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Top stocks to watch out for on May 6: Yes Bank, Infibeam, ICICI Bank

Updated : May 06, 2019 08:52 AM IST

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are set for a negative start on Monday following weak cues from global markets. Investors also turned cautious ahead of Lok Sabha election results and amid ongoing March-quarter earnings season. In global markets, Asian shares fell, oil prices slumped and the safe-haven yen strengthened as trade negotiations between China and the US deteriorated suddenly, reversing apparent progress made in recent months. On Friday, Indian benchmark indices ended flat as investors remained cautious amid March-quarter earnings season. The indices posted marginal gains for the week. At 07:55 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.46 percent at 11,706, indicating a weak start for the Sensex and Nifty.

YES Bank: The Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on it for violating money transfer norms. Icra has downgraded the bank’s long term rating to AA- from AA. (Image: Reuters)
YES Bank: The Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on it for violating money transfer norms. Icra has downgraded the bank’s long term rating to AA- from AA. (Image: Reuters)
Infibeam: The ecommerce firm said it has terminated services of chartered accountancy firm S.R.B.C & Co. LLP as one of the joint statutory auditors of the company on grounds of sharing of unpublished
Infibeam: The ecommerce firm said it has terminated services of chartered accountancy firm S.R.B.C & Co. LLP as one of the joint statutory auditors of the company on grounds of sharing of unpublished "price-sensitive information". (Stock Image)
Jet Airways: The government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd, reported Reuters, citing two senior finance ministry officials, even as thousands of employees plead with the government for a rescue. Parties that had initially expressed interest in Jet have so far failed to make firm bids to bail it out, increasing the odds that it could soon face bankruptcy proceedings. (Image: AP)
Jet Airways: The government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd, reported Reuters, citing two senior finance ministry officials, even as thousands of employees plead with the government for a rescue. Parties that had initially expressed interest in Jet have so far failed to make firm bids to bail it out, increasing the odds that it could soon face bankruptcy proceedings. (Image: AP)
Indiabulls Housing Finance: The board approved the merger between the company and Lakshmi Vilas Bank. Indiabulls shareholders will get 7.143 Lakshmi Vilas Bank shares for every share held in Indiabulls Housing. (Image: Reuters)
Indiabulls Housing Finance: The board approved the merger between the company and Lakshmi Vilas Bank. Indiabulls shareholders will get 7.143 Lakshmi Vilas Bank shares for every share held in Indiabulls Housing. (Image: Reuters)
Cadila Healthcare: The USFDA has issued 14 observations after completing an inspection at the company’s formulations manufacturing facility located at Moraiya, Ahmedabad.
Cadila Healthcare: The USFDA has issued 14 observations after completing an inspection at the company’s formulations manufacturing facility located at Moraiya, Ahmedabad.
Tata Steel: ThyssenKrupp said on Sunday it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a Financial Times report that Brussels was likely to block the deal, reported Reuters. (Image: Reuters)
Tata Steel: ThyssenKrupp said on Sunday it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a Financial Times report that Brussels was likely to block the deal, reported Reuters. (Image: Reuters)
Vodafone Idea: Promoters contributed Rs 17,920 crore to its Rs 25,000 crore rights issue compared to their commitment of Rs 18,250 crore following oversubscription of the scheme. With this contribution, the promoters' stake in the country's largest telecom operator increased marginally to 71.57 percent from 71.33 percent. (Image: Reuters)
Vodafone Idea: Promoters contributed Rs 17,920 crore to its Rs 25,000 crore rights issue compared to their commitment of Rs 18,250 crore following oversubscription of the scheme. With this contribution, the promoters' stake in the country's largest telecom operator increased marginally to 71.57 percent from 71.33 percent. (Image: Reuters)
Canara Bank: Icra has downgraded some of its debt instruments taking into account the lender's earning profile, asset quality and capital requirements. Ratings on its additional Tier-I bonds worth Rs 1,500 crore has been downgraded to 'AA-', with a stable outlook, from 'AA' with a negative outlook. (Image: Reuters)
Canara Bank: Icra has downgraded some of its debt instruments taking into account the lender's earning profile, asset quality and capital requirements. Ratings on its additional Tier-I bonds worth Rs 1,500 crore has been downgraded to 'AA-', with a stable outlook, from 'AA' with a negative outlook. (Image: Reuters)
L&T Technology Services: Consolidated net profit rose about 21 percent to Rs 191.5 crore for the fourth quarter of 2018-19, helped by broad-based growth across industry segments. The company's revenue from operations stood at Rs 1,343.1 crore, up 27 percent year-on-year and 2 percent on a sequential basis. (Image: Reuters)
L&T Technology Services: Consolidated net profit rose about 21 percent to Rs 191.5 crore for the fourth quarter of 2018-19, helped by broad-based growth across industry segments. The company's revenue from operations stood at Rs 1,343.1 crore, up 27 percent year-on-year and 2 percent on a sequential basis. (Image: Reuters)
Tata Motors: The auto major may phase out small diesel cars from its portfolio as demand is expected to slow down due to upcoming BS-VI emission norms that would make such vehicles expensive, according to a senior company official.
Tata Motors: The auto major may phase out small diesel cars from its portfolio as demand is expected to slow down due to upcoming BS-VI emission norms that would make such vehicles expensive, according to a senior company official.
Q4 Results today: ICICI Bank, Bharti Airtel, Marico, Gujarat Gas, Godrej Agrovet, Mahindra CIE Auto, Wockhardt, Great eastern shipping, Chennai Petro, Firstsource, Navin fluorine, Thirumalai Chemicals, Bharat Bijlee, Expleo Solutions, Hindustan Composites, Fortis Malar Hospitals. (Stock Image)
Q4 Results today: ICICI Bank, Bharti Airtel, Marico, Gujarat Gas, Godrej Agrovet, Mahindra CIE Auto, Wockhardt, Great eastern shipping, Chennai Petro, Firstsource, Navin fluorine, Thirumalai Chemicals, Bharat Bijlee, Expleo Solutions, Hindustan Composites, Fortis Malar Hospitals. (Stock Image)
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