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CNBC-TV18's top stocks to watch out for on January 30

Updated : 2020-01-30 08:09:24

Indian shares are set for a mixed start following muted trends in global markets amid concerns about the spread of China’s coronavirus. Investors are also cautious ahead of the Budget 2020. Among the stocks in news today, IndiGo shareholders rejected a promoter Rakesh Gangwal’s proposal, and Bajaj Finserv reported a 32 percent rise in consolidated net profit at Rs 1,126 crore in Q3FY20. Here is a list of top stocks to watch out for in today’s trade

IndiGo shareholders have rejected a proposal by promoter Rakesh Gangwal to change rules on the sale and purchase of shares, with 51.55 percent voting against the proposal and 48.56 percent in favour. Gangwal and his associate Anupam Khanna remained absent at the extraordinary general meeting (EGM) on Wednesday, which was requisitioned by the former.
IndiGo shareholders have rejected a proposal by promoter Rakesh Gangwal to change rules on the sale and purchase of shares, with 51.55 percent voting against the proposal and 48.56 percent in favour. Gangwal and his associate Anupam Khanna remained absent at the extraordinary general meeting (EGM) on Wednesday, which was requisitioned by the former.
The Reserve Bank of India has imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance with Know Your Customer (KYC) norms. The RBI said that supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had
The Reserve Bank of India has imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance with Know Your Customer (KYC) norms. The RBI said that supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had "failed to exercise ongoing due diligence" with regards to 39 current accounts opened by its customers for bidding in Initial Public Offer.
Bajaj Finserv reported a 32 percent rise in consolidated net profit at Rs 1,126 crore in third quarter of FY20.Total income rose 31 percent at Rs 14,561 crore as against Rs 11,142 crore in year-ago period.
Bajaj Finserv reported a 32 percent rise in consolidated net profit at Rs 1,126 crore in third quarter of FY20.Total income rose 31 percent at Rs 14,561 crore as against Rs 11,142 crore in year-ago period.
India Ratings maintained 'Rating Watch Negative (RWN)' on Yes Bank, saying that the lender continues to remain in discussions with potential investors but raising sizeable capital in the near-term could be challenging. RWN indicates that the rating will be either affirmed or downgraded. It has maintained RWN on the Basel III tier-2 bonds of Rs 11,000 crore, additional Basel tier-1 bonds of Rs 11,100 crore and infrastructure bonds of Rs 3,580 crore.
India Ratings maintained 'Rating Watch Negative (RWN)' on Yes Bank, saying that the lender continues to remain in discussions with potential investors but raising sizeable capital in the near-term could be challenging. RWN indicates that the rating will be either affirmed or downgraded. It has maintained RWN on the Basel III tier-2 bonds of Rs 11,000 crore, additional Basel tier-1 bonds of Rs 11,100 crore and infrastructure bonds of Rs 3,580 crore.
FMCG major Godrej Consumer Products (GCPL) reported a 5.11 percent increase in consolidated net profit at Rs 445.20 crore in Q3FY20, helped by volume growth in domestic business. Total income stood at Rs 2,801.57 crore, 1.99 percent lower compared with Rs 2,746.65 crore in the year-ago period. Total expenses rose 1.28 percent to Rs 2,244.16 crore.
FMCG major Godrej Consumer Products (GCPL) reported a 5.11 percent increase in consolidated net profit at Rs 445.20 crore in Q3FY20, helped by volume growth in domestic business. Total income stood at Rs 2,801.57 crore, 1.99 percent lower compared with Rs 2,746.65 crore in the year-ago period. Total expenses rose 1.28 percent to Rs 2,244.16 crore.
Airtel Payments Bank has raised close to Rs 225 crore from Bharti Airtel and Bharti Enterprises, as per regulatory documents. While Bharti Airtel has infused Rs 180.22 crore into Airtel Payments Bank, Bharti Enterprises has injected Rs 44.77 crore. The investments, which add up to Rs 225 crore, have been made in the form of preference shares, documents sourced by business intelligence platform Tofler showed.
Airtel Payments Bank has raised close to Rs 225 crore from Bharti Airtel and Bharti Enterprises, as per regulatory documents. While Bharti Airtel has infused Rs 180.22 crore into Airtel Payments Bank, Bharti Enterprises has injected Rs 44.77 crore. The investments, which add up to Rs 225 crore, have been made in the form of preference shares, documents sourced by business intelligence platform Tofler showed.
IDFC First Bank reported a net loss of Rs 1,639 crore for Q3FY20, compared to a loss of Rs 2,504 crore for the same period last year. Total income for the quarter was up 50 percent to Rs 2,113 crore as compared with same period of previous fiscal.
IDFC First Bank reported a net loss of Rs 1,639 crore for Q3FY20, compared to a loss of Rs 2,504 crore for the same period last year. Total income for the quarter was up 50 percent to Rs 2,113 crore as compared with same period of previous fiscal.
Coffee Day Enterprises reported unaudited management compiled consolidated net loss of Rs 190.02 crore for the second quarter ended September 2019, compared to a consolidated net profit of Rs 23.83 crore in the year-ago period. Consolidated revenue from operations during Q2FY20 stood at Rs 843.16 crore as compared to Rs 979.73 crore last year. The filing of audited results will be delayed due to an investigation into the circumstances of former chairman, late V G Siddhartha’s suicide, the company said.
Coffee Day Enterprises reported unaudited management compiled consolidated net loss of Rs 190.02 crore for the second quarter ended September 2019, compared to a consolidated net profit of Rs 23.83 crore in the year-ago period. Consolidated revenue from operations during Q2FY20 stood at Rs 843.16 crore as compared to Rs 979.73 crore last year. The filing of audited results will be delayed due to an investigation into the circumstances of former chairman, late V G Siddhartha’s suicide, the company said.
The insurance regulator has imposed a penalty of Rs 1 crore each on ICICI Lombard GIC and Tata AIG General Insurance Company for violation of various norms. The regulator slapped the penalty on ICICI Lombard for violation of certain provisions related to health insurance policies. Irdai has also issued certain directions and advisory to the company.
The insurance regulator has imposed a penalty of Rs 1 crore each on ICICI Lombard GIC and Tata AIG General Insurance Company for violation of various norms. The regulator slapped the penalty on ICICI Lombard for violation of certain provisions related to health insurance policies. Irdai has also issued certain directions and advisory to the company.
Orient Cement reported a net loss to Rs 5.67 crore in Q3FY20, compared to Rs 13.70 crore in the same quarter of last year. Total income stood at Rs 567.14 crore, down 1.32 percent from Rs 574.76 crore a year ago. Orient Cement's total expenses dropped 3.32 percent to Rs 575.24 crore in Q3FY20, compared to Rs 595 crore in the year-ago period. The company informed that its board approved the resignation of Sushil Gupta from the position of CFO with effect from January 29 due to his personal reasons.
Orient Cement reported a net loss to Rs 5.67 crore in Q3FY20, compared to Rs 13.70 crore in the same quarter of last year. Total income stood at Rs 567.14 crore, down 1.32 percent from Rs 574.76 crore a year ago. Orient Cement's total expenses dropped 3.32 percent to Rs 575.24 crore in Q3FY20, compared to Rs 595 crore in the year-ago period. The company informed that its board approved the resignation of Sushil Gupta from the position of CFO with effect from January 29 due to his personal reasons.
Ramco Cements reported a 3.03 percent fall in consolidated net profit at Rs 94.60 crore for Q3FY20. Total income rose 5.99 percent to Rs 1,290 crore. The company's total expenses rose 8.45 percent to Rs 1,179.11 crore as against Rs 1,087.14 a year ago. During the quarter, sales volume increased 3.53 percent to 28.44 lakh tonnes.
Ramco Cements reported a 3.03 percent fall in consolidated net profit at Rs 94.60 crore for Q3FY20. Total income rose 5.99 percent to Rs 1,290 crore. The company's total expenses rose 8.45 percent to Rs 1,179.11 crore as against Rs 1,087.14 a year ago. During the quarter, sales volume increased 3.53 percent to 28.44 lakh tonnes.
Crompton Greaves Consumer Electricals reported a two-fold jump in consolidated net profit to Rs 160.97 crore for Q3FY20 from Rs 79.67 crore a year ago. Total income stood at Rs 1,088.83 crore, up 4.42 percent from Rs 1,042.69 crore last year. Total expenses were at Rs 949.75 crore, up 2.95 percent from Rs 922.53 crore. Revenue from the electrical consumer durables segment rose 10.59 percent to Rs 786.95 crore. Revenue from lighting products slipped 10.79 percent to Rs 284.34 crore.
Crompton Greaves Consumer Electricals reported a two-fold jump in consolidated net profit to Rs 160.97 crore for Q3FY20 from Rs 79.67 crore a year ago. Total income stood at Rs 1,088.83 crore, up 4.42 percent from Rs 1,042.69 crore last year. Total expenses were at Rs 949.75 crore, up 2.95 percent from Rs 922.53 crore. Revenue from the electrical consumer durables segment rose 10.59 percent to Rs 786.95 crore. Revenue from lighting products slipped 10.79 percent to Rs 284.34 crore.
Vedanta said a committee of its directors has approved raising up to Rs 2,500 crore through non-convertible debentures (NCDs).
Vedanta said a committee of its directors has approved raising up to Rs 2,500 crore through non-convertible debentures (NCDs).
MOIL has received Environmental Clearance for enhancement of production capacity from 90,000 TPA to 2,03,200 TPA. The production will increase gradually.
MOIL has received Environmental Clearance for enhancement of production capacity from 90,000 TPA to 2,03,200 TPA. The production will increase gradually.
Ashoka Buildcon said its subsidiary has executed a concession agreement with the National Highway Authority of India for a project worth Rs 1,382 crore.
Ashoka Buildcon said its subsidiary has executed a concession agreement with the National Highway Authority of India for a project worth Rs 1,382 crore.
JSW Steel said that its arm, JSW Steel (Netherlands) B V, has completed the sale of 39 percent stake held in Geo Steel LLC to its joint venture partner Georgian Steel Group Holdings Ltd.
JSW Steel said that its arm, JSW Steel (Netherlands) B V, has completed the sale of 39 percent stake held in Geo Steel LLC to its joint venture partner Georgian Steel Group Holdings Ltd.
Tata Power posted an 11.76 percent rise in its consolidated net profit to Rs 245.64 crore for Q3FY20 mainly due to lower expenses. Total income, however, declined to Rs 7,136.04 crore from Rs 7,997.42 crore in the year-ago period. The increase in profit is mainly due to
Tata Power posted an 11.76 percent rise in its consolidated net profit to Rs 245.64 crore for Q3FY20 mainly due to lower expenses. Total income, however, declined to Rs 7,136.04 crore from Rs 7,997.42 crore in the year-ago period. The increase in profit is mainly due to "lower fuel under recovery in Mundra and better operational performance by all businesses", the company said.
Farm equipment and engineering products maker Escorts Ltd on Wednesday reported a 9.27 percent increase in its net profit to Rs 153.1 crore for Q3FY20. Revenue from operations, however, declined to Rs 1,633.4 crore as against Rs 1,655.1 crore in the last fiscal.
Farm equipment and engineering products maker Escorts Ltd on Wednesday reported a 9.27 percent increase in its net profit to Rs 153.1 crore for Q3FY20. Revenue from operations, however, declined to Rs 1,633.4 crore as against Rs 1,655.1 crore in the last fiscal.
Food services firm Jubilant FoodWorks, which operates Domino's Pizza and Dunkin' Donuts chains in India, reported a 7.4 percent increase in consolidated net profit at Rs 103.7 crore in Q3FY20. Consolidated revenue from operations stood at Rs 1,059.6 crore as compared to Rs 929.05 crore in the last fiscal, a growth of 14 percent.
Food services firm Jubilant FoodWorks, which operates Domino's Pizza and Dunkin' Donuts chains in India, reported a 7.4 percent increase in consolidated net profit at Rs 103.7 crore in Q3FY20. Consolidated revenue from operations stood at Rs 1,059.6 crore as compared to Rs 929.05 crore in the last fiscal, a growth of 14 percent.
Q3 Results: Bajaj Auto, Tata Motors, Indian Oil corporation, Bharti Infratel, Colgate, Bharat Electronics, Dabur, Equitas holding, LIC Housing, Marico, Amber Enterprises, Bajaj Holdings, Blue Star, Carborundum Universal, Eclerx Services, Force Motors, Gujarat State Fertilizers & Chemicals, Heritage Foods, Jagran Prakashan, Jk Tyre , Laurus Labs, MCX, Moil, Nocil Ltd, Parag Milk Foods, Persistent Systems, Shriram City Union Finance, Strides Pharma, Ttk Prestige, Astec Lifesciences, Bharat Bijlee, Jubilant industries, PPAP Auto, Thomas cook, Vimta labs
Q3 Results: Bajaj Auto, Tata Motors, Indian Oil corporation, Bharti Infratel, Colgate, Bharat Electronics, Dabur, Equitas holding, LIC Housing, Marico, Amber Enterprises, Bajaj Holdings, Blue Star, Carborundum Universal, Eclerx Services, Force Motors, Gujarat State Fertilizers & Chemicals, Heritage Foods, Jagran Prakashan, Jk Tyre , Laurus Labs, MCX, Moil, Nocil Ltd, Parag Milk Foods, Persistent Systems, Shriram City Union Finance, Strides Pharma, Ttk Prestige, Astec Lifesciences, Bharat Bijlee, Jubilant industries, PPAP Auto, Thomas cook, Vimta labs
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