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CNBC-TV18's top stocks to watch out for on October 10

Updated : 2019-10-10 07:32:53

Indian shares are likely to open negative on Thursday following global markets which tumbled over no signs of progress in trade talks between Washington and Beijing. At 7:04 AM, SGX Nifty was trading at 11,281.50, down 0.50 percent, indicating a weak start for the Sensex and the Nifty. Here are the top stocks to watch out for:

Indiabulls Housing Finance: The Reserve Bank of India on Wednesday rejected the proposed merger between Indiabulls Housing Finance and Lakshmi Vilas Bank. The company, in its BSE filing, said,
Indiabulls Housing Finance: The Reserve Bank of India on Wednesday rejected the proposed merger between Indiabulls Housing Finance and Lakshmi Vilas Bank. The company, in its BSE filing, said, "Now that the merger will not happen with Lakshmi Vilas Bank, the uncertainty of last 5 months on the business is lifted and the company will focus on the growth of its core business of housing finance." Furthermore, the company is also considering a buyback plan for its shareholders.
Tata Consultancy Services: TCS will announce its Q2FY20 earnings on Thursday.
Tata Consultancy Services: TCS will announce its Q2FY20 earnings on Thursday.
Indiabulls Ventures: The company and its sister company, Indiabulls Housing Finance, have announced their respective share buyback plans. The meeting on October 11 between the board of directors will consider the proposal of buyback of equity shares of both these companies.
Indiabulls Ventures: The company and its sister company, Indiabulls Housing Finance, have announced their respective share buyback plans. The meeting on October 11 between the board of directors will consider the proposal of buyback of equity shares of both these companies.
Reliance Industries: Reliance Jio will start recovering IUC (interconnect usage charges) from its customers. This will charge customers 6 paise/minute for voice calls to other operators.
Reliance Industries: Reliance Jio will start recovering IUC (interconnect usage charges) from its customers. This will charge customers 6 paise/minute for voice calls to other operators.
Bank of Maharashtra: The Reserve Bank of India has intimated about the bank's inability to accede the request made by the bank for setting-off the accumulated losses against the balance lying in share premium account and revenue reserve account of Bank.
Bank of Maharashtra: The Reserve Bank of India has intimated about the bank's inability to accede the request made by the bank for setting-off the accumulated losses against the balance lying in share premium account and revenue reserve account of Bank.
Bharti Airtel: The telecom major announced successful pricing of US$750 million 5.650 percent subordinated perpetual securities.
Bharti Airtel: The telecom major announced successful pricing of US$750 million 5.650 percent subordinated perpetual securities.
Mangalore Chemicals & Fertilisers: The credit rating agency CARE Ratings revised its long-term rating to BBB from BBB+. The revision in the ratings assigned to the bank facilities of the company takes into account the moderation in its financial risk profile as reflected by its declining profitability margins owing to lower production in FY19'  along with higher raw material prices and deterioration in its debt service coverage indicators.
Mangalore Chemicals & Fertilisers: The credit rating agency CARE Ratings revised its long-term rating to BBB from BBB+. The revision in the ratings assigned to the bank facilities of the company takes into account the moderation in its financial risk profile as reflected by its declining profitability margins owing to lower production in FY19'  along with higher raw material prices and deterioration in its debt service coverage indicators.
Future Retail: The board meeting on October 12 will consider fundraising.
Future Retail: The board meeting on October 12 will consider fundraising.
Torrent Pharma: The company received a warning letter from the US FDA for its Indrad facility in Gujarat, wherein the agency has classified its inspection as
Torrent Pharma: The company received a warning letter from the US FDA for its Indrad facility in Gujarat, wherein the agency has classified its inspection as "Official Action Indicated".
Infosys: The IT services major said it has entered into a strategic partnership with Eishtec under which 1,400 employees of the Irish firm will be transferred to Infosys BPM.
Infosys: The IT services major said it has entered into a strategic partnership with Eishtec under which 1,400 employees of the Irish firm will be transferred to Infosys BPM.
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