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Top stocks to watch out for on August 9: Yes Bank, IndiGo, Infibeam, Jamna Auto

Updated : 2019-08-09 08:38:07

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are likely to open higher on Friday following gains in Asian and after reports that the government may announce several market-friendly measures, including withdrawal of a hike in income tax surcharge on FPIs. Asian shares advanced supported by gains in US stocks and better-than-expected macro-economic data from China. Indian shares rose over 1.5 percent in the previous session. At 7.20 AM, the SGX Nifty futures traded 0.11 percent up at 11,083, indicating a positive start for the Sensex and the Nifty 50.

Vodafone Idea: Rating agency Care has downgraded Vodafone Idea to Care A with negative outlook on account of weak financial performance. The development comes within two days of another rating agency Crisil downgraded credit value of Vodafone Idea. (Image: Reuters)
Vodafone Idea: Rating agency Care has downgraded Vodafone Idea to Care A with negative outlook on account of weak financial performance. The development comes within two days of another rating agency Crisil downgraded credit value of Vodafone Idea. (Image: Reuters)
Infibeam Avenues: Q1 net profit more than doubled to Rs 28.8 crore from Rs 12.6 crore last year. Its total income from operations, however, declined 27 per cent to Rs 185.5 crore in the quarter under review from Rs 255 crore in the year-ago period, it added. (Image: Company)
Infibeam Avenues: Q1 net profit more than doubled to Rs 28.8 crore from Rs 12.6 crore last year. Its total income from operations, however, declined 27 per cent to Rs 185.5 crore in the quarter under review from Rs 255 crore in the year-ago period, it added. (Image: Company)
Dewan Housing Finance: Cash-strapped DHFL said it may not be able to meet its repayment obligations due in immediate future to the lenders, who are part of the inter-creditor agreement. (Image: Reuters)
Dewan Housing Finance: Cash-strapped DHFL said it may not be able to meet its repayment obligations due in immediate future to the lenders, who are part of the inter-creditor agreement. (Image: Reuters)
Max India: Q1 net loss widened to Rs 95 crore from Rs 25.26 crore in the same period last year. Total income during the June quarter fell to Rs 38 crore from Rs 43.06 crore a year ago. (Image: Company)
Max India: Q1 net loss widened to Rs 95 crore from Rs 25.26 crore in the same period last year. Total income during the June quarter fell to Rs 38 crore from Rs 43.06 crore a year ago. (Image: Company)
Procter & Gamble Health: The FMCG major reported a decline of 8.74 percent in its net profit to Rs 44.08 crore for the second quarter ended June. Total income during the quarter stood at Rs 233.63 crore, up 6.05 percent. (Image: Reuters)
Procter & Gamble Health: The FMCG major reported a decline of 8.74 percent in its net profit to Rs 44.08 crore for the second quarter ended June. Total income during the quarter stood at Rs 233.63 crore, up 6.05 percent. (Image: Reuters)
Hexaware: Q1 net profit declined 1.4 percent to Rs 151.4 crore. Revenue increased by 15.1 percent to Rs 1,308.3 crore in the quarter. In dollar terms, the net profit declined by 4 percent to $21.8 million, while revenue grew 12 percent to $188.5 million. (Image: Company)
Hexaware: Q1 net profit declined 1.4 percent to Rs 151.4 crore. Revenue increased by 15.1 percent to Rs 1,308.3 crore in the quarter. In dollar terms, the net profit declined by 4 percent to $21.8 million, while revenue grew 12 percent to $188.5 million. (Image: Company)
IndiGo: The Ministry of Corporate Affairs will only look at whether allegations of governance lapses are a management dispute or violation of companies law, reported PTI.
IndiGo: The Ministry of Corporate Affairs will only look at whether allegations of governance lapses are a management dispute or violation of companies law, reported PTI.
YES Bank: The qualified institutional placement (QIP) issue opened at a floor price of Rs 87.9 per equity share.
YES Bank: The qualified institutional placement (QIP) issue opened at a floor price of Rs 87.9 per equity share.
Adani Transmission: Q1 profit rose 26 percent to Rs 213 crore, mainly driven by higher revenues. Total income increased to Rs 2,889.74 crore during from Rs 694.98 crore in the same quarter last fiscal. (Image: Reuters)
Adani Transmission: Q1 profit rose 26 percent to Rs 213 crore, mainly driven by higher revenues. Total income increased to Rs 2,889.74 crore during from Rs 694.98 crore in the same quarter last fiscal. (Image: Reuters)
Jamna Auto: The auto components maker said it may suspend production at all its manufacturing facilities this month due to poor demand from customers. The company is a leading manufacturer of tapered leaf and parabolic springs for commercial vehicles (CVs) and caters to companies like General Motors Co, Toyota Motor Corp and Tata Motors. (Image: Company)
Jamna Auto: The auto components maker said it may suspend production at all its manufacturing facilities this month due to poor demand from customers. The company is a leading manufacturer of tapered leaf and parabolic springs for commercial vehicles (CVs) and caters to companies like General Motors Co, Toyota Motor Corp and Tata Motors. (Image: Company)
Nalco, Midhani: State-owned Nalco has entered into a pact with Mishra Dhatu Nigam Ltd (MIDHANI) to incorporate a joint venture to set up a high-end aluminium alloy plant. (stock image)
Nalco, Midhani: State-owned Nalco has entered into a pact with Mishra Dhatu Nigam Ltd (MIDHANI) to incorporate a joint venture to set up a high-end aluminium alloy plant. (stock image)
Tata Chemicals: The Tata group firm posted a 19.47 percent jump in consolidated net profit at Rs 312.59 crore for the first quarter on strong sales. Total income increased to Rs 2,984.79 crore from Rs 2,850.77 crore a year ago. (Image: Company)
Tata Chemicals: The Tata group firm posted a 19.47 percent jump in consolidated net profit at Rs 312.59 crore for the first quarter on strong sales. Total income increased to Rs 2,984.79 crore from Rs 2,850.77 crore a year ago. (Image: Company)
Radico Khaitan: The liquor firm reported a 15.60 percent increase in standalone net profit at Rs 54.76 crore for the first quarter. Total revenue from operations rose 26.55 percent to Rs 2,677.07 crore. (Image: Company)
Radico Khaitan: The liquor firm reported a 15.60 percent increase in standalone net profit at Rs 54.76 crore for the first quarter. Total revenue from operations rose 26.55 percent to Rs 2,677.07 crore. (Image: Company)
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