at Rs 2400/share (Neutral)
Jefferies trim FY20/21/22e EPS for Havells by 6%/4%/3%, cuts target Rs 790 from 820 (Negative)