Here are the stocks that are in focus today:
Results on August 13:3M India Ltd, Apollo Hospitals Enterprise Ltd, Ashoka Buildcon Ltd, Balmer Lawrie & Company Ltd, Bharat Forge Ltd, Blue Star Ltd, Bosch Ltd, Coal India Ltd, Dishman Carbogen Amcis Ltd, Dr Lal Pathlabs Ltd, EIH Ltd, Essel Propack Ltd, Fine Organic Industries Ltd, GIC Housing Finance Ltd, Glenmark Pharmaceuticals Ltd, Godrej Industries Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Hindustan Aeronautics Ltd, Info Edge (India) Ltd, Ipca Laboratories Ltd, J B Chemicals & Pharmaceuticals Ltd, Jai Corp Ltd, Manappuram Finance Ltd, National Aluminium Company Ltd, NMDC Ltd, Oil & Natural Gas Corpn Ltd, Power Finance Corporation Ltd, Rain Industries Ltd, Redington India Ltd, Reliance Infrastructure Ltd, Rites Ltd, Shilpa Medicare Ltd, Sun Pharmaceuticals Industries Ltd, Tamil Nadu Newsprint & Papers Ltd, Time Technoplast Ltd, TVS Srichakra Ltd, Uflex Ltd, Vardhman Textiles Ltd, WABCO India Ltd
Allahabad Bank: Lender reduced the interest rate (MCLR) by 15 to 20 bps.
IRB Infra – Mhaiskar Infrastructure, a wholly-owned subsidiary of the company, has successfully completed concession period of Mumbai Pune Project on August 10, 2019, and subsequently, SPV has handed over the Project to the MSRDC
Sintex Plastics Technology divest entire equity holding in its indirect wholly ownedsubsidiary, Sintex NP SAS
Varroc Engineering to acquire 74% stake in CarIQ, a leading Telematics solution provider
Cox & Kings
Malvern Group, the holding Company of Superbreak and Laterooms had declared insolvency in the UK.
Malvern Group is 49% owned by Cox & Kings (Investment value as on March 31, 2019, is Rs 9.21 crore)
Alembic Pharmaceuticals receives USFDA approval for Dorzolamide Hydrochloride Ophthalmic Solution USP, 2%
Saudi Aramco and Reliance Industries (RIL) sign a non-binding letter of intent to acquire a 20% stake in O2C division of RIL at an enterprise value of USD 75 billion
Reliance Jio Infocomm, a subsidiary of Reliance Industries and Microsoft Corp in alliance to accelerate digital transformation in India
Grasim Industries board meeting on August 14 to consider raising of funds through issue of non-convertible debentures, in one or more tranches, on a private placement basis
DB Realty: Pledge on 2.1 percent promoter stake released on August 6.
Praj Industries has entered into a cooperation agreement with Dedini S/A Industrias de Base to provide ethanol production technologies to the Brazilian market
Tata Motors: JLR July retail sales rose 5 percent to 37,945 units, Jaguar sales increased 3.6 percent to 11,386 units and Land Rover sales rose 5.6 percent to 26,559 units YoY. China sales saw a recovery in July.
Tata Motors: S&P took the company off credit watch, saying Tata Motors’ outlook negative on cash outflows, Brexit.
Indoco Remedies – Anacipher clears USFDA inspection with zero 483
Torrent Pharma: USFDA classified Indrad facility as official action indicated (OAI)
USFDA completes inspection of Natco’s Mekaguda active pharmaceutical ingredient facility
Sonata Software announces a partnership with Agastya International Foundation to support creativity and innovative thinking in rural schools
Unichem Laboratories received ANDA approval from USFDA for Chlorthalidone Tablets
IBM and Tata Communications join Hedera governing council
JSW Steel: Crude steel production down 4 percent to 13.17 lakh tonnes against 13.78 lakh tonnes YoY.
Andhra Bank has decreased its marginal cost of funds based lending (MCLR) w.e.f. August 16, 2019
Bank Of India told CNBC-TV18: Bank has cut lending rates by 25 bps and margins will be negatively impacted due to a reduction in lending rate.
NDTV: Founders Radhika & Prannoy Roy prevented from leaving the country. CBI is probing allegations of bank fraud, money laundering against Roys & NDTV.
Vinati Organics – CARE has upgraded the ratings of Long-term/Short-term Bank Facilities to CARE AA; stable / CARE A1+.
Suzlon Energy clarified that the company continues to work on significant debt reduction, as committed. The company has been exploring various funding options like raising fresh equity and the company has been engaging with its lenders in this regard to arrive at mutually acceptable and viable options.
Zuari Agro – After the repair of tube leak of the PG- Reboiler in the CO2 removal section of Ammonia Plant, the plants could not be started, due to non-availability of gas supply, due to non payment of dues to GAIL, which was due to liquidity issues arising mainly out of delay in release of subsidy.
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Source – MoneyControl