Shares of Aarti Industries are likely to see higher activity on Tuesday as the company informed the exchanges post-market hours that its board had recommended the demerger of its pharmaceutical and home & personal care businesses into separate entities from 2015-16 (April-March). The company said the segments did not have any inter-segment linkages. Besides, it had separate manufacturing facilities. Analysts would be keen to know the swap ratio.

Preference issue to keep Hatsun Agro in focus

The stock of Hatsun Agro Product will remain in focus on Tuesday, as the company’s board is meeting to consider a proposal for allotment of securities on preferential basis to select persons/entities. Though the dairy farm company did not divulge any other details, analysts will be keen to know the pricing and issue size. FIIs’ stake in the company, which posted a profit of ₹7.33 crore for the quarter ended June, increased to 2.34 per cent.

Manappuram: Key diversification on cards

The board of directors of Manappuram Finance will meet on Tuesday to consider the diversification of business into microfinance and financing of commercial vehicles. The move could be interesting, given overseas investors’ appetite in microfinance institutions, which offer high but risky returns, as more than half the Indian population has not been covered by organised institutions. For the quarter ended June, it reported a profit of ₹44 crore.

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