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CNBC-TV18's top stocks to watch out for on December 06

Updated : 2019-12-06 07:40:43

Benchmark indices BSE Sensex and NSE’s Nifty50 are likely to open higher on Friday on positive global cues and RBI’s ‘accommodative’ stance. Among the stocks in the news today, Moody's downgraded Yes Bank's credit ratings and assigned negative outlook. M&M has acquired 36.63 percent stake in Meru Travel Solutions for Rs 44.71 crore. Here are some stocks in focus today

Moody's Investors Services downgraded Yes Bank's credit ratings and assigned negative outlook citing asset quality concerns and the shrinking capital buffers. The negative outlook primarily reflects the risk of further deterioration in the bank's solvency, funding or liquidity, if the bank is unable to recapitalise itself within the next few quarters. The agency said the bank's claim to have received investor interest to the tune of $2 billion has
Moody's Investors Services downgraded Yes Bank's credit ratings and assigned negative outlook citing asset quality concerns and the shrinking capital buffers. The negative outlook primarily reflects the risk of further deterioration in the bank's solvency, funding or liquidity, if the bank is unable to recapitalise itself within the next few quarters. The agency said the bank's claim to have received investor interest to the tune of $2 billion has "significant execution risks around the timing, price and regulatory approvals".
Mahindra & Mahindra: The company acquired 36.63 percent of share capital of Meru Travel Solutions at Rs 44.71 crore in the first tranche of investment. After the investment of the first tranche in Meru, it will have the right to appoint majority of the Directors on the Board of Meru.
Mahindra & Mahindra: The company acquired 36.63 percent of share capital of Meru Travel Solutions at Rs 44.71 crore in the first tranche of investment. After the investment of the first tranche in Meru, it will have the right to appoint majority of the Directors on the Board of Meru.
Bank of Baroda: Board approved raising up to Rs 1,850 crore in Tier-I bonds with base size of Rs 500 crore and green shoe option of Rs 1,350 crore. (Image: Reuters)
Bank of Baroda: Board approved raising up to Rs 1,850 crore in Tier-I bonds with base size of Rs 500 crore and green shoe option of Rs 1,350 crore. (Image: Reuters)
Tata Motors: Jaguar & Land Rover November UK sales fell to 8,199 units against 9,055 units YoY. Further, company’s board approved allotment of 20.16 crore ordinary shares at a price of Rs 150 each and 23.13 crore warrants at a price of Rs 150 per warrant on preferential basis to its promoters, Tata Sons.
Tata Motors: Jaguar & Land Rover November UK sales fell to 8,199 units against 9,055 units YoY. Further, company’s board approved allotment of 20.16 crore ordinary shares at a price of Rs 150 each and 23.13 crore warrants at a price of Rs 150 per warrant on preferential basis to its promoters, Tata Sons.
InterGlobe Aviation Ltd: The IndiGo airline operator has reduced its growth capacity forecast for the current financial year to 22-23 percent from 25 percent earlier. The airline has also modified the growth target for March quarter to 15-20 percent on account of aircraft delivery issues.
InterGlobe Aviation Ltd: The IndiGo airline operator has reduced its growth capacity forecast for the current financial year to 22-23 percent from 25 percent earlier. The airline has also modified the growth target for March quarter to 15-20 percent on account of aircraft delivery issues.
RBL Bank: Bajaj Finance withdraws from preferential capital participation. The bank successfully closed QIP of Rs 2,025 crore at a price of Rs 351 per share. It has determined and approved the allocation of 5.77 crore equity shares at an issue price of Rs 351 per share upon the closure of the Issue, which is at a discount of 0.45 percent i.e. Rs 1.57 per share to the floor price of Rs 352.57 per share.
RBL Bank: Bajaj Finance withdraws from preferential capital participation. The bank successfully closed QIP of Rs 2,025 crore at a price of Rs 351 per share. It has determined and approved the allocation of 5.77 crore equity shares at an issue price of Rs 351 per share upon the closure of the Issue, which is at a discount of 0.45 percent i.e. Rs 1.57 per share to the floor price of Rs 352.57 per share.
Allcargo Logistics: The company bought a controlling stake in Gati Ltd for around Rs 416 crore. Allcargo has signed a share purchase agreement with Gati’s promoter group to acquire up to 1.33 million shares at Rs 75 per share. Allcargo will also subscribe to a preferential issue of 13.3 million equity shares of Gati at Rs 75 apiece. After the closure of the two agreements, Allcargo will own a 19.43 percent stake in Gati.
Allcargo Logistics: The company bought a controlling stake in Gati Ltd for around Rs 416 crore. Allcargo has signed a share purchase agreement with Gati’s promoter group to acquire up to 1.33 million shares at Rs 75 per share. Allcargo will also subscribe to a preferential issue of 13.3 million equity shares of Gati at Rs 75 apiece. After the closure of the two agreements, Allcargo will own a 19.43 percent stake in Gati.
Bandhan Bank: Shareholders of the Bank have approved the reduction in the authorized share capital of the Bank to comply with Section 12(1)(i) of the Banking Regulation Act, 1949 and consequent amendment to the Capital clause of Memorandum of Association of the Bank. (Image: Reuters)
Bandhan Bank: Shareholders of the Bank have approved the reduction in the authorized share capital of the Bank to comply with Section 12(1)(i) of the Banking Regulation Act, 1949 and consequent amendment to the Capital clause of Memorandum of Association of the Bank. (Image: Reuters)
Indiabulls Ventures Ltd: The company has fixed December 19, 2019 as the record date for buyback of 6.67 crore shares at Rs 150 per share.
Indiabulls Ventures Ltd: The company has fixed December 19, 2019 as the record date for buyback of 6.67 crore shares at Rs 150 per share.
Reliance Power: India Ratings & Research downgraded the long-term rating on rated instruments of its wholly-owned subsidiary Rosa Power Supply Company Ltd, to ‘IND B/Stable’ from ‘IND BB / Negative’ due to non-cooperation from the company.
Reliance Power: India Ratings & Research downgraded the long-term rating on rated instruments of its wholly-owned subsidiary Rosa Power Supply Company Ltd, to ‘IND B/Stable’ from ‘IND BB / Negative’ due to non-cooperation from the company.
AMTEK Auto: Supreme Court gives another 30 days to resolution professional & committee of creditors to get fresh offers & another 3 weeks for evaluation by Committee of Creditors.
AMTEK Auto: Supreme Court gives another 30 days to resolution professional & committee of creditors to get fresh offers & another 3 weeks for evaluation by Committee of Creditors.
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