• SENSEX
    NIFTY 50
Market

CNBC-TV18's top stocks to watch out for on August 20

Updated : 2019-08-20 09:08:27

Indian shares are set for a mixed start on Tuesday as markets await a relief package from the government to revive growth. Meanwhile, gains in Asian markets and the government’s plan to revise tax rates for the individual tax payers and corporates may lend support. Asian shares advanced as hopes for stimulus in major economies tempered anxiety about a global recession. At 7:20 am, the SGX Nifty futures traded 25 points, or 0.23 percent, lower at 11,031.50, pointing to a negative start for the Sensex the Nifty.

Dewan Housing Finance Limited (DHFL): DHFL said it has defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to the issuance of bonds and commercial papers. The default includes Rs 46.92 crore towards interest amount on secured NCDs (9.92 percent and 9.40 percent/10 year tenor); on NCDs issued through a public issue for multiple tenors of amount involving the interest of Rs 363.77 crore and the principal amount of Rs 1,059.91 crore. Moreover, Mint reported that DHFL parent WGC has sold its loan distribution arm to Medtist Group for about Rs 150 crore. (Image: Reuters)
Dewan Housing Finance Limited (DHFL): DHFL said it has defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to the issuance of bonds and commercial papers. The default includes Rs 46.92 crore towards interest amount on secured NCDs (9.92 percent and 9.40 percent/10 year tenor); on NCDs issued through a public issue for multiple tenors of amount involving the interest of Rs 363.77 crore and the principal amount of Rs 1,059.91 crore. Moreover, Mint reported that DHFL parent WGC has sold its loan distribution arm to Medtist Group for about Rs 150 crore. (Image: Reuters)
DLF: Patriarch KP Singh has stepped down as whole-time director but will continue to be its non-executive chairman. Shareholders had approved the reappointment of Singh as a whole-time director designated as chairman for a period of five years. However, 88-year-old Singh during the annual general meeting informed the shareholders that it might not be possible for him to continue as a whole-time director. (Image: Company)
DLF: Patriarch KP Singh has stepped down as whole-time director but will continue to be its non-executive chairman. Shareholders had approved the reappointment of Singh as a whole-time director designated as chairman for a period of five years. However, 88-year-old Singh during the annual general meeting informed the shareholders that it might not be possible for him to continue as a whole-time director. (Image: Company)
Vodafone Idea: CEO Balesh Sharma has stepped down due to
Vodafone Idea: CEO Balesh Sharma has stepped down due to "personal reasons". The company has accepted Sharma's resignation and replaced him with the representative of Vodafone Group, Ravinder Takkar. The move comes just months after Sharma was named the chairman of the Cellular Operators' Association of India (COAI) at industry association's annual general body meeting in early June. (Image: Reuters)
Jammu and Kashmir Bank: J&K Bank plans to raise up to Rs 550 crore by issuing Basel III compliant bonds in the domestic market on private placement basis. The lender's board will put the fund raising proposal before the shareholders at its annual general meeting on September 7, 2019. The fund can be raised in one or more tranches for an aggregate amount of up to Rs 550 crore.
Jammu and Kashmir Bank: J&K Bank plans to raise up to Rs 550 crore by issuing Basel III compliant bonds in the domestic market on private placement basis. The lender's board will put the fund raising proposal before the shareholders at its annual general meeting on September 7, 2019. The fund can be raised in one or more tranches for an aggregate amount of up to Rs 550 crore.
CG Power and Industrial Solutions: The legal firm appointed by the board to review the company’s financial statements has submitted a report. The board disclosed that the total liabilities of the company and the group may have been potentially understated by approximately Rs 1,053.54 crores and Rs 1,608.17 crores, respectively as at March 31, 2018; and by Rs 601.83 crores and Rs 401.83 crores, respectively as at April 1, 2017.
CG Power and Industrial Solutions: The legal firm appointed by the board to review the company’s financial statements has submitted a report. The board disclosed that the total liabilities of the company and the group may have been potentially understated by approximately Rs 1,053.54 crores and Rs 1,608.17 crores, respectively as at March 31, 2018; and by Rs 601.83 crores and Rs 401.83 crores, respectively as at April 1, 2017.
Nestle India: The FMCG major launched cocoa-malt beverage MILO in India. The product is being manufactured at a state of the art factory in Singapore and is specifically tailored for the Indian consumer. This launch further expands the MILO brand in India. (Image: Reuters)
Nestle India: The FMCG major launched cocoa-malt beverage MILO in India. The product is being manufactured at a state of the art factory in Singapore and is specifically tailored for the Indian consumer. This launch further expands the MILO brand in India. (Image: Reuters)
Mangalore Refinery and Petrochemicals: The refinery has been affected by a minor landslide as an aftermath of the intensified monsoon in Dakshina Kannada District, hence as a precautionary measure, the company has structured shutdown of the Phase-III process units of the refinery to access the condition of the facilities in the vicinity and for immediate stabilisation. (Image: Company)
Mangalore Refinery and Petrochemicals: The refinery has been affected by a minor landslide as an aftermath of the intensified monsoon in Dakshina Kannada District, hence as a precautionary measure, the company has structured shutdown of the Phase-III process units of the refinery to access the condition of the facilities in the vicinity and for immediate stabilisation. (Image: Company)
Himachal Futuristic Communications: HFLC said it has received a purchase order worth Rs 2,467 crore from BSNL for setting up of the converged nationwide IP/MPLS backbone and access network tor armed forces under the Network for Spectrum Programme of the Government of India. (Image: Company)
Himachal Futuristic Communications: HFLC said it has received a purchase order worth Rs 2,467 crore from BSNL for setting up of the converged nationwide IP/MPLS backbone and access network tor armed forces under the Network for Spectrum Programme of the Government of India. (Image: Company)
National Fertilizers: ICRA reaffirmed its long term credit rating and term loans rating at AA but revised outlook to negative from stable. The revision in outlook to 'negative' factors in the moderation in the credit metrics owing to the significant increase in the working capital debt of the company driven by the delay in the subsidy receipts from the government.
National Fertilizers: ICRA reaffirmed its long term credit rating and term loans rating at AA but revised outlook to negative from stable. The revision in outlook to 'negative' factors in the moderation in the credit metrics owing to the significant increase in the working capital debt of the company driven by the delay in the subsidy receipts from the government.
Indian Oil Corporation: IOCL said it plans to invest Rs 25,000 crore in green energy projects, including solar and wind power plants, bio-fuels plants, and solar panels at filling stations, reported The Economic Times. (Image: Reuters)
Indian Oil Corporation: IOCL said it plans to invest Rs 25,000 crore in green energy projects, including solar and wind power plants, bio-fuels plants, and solar panels at filling stations, reported The Economic Times. (Image: Reuters)
Live TV

Ask Our Experts CNBC TV18