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Top stocks to watch out for on May 9: Yes Bank, Titan, Shriram Transport Finance

Updated : May 09, 2019 03:13 PM IST

Indian bourses are likely to open little changed on Thursday as global markets remained under pressure over US-China trade tensions. Asian shares hit six-week lows in early trade after a notice on the Federal Register said the United States will raise tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent effective on Friday. Indian shares fell over 1 percent for the sixth straight session on Wednesday. The Nifty 50 closed 1.2 percent weaker at 11,359.45, marking its lowest close in more than six weeks. The Sensex ended down 1.3 percent at 37,789.13, posting its lowest closing level in nearly eight weeks. At 7.14 AM, the SGX Nifty traded 9.50 points lower at 11,393.50, indicating a mixed start for the Sensex and the Nifty. Here are the top stocks to watch out for in today’s trade:

Yes Bank: India Ratings downgraded Yes Bank's long-term ratings to 'IND AA-' with a negative outlook, PTI reported. India Ratings has downgraded the bank's long-term ratings, while reaffirming short term rating. (Image: Reuters)
Yes Bank: India Ratings downgraded Yes Bank's long-term ratings to 'IND AA-' with a negative outlook, PTI reported. India Ratings has downgraded the bank's long-term ratings, while reaffirming short term rating. (Image: Reuters)
Titan: The Tata Group firm reported a 4.4 percent year-on-year (YoY) jump in standalone net profit at Rs 294.6 crore for the fourth quarter ended March 2019. Revenue during the quarter rose by 19 percent to Rs 350 crore. (stock image)
Titan: The Tata Group firm reported a 4.4 percent year-on-year (YoY) jump in standalone net profit at Rs 294.6 crore for the fourth quarter ended March 2019. Revenue during the quarter rose by 19 percent to Rs 350 crore. (stock image)
Shriram Transport Finance: The company reported a 22.4 percent fall in its net profit at Rs 746.04 crore for the fourth quarter, from Rs 961.76 crore in the same period last year. Total income in March quarter rose to Rs 3,880.43 crore from Rs 3,605.47 crore in the year-ago period. (Image: Company website)
Shriram Transport Finance: The company reported a 22.4 percent fall in its net profit at Rs 746.04 crore for the fourth quarter, from Rs 961.76 crore in the same period last year. Total income in March quarter rose to Rs 3,880.43 crore from Rs 3,605.47 crore in the year-ago period. (Image: Company website)
Tata Communications: Losses widened to Rs 198.8 crore for the fourth quarter ended March 31, from Rs 120.9 crore in the year-ago period. 
Tata Communications: Losses widened to Rs 198.8 crore for the fourth quarter ended March 31, from Rs 120.9 crore in the year-ago period.  "PAT (profit after tax) loss for the quarter was at Rs 198.8 crore due to equity loss pick up in STT, Singapore data centre business to the tune of Rs 173 crore," the company said in a statement. Income from operations, on a consolidated basis, rose 5 percent to Rs 4,243.5 crore for the quarter.
IndiGo: The airline is in the process of seeking approvals to fly to China. The company has plans to start direct flights from Delhi to Chengdu and Guangzhou from Kolkata. The airline had said in February that it is working on starting daily flights to China by the end of the year. (Image: Reuters)
IndiGo: The airline is in the process of seeking approvals to fly to China. The company has plans to start direct flights from Delhi to Chengdu and Guangzhou from Kolkata. The airline had said in February that it is working on starting daily flights to China by the end of the year. (Image: Reuters)
Gillette India: The FMCG major reported a 37 percent rise in its net profit at Rs 48.40 crore for the quarter ended on March 31, compared to a profit of Rs 35.52 crore during the same period last fiscal. Total income from operations rose Rs 468.84 during the quarter against Rs 452.60 crore in the year-ago period. (Stock Image)
Gillette India: The FMCG major reported a 37 percent rise in its net profit at Rs 48.40 crore for the quarter ended on March 31, compared to a profit of Rs 35.52 crore during the same period last fiscal. Total income from operations rose Rs 468.84 during the quarter against Rs 452.60 crore in the year-ago period. (Stock Image)
L&T/Mindtree: Larsen & Toubro bought shares of Mindtree worth about Rs 368 crore through open market transactions. According to bulk deal data available with the NSE, L&T bought over 37.53 lakh shares, or 2.28 percent stake, worth Rs 367.8 crore, with the average price being Rs 979.96 per scrip. (Stock Image)
L&T/Mindtree: Larsen & Toubro bought shares of Mindtree worth about Rs 368 crore through open market transactions. According to bulk deal data available with the NSE, L&T bought over 37.53 lakh shares, or 2.28 percent stake, worth Rs 367.8 crore, with the average price being Rs 979.96 per scrip. (Stock Image)
Hindalco Industries: Novelis posted a 5.5 percent decline in net income at $103 million in the quarter ended on March 31 from $109 million in the year-ago period. Net sales increased 1 percent over the prior year to $3.1 billion for the fourth quarter, driven by higher total shipments, partially offset by lower average aluminum prices. (Image: Company Website)
Hindalco Industries: Novelis posted a 5.5 percent decline in net income at $103 million in the quarter ended on March 31 from $109 million in the year-ago period. Net sales increased 1 percent over the prior year to $3.1 billion for the fourth quarter, driven by higher total shipments, partially offset by lower average aluminum prices. (Image: Company Website)
PNB Housing Finance: The Competition Commission of India said it has approved the acquisition of 6.5 percent stake by General Atlantic Group in PNB Housing Finance in a Rs 925 crore deal. (Stock Image)
PNB Housing Finance: The Competition Commission of India said it has approved the acquisition of 6.5 percent stake by General Atlantic Group in PNB Housing Finance in a Rs 925 crore deal. (Stock Image)
Q4 Results: HCL Tech, Asian Paints  Apollo Tyres, Mahanagar Gas, Oracle Fin services, South Indian Bank, Voltas, Kalpataru Power, PNB Housing Fin, Gujarat State Petronet, HCC, Indian Overseas Bank, Shankara Buildcon, Sundram Fasteners, Vardhman Textiles, Varun Beverages, GMDC, Granules India, Hikal, ICRA, Huhtamaki PPL, Solar industries, Mangalam Drugs, Matrimony.com, MT Educare, Astra Microwave, Datamatics global, Fairchem specialty, Hindustan media ventures, Plastiblends India, Dalmia Bharat. (Image: Reuters)
Q4 Results: HCL Tech, Asian Paints  Apollo Tyres, Mahanagar Gas, Oracle Fin services, South Indian Bank, Voltas, Kalpataru Power, PNB Housing Fin, Gujarat State Petronet, HCC, Indian Overseas Bank, Shankara Buildcon, Sundram Fasteners, Vardhman Textiles, Varun Beverages, GMDC, Granules India, Hikal, ICRA, Huhtamaki PPL, Solar industries, Mangalam Drugs, Matrimony.com, MT Educare, Astra Microwave, Datamatics global, Fairchem specialty, Hindustan media ventures, Plastiblends India, Dalmia Bharat. (Image: Reuters)
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