Here is the list of stocks that are on the focus today:
PSP Projects: Company received new orders worth Rs 156 crore during FY 2019-20.
Wipro: Company signed definitive agreement to acquire International TechneGroup
Avenue Supermart issued commercial paper of Rs 100 crore on June 4, 2019
Axis Bank – Fitch Ratings revised the long term issuer default rating from ‘BBB-‘ (Outlook: Negative) to ‘BB+’ (Outlook: Stable) and short term IDR from ‘F3’ to ‘B’ of the bank on June 03, 2019
ICICI Bank clarified that all ratings for the bank are unsolicited
Adani Ports has fixed June 21, 2019, as the record date for the purpose of buyback of equity shares
Force Motors’ Mat 2019 production stood at 2015 units, domestic sales at 2089 and sales export at 81 units
Housing sales up 13 percent in January-March on stable prices: CBRE – PTI
Coal India targets 660 mt output, lines up Rs 10,000 crore capex in FY20: PTI Sources
Indoco Remedies: US FDA issues 4 observations after inspection of the facility in Goa.
Govt may announce infusion of Rs 4,000 crore in PSU non-life firms in Budget: PTI
HPCL clarification: Excise department has issued a show cause notice seeking additional payment of excise duty from Visakh refinery
In our opinion, the demand is legally not tenable and the show cause notice will be suitably replied
India Ratings & Research revised ratings for the term loan of Hathway Cable from IND A- to IND AAA
VST Tiller sold 1411 power tiller in May 2019 versus 1751 in May 2018, while it sold 527 tractors against 706 tractors
Eros International – CARE revised its rating to CARE D from CARE BBB- for the long term bank facilities
Tata Motors: Jaguar Land Rover & BMW Group announce collaboration for electrification technology. Electric drive units will be manufactured by each partner in their own production facilities.
DHFL: Company likely to miss payment deadline for Rs 1,150 crore due on NCDs. Blackstone is likely to pay DHFL around Rs 2,500 crore for Aadhaar By June 10 – CNBC-TV18 Sources.
DHFL gets RBI’s approval for the sale of Avanse Financial Services to Warburg Pincus Group
ICRA, Crisil downgraded the rating on Rs 850 crore worth of commercial paper of Dewan Housing Finance Corporation (DHFL) to ‘default’ from ‘A4’
Lupin: Japan’s PMDA completes inspection of Mandideep facility (Unit-2), inspection closed with no critical or major observations.
Natco Pharma: Natco files ANDA for Bosentan 32mg tablets for the USA market.
Indian Card Clothing: ICRA revised rating in respect of Rs 17.60 crore line of credit of the company.
KPI Global Infrastructure: Company acquired 100 percent equity shares of KPIG Energia Private Limited, Surat (SPV).
Muthoot Capital Services: Company completed a securitization transaction of Rs 140.37 crore on May 31, 2019.
India Grid Trust: Company issued non-convertible debentures of Rs 1,400 crore and announced the acquisition of Sterlite Grid 2.
HEG: Company increased stake in Bhilwara Energy Limited, an associate company of HEG, from 29.48 percent to 49 percent.