Stocks to Watch - Reliance Capital, BHEL

Following stocks are likely to be in the limelight today, July 13.

Reliance Capital targets to raise Rs 20 billion through a private equity (PE) fund nearly a year after it announced its plan to enter this space. Shares of Reliance Capital closed down Rs 21.05, or 2.75%, at Rs 744.05.

Bharat Heavy Electricals (BHEL) is planning five joint ventures (JVs) in the nuclear sector and locomotive manufacturing. Shares of the company declined Rs 36.6, or 1.81%, to settle at Rs 1,984.65.

Infosys Technologies has decided against having a co-chairman after Nandan M Nilekani stepped down from his post. Shares of the company gained Rs 49.75, or 2.97%, to settle at Rs 1,726.50.

Sun Pharmaceutical Industries along with its 100% subsidiary, Caraco Pharmaceutical Laboratories has entered into agreements with US based Forest Laboratories, Forest Laboratories Holdings, and H. Lundbeck to settle the legal proceedings related to Lexapro tablets. Shares of the company declined Rs 48.7, or 4.16%, to settle at Rs 1,120.90.

National Aluminium Company (Nalco), Asia`s largest integrated aluminium complex has got the no-objection certificate from the Andhra Pradesh government for grant of mining lease in favour of the company for two bauxite blocks in Visakhapatnam and east Godavari districts. Shares of the company declined Rs 9.4, or 3.35%, to settle at Rs 271.05.

Rei Agro, a basmati rice processing and marketing company has announced a rise of 20.79% for the quarter ended June 30, 2009. During the quarter, the company reported profit of Rs 415.85 million as against Rs 344.26 million for the quarter ended June 30, 2008. Shares of the company gained Rs 1.4, or 2.45%, to settle at Rs 58.45.