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CNBC-TV18's top stocks to watch out for on December 17

Updated : December 17, 2019 11:21 AM IST

Benchmark indices BSE Sensex and NSE's Nifty50 are expected to open higher on Tuesday, tracking positive sentiment in the global markets on the back of easing US-China trade worries. Among the stocks in the news today, Cipla acquired brand name and trademark rights for Vysov while S&P revised Shriram Transport Finance's outlook to 'Negative' from 'Stable. Here are the top stocks to watch out for in today's trade:

Cipla: The company acquired brand name and trademark rights for Vysov for anti-diabetic drug Vildagliptin for the Indian market from Novartis. Vildagliptin is an orally active, potent and selective DPP-4 inhibitor that improves glycemic control in patients primarily by enhancing pancreatic (α and β) islet functions.
Cipla: The company acquired brand name and trademark rights for Vysov for anti-diabetic drug Vildagliptin for the Indian market from Novartis. Vildagliptin is an orally active, potent and selective DPP-4 inhibitor that improves glycemic control in patients primarily by enhancing pancreatic (α and β) islet functions.
Reliance Industries Ltd (RIL): RIL and British energy giant BP plc signed a partnership agreement to jointly expand RIL’s fuel retailing network to 5,500 retail sites and 45 aviation fuel stations from current 1,400retail sites and 30 aviation fuel stations across India over the next five years. The venture is expected to be formed during the first half of 2020. Additionally, RIL’s subsidiary Indiavidual Learning Pvt Ltd (Embibe) has acquired 90.5 percent stake in education technology company Funtoot for Rs 71.64 crore. (Disclaimer: Reliance Industries, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com)
Reliance Industries Ltd (RIL): RIL and British energy giant BP plc signed a partnership agreement to jointly expand RIL’s fuel retailing network to 5,500 retail sites and 45 aviation fuel stations from current 1,400retail sites and 30 aviation fuel stations across India over the next five years. The venture is expected to be formed during the first half of 2020. Additionally, RIL’s subsidiary Indiavidual Learning Pvt Ltd (Embibe) has acquired 90.5 percent stake in education technology company Funtoot for Rs 71.64 crore. (Disclaimer: Reliance Industries, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com)
Maruti Suzuki India Ltd: Bank of America Merrill Lynch (BofAML) upgrade the rating to Buy from Neutral and also raised the Target Price to Rs 8,650 from Rs 7,450 earlier. BofAML says that Maruti Suzuki is best placed for recovery in PV segment while it expects company’s volumes to grow 10 percent each in FY21 and FY22. (Image: Reuters)
Maruti Suzuki India Ltd: Bank of America Merrill Lynch (BofAML) upgrade the rating to Buy from Neutral and also raised the Target Price to Rs 8,650 from Rs 7,450 earlier. BofAML says that Maruti Suzuki is best placed for recovery in PV segment while it expects company’s volumes to grow 10 percent each in FY21 and FY22. (Image: Reuters)
Shriram Transport Finance Ltd: S&P Global Ratings has revised company’s outlook to 'Negative' from 'Stable' on weaker economic conditions. The outlook was revised to reflect the increased risk of a deterioration in company’s asset quality, which could also affect availability of credit to the company over the next 12 months or so, the rating agency said. (Stock Image)
Shriram Transport Finance Ltd: S&P Global Ratings has revised company’s outlook to 'Negative' from 'Stable' on weaker economic conditions. The outlook was revised to reflect the increased risk of a deterioration in company’s asset quality, which could also affect availability of credit to the company over the next 12 months or so, the rating agency said. (Stock Image)
JM Financial Ltd: The company will consider fundraising by the way of issue of equity shares or any instrument.
JM Financial Ltd: The company will consider fundraising by the way of issue of equity shares or any instrument.
Magma Fincorp Ltd: Rating agency ICRA revised company’s outlook to Negative from Stable factoring in the deterioration in the asset quality indicators following the reduced collection efficiencies in certain geographies and loan segments
Magma Fincorp Ltd: Rating agency ICRA revised company’s outlook to Negative from Stable factoring in the deterioration in the asset quality indicators following the reduced collection efficiencies in certain geographies and loan segments
Raymond Ltd: Promoter Group acquired additional 5.16 percent equity via Compulsorily convertible preference share (CCPS) on December 12.
Raymond Ltd: Promoter Group acquired additional 5.16 percent equity via Compulsorily convertible preference share (CCPS) on December 12.
IRB Infra Ltd: The board allotted NCDs worth Rs 1,400 crore.
IRB Infra Ltd: The board allotted NCDs worth Rs 1,400 crore.
NIIT Technologies Ltd: Board to meet on December 23 to consider share buyback. (Stock Image)
NIIT Technologies Ltd: Board to meet on December 23 to consider share buyback. (Stock Image)
Elgi Equipments Ltd: Company’s US arm ELGi Compressors USA, Inc to buy 100 percent stake in Michigan Air Solutions for Rs 42.44 crore ($6 million)
Elgi Equipments Ltd: Company’s US arm ELGi Compressors USA, Inc to buy 100 percent stake in Michigan Air Solutions for Rs 42.44 crore ($6 million)
Published : December 17, 2019 07:30 AM IST
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