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CNBC-TV18's top stocks to watch out for on October 31

Updated : 2019-10-31 07:42:54

Equity benchmark indices on Wednesday closed 0.5 percent higher after a strong buyout in PSU bank stocks. At 7:00 am, the SGX Nifty was trading 37.50 points or 0.32 percent higher at 11,888, indicating a positive start for the Sensex and the Nifty. These are the top stocks to watch out for Thursday's trade in the Indian equity market:

1. Vodafone Idea: CARE Ratings revised Vodafone Idea's long term ratings and on non-convertible debentures (NCDs) to CARE A- from CARE A, the outlook remains negative. As per the rating rationale published on the website, the downgrade inter-alia is on account of recent Supreme Court ruling dated on the adjusted gross revenue (AGR) matter and also an extension of the long stop date for the sale of Indus Tower stake to Bharti lnfratel. (Image; Reuters)
1. Vodafone Idea: CARE Ratings revised Vodafone Idea's long term ratings and on non-convertible debentures (NCDs) to CARE A- from CARE A, the outlook remains negative. As per the rating rationale published on the website, the downgrade inter-alia is on account of recent Supreme Court ruling dated on the adjusted gross revenue (AGR) matter and also an extension of the long stop date for the sale of Indus Tower stake to Bharti lnfratel. (Image; Reuters)
2. TVS Motors: TVS Motor Company strengthened its presence in Central America by partnering with Cadisa Group for Guatemala and El Salvado. As a part of this association, Cadisa will facilitate the opening of 15 flagship outlets for for the Indian automaker in a phase-wise manner. TVS Motor Company will also be present in 17 multi-brand outlets and over 150 retail stores across Guatemala.  (Image: Company)
2. TVS Motors: TVS Motor Company strengthened its presence in Central America by partnering with Cadisa Group for Guatemala and El Salvado. As a part of this association, Cadisa will facilitate the opening of 15 flagship outlets for for the Indian automaker in a phase-wise manner. TVS Motor Company will also be present in 17 multi-brand outlets and over 150 retail stores across Guatemala.  (Image: Company)
3. Intellect Design Arena: The company announced a multi-million deal win. The Commonwealth Trade Bank, UK chose Intellect Digital Core, IDC 19.1, to power its digital transformation. (Image: PTI)
3. Intellect Design Arena: The company announced a multi-million deal win. The Commonwealth Trade Bank, UK chose Intellect Digital Core, IDC 19.1, to power its digital transformation. (Image: PTI)
4. Piramal Enterprises: The company is seeking shareholders' nod to raise Rs 1,750 crore from a Canadian investor by issuing compulsorily convertible debentures (CCDs). On October 25, the company had entered into a securities subscription agreement with the investor, Caisse de depot et placement du Quebec for raising Rs 1,750 crore. (Image: company)
4. Piramal Enterprises: The company is seeking shareholders' nod to raise Rs 1,750 crore from a Canadian investor by issuing compulsorily convertible debentures (CCDs). On October 25, the company had entered into a securities subscription agreement with the investor, Caisse de depot et placement du Quebec for raising Rs 1,750 crore. (Image: company)
5. Bharti Airtel: Fitch Ratings has placed Bharti Airtel Ltd on 'rating watch negative' over unpaid regulatory dues arising from a recent Supreme Court ruling. (Image: Reuters)
5. Bharti Airtel: Fitch Ratings has placed Bharti Airtel Ltd on 'rating watch negative' over unpaid regulatory dues arising from a recent Supreme Court ruling. (Image: Reuters)
6. HDFC: Mortgage firm HDFC Ltd has acquired 9.89 percent stake in Bandhan Bank as part of the scheme of merger. As many as 15.93 crore shares of the bank were transferred to HDFC Ltd as part of the deal, Bandhan Bank said in a regulatory filing.  (Image: Company)
6. HDFC: Mortgage firm HDFC Ltd has acquired 9.89 percent stake in Bandhan Bank as part of the scheme of merger. As many as 15.93 crore shares of the bank were transferred to HDFC Ltd as part of the deal, Bandhan Bank said in a regulatory filing.  (Image: Company)
7. Reliance Industries: Reliance Industries Ltd (RIL)  said its arm Reliance Brands has increased its stake in Future101 Design by 2.5 percent to 17.5 percent. (Image: Company)
7. Reliance Industries: Reliance Industries Ltd (RIL)  said its arm Reliance Brands has increased its stake in Future101 Design by 2.5 percent to 17.5 percent. (Image: Company)
8. Quess Corp: The company's board increased stake in Vedang Cellular Services Pvt. Limited  (subsidiary) by 18.71 percent worth Rs 10 crore. (Image: Reuters)
8. Quess Corp: The company's board increased stake in Vedang Cellular Services Pvt. Limited  (subsidiary) by 18.71 percent worth Rs 10 crore. (Image: Reuters)
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