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Top stocks to watch out for on July 8: DHFL, Maruti Suzuki, Mindtree, PNB

Updated : 2019-07-08 07:37:32

Indian shares are expected to open lower on Monday as post-Budget pressure on equities is likely to continue. Benchmark indices BSE Sensex and NSE’s Nifty 50 fell nearly 1 percent on Friday following various Budget proposals such as buyback tax on companies, higher taxes on super-rich and rise in the limit of minimum public shareholding. Moreover, Asian shares traded lower after positive US jobs data tempered prospects of aggressive US Federal Reserve monetary policy. At 7.05 AM, the SGX Nifty futures were down 38.50 points, or 0.33 percent, at 11,779, pointing to a negative start for the Sensex and the Nifty 50. Here are the top stocks to watch out for:

DHFL: The lenders' consortium comprising of 31 banks has signed the Inter-Creditor Agreement (ICA) for resolution of Dewan Housing Finance Limited's (DHFL) liquidity crisis, multiple sources aware of the development told CNBC-TV18. (Image: Reuters)
DHFL: The lenders' consortium comprising of 31 banks has signed the Inter-Creditor Agreement (ICA) for resolution of Dewan Housing Finance Limited's (DHFL) liquidity crisis, multiple sources aware of the development told CNBC-TV18. (Image: Reuters)
Mindtree: Mindtree CEO Rostow Ravanan, executive chairman Krishnakumar Natarajan and COO NS Parthasarthy resigned from the company on Friday. The move comes after L&T was appointed as a promoter of the company with a shareholding of 60.06 percent in Mindtree. (Image: Reuters)
Mindtree: Mindtree CEO Rostow Ravanan, executive chairman Krishnakumar Natarajan and COO NS Parthasarthy resigned from the company on Friday. The move comes after L&T was appointed as a promoter of the company with a shareholding of 60.06 percent in Mindtree. (Image: Reuters)
Punjab National Bank: The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI), the PNB said in a statement to stock exchanges. (Image: Reuters)
Punjab National Bank: The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI), the PNB said in a statement to stock exchanges. (Image: Reuters)
Maruti Suzuki: Maruti Suzuki India (MSI) has cut vehicle production for the fifth consecutive month in June, according to a regulatory filing. The auto major said it slashed total vehicle production, including Super Carry LCV, by 15.6 percent last month to 1,11,917 units as compared to 1,32,616 units in the year-ago month. (Image: Reuters)
Maruti Suzuki: Maruti Suzuki India (MSI) has cut vehicle production for the fifth consecutive month in June, according to a regulatory filing. The auto major said it slashed total vehicle production, including Super Carry LCV, by 15.6 percent last month to 1,11,917 units as compared to 1,32,616 units in the year-ago month. (Image: Reuters)
JSW Steel: Committee of Creditors of Asian Colour Coated Ispat Limited (ACCIL) has issued a Letter of Intent to the company's subsidiary JSW Steel Coated Products Limited (JSWSCPL). The subsidiary had submitted a resolution plan for ACCIL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code. (Image: Reuters)
JSW Steel: Committee of Creditors of Asian Colour Coated Ispat Limited (ACCIL) has issued a Letter of Intent to the company's subsidiary JSW Steel Coated Products Limited (JSWSCPL). The subsidiary had submitted a resolution plan for ACCIL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code. (Image: Reuters)
Reliance Power: CARE revised long-term and short-term ratings of Sasan Power Limited to BB+ (negative outlook) and A4 respectively attributing inter-alia on account of significant weakening in financial risk profile of the parent Company (Reliance Power Limited) coupled with continual uncertainty over the compensatory tariff implementation towards change in law during construction & foreign exchange variations. The company strongly disagrees with the revised ratings assigned by CARE, it said. (Image: Company)
Reliance Power: CARE revised long-term and short-term ratings of Sasan Power Limited to BB+ (negative outlook) and A4 respectively attributing inter-alia on account of significant weakening in financial risk profile of the parent Company (Reliance Power Limited) coupled with continual uncertainty over the compensatory tariff implementation towards change in law during construction & foreign exchange variations. The company strongly disagrees with the revised ratings assigned by CARE, it said. (Image: Company)
JK Tyre: CARE revised credit rating on the company's long term bank facilities to A from A+ with a negative outlook. (Image: Stock)
JK Tyre: CARE revised credit rating on the company's long term bank facilities to A from A+ with a negative outlook. (Image: Stock)
SAIL: Global expression of interest for proposed strategic disinvestment of alloy steels plant (ASP) at Durgapur, Visvesvaraya iron & steel plant (VISP) at Bhadravatiand Salem steel plant (SSP) at Salem has been invited. (Image: Reuters)
SAIL: Global expression of interest for proposed strategic disinvestment of alloy steels plant (ASP) at Durgapur, Visvesvaraya iron & steel plant (VISP) at Bhadravatiand Salem steel plant (SSP) at Salem has been invited. (Image: Reuters)
IndusInd Bank: Bank's Finance Committee approved the allotment of equity shares of IndusInd Bank to Bharat Financial Inclusion shareholders; allotment of share warrants to promoters of IndusInd Bank, and took on record appointment of Catalyst Trusteeship Ltd. to hold fractional entitlements arising from allotment of IndusInd Bank shares to the Bharat Financial shareholders in Trust. (Image: Company)
IndusInd Bank: Bank's Finance Committee approved the allotment of equity shares of IndusInd Bank to Bharat Financial Inclusion shareholders; allotment of share warrants to promoters of IndusInd Bank, and took on record appointment of Catalyst Trusteeship Ltd. to hold fractional entitlements arising from allotment of IndusInd Bank shares to the Bharat Financial shareholders in Trust. (Image: Company)
Edelweiss Financial Services: CARE reaffirmed the credit rating of A1+ assigned to short term borrowing programmes of the company and revised credit rating of long term borrowing programmes from AA. (Image: Company)
Edelweiss Financial Services: CARE reaffirmed the credit rating of A1+ assigned to short term borrowing programmes of the company and revised credit rating of long term borrowing programmes from AA. (Image: Company)
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