homemarket Newsstocks NewsTop stocks to watch out for on August 24: RIL, Britannia, TVS, IndiGo shares in focus today
market | Aug 24, 2018 8:15 AM IST

Top stocks to watch out for on August 24: RIL, Britannia, TVS, IndiGo shares in focus today


These are the stocks making the biggest moves premarket

The BSE Sensex closed higher by 51.01 points, at 38,336.76 on Thursday, while the Nifty 50 rose 11.85 points to close at 11,582.75. In intraday trade, the Sensex surged 201.88 points to a new record high of 38,487.63 and the Nifty 50 rose 49.8 points to an all-time high of 11,620.70. Pharma, IT and capital goods shares traded higher on Thursday, while bank, metal and auto shares were under pressure.

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These are the stocks making the biggest moves premarket:
TVS Motor: The company launched the TVS Radeon and priced it at a competitive Rs 48,400 (ex-showroom, Delhi), given its commuter segment a whole new lease of life.
HDFC Standard Life Insurance: Amitabh Chaudhry, MD and CEO of the company sold 2,56,471 shares via market sale from August 20-21, 2018.
Reliance Industries: RIL became the first listed company to see its market capitalisation cross Rs 8 lakh crore.
Britannia Industries: The board of the firm approved share split in 1:2 ratio to make the stock more affordable for the small retail investors and increase liquidity. The Kolkata-based company will split the shares with a face value of Rs 2 into two equity shares of Re 1 each.
Music Broadcast: The board considered resignation of Abraham Thomas from the post of CEO and appointment of Ashit Kukian to take over as CEO.
HAL: Hindustan Aeronautics Ltd, the manufacturer of Tejas fighter aircraft, has given a contract of Rs 100 crore to National Aerospace Laboratory to supply equipment for the Light Combat Aircraft.
Metals, mining stocks: The Centre has asked all states to begin the auction of mining leases expiring in the next two years by July 2019 to avert any shortage of minerals. Additionally, US-China slapping more tariffs on each other could further pressure metal stocks.
PNB: The Punjab National Bank will seek shareholders' approval for issuing up to 10 crore shares to its employees, as the lender looks to raise long term capital resources. The approval of the shareholders would be sought during the annual general meeting scheduled to be held on September 18.
Oil stocks: Markets were steady on Friday as the unresolved trade dispute between Washington and Beijing muted activity. Brent crude oil futures were at $74.50 per barrel at 0105 GMT, up 7 cents from their last close. US West Texas Intermediate (WTI) crude futures were at $67.93 per barrel, up 10 cents.
Jubilant Life Sciences: India Ratings & Research has upgraded the company's long term credit rating to 'AA/Stable' from 'AA-/Stable'; also affirmed short term credit rating of 'A1+'.
IndiGo: The budget carrier has been grappling with Pratt and Whitney engine issue. On Thursday it responded to a query on reports that as many as nine of its Airbus A320 neo aircraft were grounded.
Tamilnadu Petroproducts: CARE Ratings has upgraded the credit rating of company's long term bank facilities worth Rs 60 crore to BBB+/stable from BBB/stable; long/short term bank facilities worth Rs 63 crore to BBB+ stable/A3+ from BBB stable/A3.
Mahanagar Gas: Blackrock Emerging Frontiers Master Fund, L&T Emerging Businesses Fund, and Schroder International Selection Fund Emerging Asia picked stake in Mahanagar Gas Ltd through separate bulk deals on the NSE.
Reliance Power: The company bought back non-convertible debentures worth Rs 2.05 billion at par, of the total Rs 7.50 billion worth of debentures outstanding, it said in an exchange filing. The debentures were issued on Mar 28, with a maturity of six years at a semi-annual coupon rate of 12.18 percent.
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