Stocks to watch today.

Following stocks are likely to be in the limelight today, July 16.

Larsen & Toubro (L&T) plans to form a Rs 20 billion forging venture with Nuclear Power Corporation of India (NPCIL), reports Business Standard. NPCIL is in negotiations with L&T for the last few months for setting up a new venture. Shares of the company fell Rs 111.95, or 4.68%*.

Jubilant Organosys reported a robust growth in its consolidated net profit for the first quarter ended June 2008. During the quarter, the profit of the company surged 2.19 times from a year-ago to Rs 1,204 million. Shares of the company declined Rs 2.75, or 0.9%*.

Sintex Industries is said to be in race to acquire US-based industrial composite moulder, Continental Structural Plastics for around USD 70-80 million, reports Economic Times. Shares of the company slipped Rs 11.05, or 3.78%*.

Sanra Software plans to acquire a gaming company and launch two full-length animation movies by March next year, reports Business Standard. Shares of the company lost Rs 2.15, or 4.96%*.

Kavveri Telecom Products is planning to raise USD 10 million for financing its inorganic growth plans for fiscal 2009 and its capex plan of Rs 80 million, reports Business Standard. Shares of the company declined Rs 4.6, or 4.64%*.

Infotech Enterprises and Dassault Aviation signed an MoU to jointly collaborate and perform activities related to the ministry of defense, Government of India proposed medium multi role combat aircraft offset program. Shares of the company fell Rs 8.2, or 3.94%*.

Novartis India disclosed a good rise in its standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company increased 29.77% to Rs 296.40 million from Rs 228.40 million in the same quarter, last year. Shares of the company declined Rs 0.9, or 0.33%*.

Rallis India disclosed a phenomenal rise in its standalone net profit for the first quarter ended June 2008. During the quarter, the profit of the company rose 2.98 times to Rs 42.30 million from Rs 14.20 million in the same quarter, previous year. Shares of the company decreased Rs 2.85, or 0.7%*.

*Closing share prices as on Tuesday, Jul. 15, 2008.
Source: - myiris.com