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CNBC-TV18's top stocks to watch out for on September 20

Updated : 2019-09-20 07:58:30

Benchmark indices BSE Sensex and NSE's Nifty 50 are likely to open higher on Friday after Reserve Bank of India governor Shaktikanta Das said there is room for more rate cuts. Global equities also edged up as economic stimulus around the world eased fears of economic deceleration. Moreover, hopes of a GST rate cut today to boost the ailing economy also support the shares. However, rising oil prices may cap gains in the Indian stock market. At 7:20 am, the SGX Nifty futures traded 0.18 percent, or 19.5 points, up at 10,724, indicating a flat start for the Sensex and the Nifty. Here are the top stocks in the news today:

Yes Bank: Morgan Credits, a promoter group firm of Yes Bank, said it has sold 2.3 percent shareholding in the private sector lender. Yes Bank promoter Rana Kapoor said:
Yes Bank: Morgan Credits, a promoter group firm of Yes Bank, said it has sold 2.3 percent shareholding in the private sector lender. Yes Bank promoter Rana Kapoor said: "With the sole intention of reducing debt of the promoter holding company – MCPL, owned by my three daughters, it was decided to bring down our family ownership in Yes Bank to 7.4 percent". (Image: Reuters)
Tata Motors: The company unveiled a new powertrain for its electric vehicles that will be deployed in a range of its upcoming models, including the one scheduled for launch early next year, which will help it lower cost by scaling up the volume. The new powertrain Ziptron will help it drive the economies of scale on one hand and make new EVs more affordable for consumers on the other, said Tata Motors. (Image: Reuters)
Tata Motors: The company unveiled a new powertrain for its electric vehicles that will be deployed in a range of its upcoming models, including the one scheduled for launch early next year, which will help it lower cost by scaling up the volume. The new powertrain Ziptron will help it drive the economies of scale on one hand and make new EVs more affordable for consumers on the other, said Tata Motors. (Image: Reuters)
NMDC: The state-run miner slashed prices of high grade iron ore or lumps by Rs 200 to Rs 2,700 per tonne. NMDC also cut the prices for iron ore fines, which is inferior grade ore, by Rs 200 to Rs 2,460 per tonne. The revised prices exclude royalty, DMF (District Mineral Fund), NMET (National Mineral Exploration Trust), cess, forest permit fee and other taxes.
NMDC: The state-run miner slashed prices of high grade iron ore or lumps by Rs 200 to Rs 2,700 per tonne. NMDC also cut the prices for iron ore fines, which is inferior grade ore, by Rs 200 to Rs 2,460 per tonne. The revised prices exclude royalty, DMF (District Mineral Fund), NMET (National Mineral Exploration Trust), cess, forest permit fee and other taxes.
Adani Transmission: The Adani Group firm has acquired Bikaner-Khetri transmission project in Rajasthan from PFC Consulting. Adani Transmission won the project linked to renewable power generation through a tariff-based competitive bidding process. The company will build, own, operate and maintain the transmission project for a period of 35 years. The project consists of approximately 480 circuit (ckt) kms of 765kV line along with associated transmission system. (Image: Reuters)
Adani Transmission: The Adani Group firm has acquired Bikaner-Khetri transmission project in Rajasthan from PFC Consulting. Adani Transmission won the project linked to renewable power generation through a tariff-based competitive bidding process. The company will build, own, operate and maintain the transmission project for a period of 35 years. The project consists of approximately 480 circuit (ckt) kms of 765kV line along with associated transmission system. (Image: Reuters)
Morepen Laboratories: The company approved the issue and allotment up to 3.7 crore warrants for an aggregate amount of up to Rs 74 crore, convertible into 3.7 crore equity shares to promoter group entities on a preferential basis.
Morepen Laboratories: The company approved the issue and allotment up to 3.7 crore warrants for an aggregate amount of up to Rs 74 crore, convertible into 3.7 crore equity shares to promoter group entities on a preferential basis.
Godrej Consumer Products: GCPL has increased stake in two Mauritius-based investment holding firms—Godrej West Africa Holdings and Darling Trading Company—by 5 percent, taking it to 95 percent each in both the companies. GCPL has paid $20.89 million cash consideration—$13.80 million to Godrej West Africa Holdings and $7 million for Darling Trading Company.
Godrej Consumer Products: GCPL has increased stake in two Mauritius-based investment holding firms—Godrej West Africa Holdings and Darling Trading Company—by 5 percent, taking it to 95 percent each in both the companies. GCPL has paid $20.89 million cash consideration—$13.80 million to Godrej West Africa Holdings and $7 million for Darling Trading Company.
Oriental Bank of Commerce: OBC has launched new retail and micro and small enterprise (MSE) loan products linked to the Reserve Bank of India's repo rate. The new products will be available to borrowers from October 1 onwards. Interest rates on these products will directly be linked to an external benchmark, which in this case is the repo rate. The bank added that the link will ensure fair and transparent transmission of the monetary policy rate immediately to the customers.
Oriental Bank of Commerce: OBC has launched new retail and micro and small enterprise (MSE) loan products linked to the Reserve Bank of India's repo rate. The new products will be available to borrowers from October 1 onwards. Interest rates on these products will directly be linked to an external benchmark, which in this case is the repo rate. The bank added that the link will ensure fair and transparent transmission of the monetary policy rate immediately to the customers.
Punjab National Bank: PNB will raise up to Rs 3,000 crore by issuing Basel III compliant bonds in one or more tranches. The bank's board of directors will meet on September 26 for approval to the fund raising proposal. It will raise funds through additional tier-I Basel III compliant perpetual bonds amounting up to Rs 3,000 crore in one or more tranches, PNB said. (Image: Reuters)
Punjab National Bank: PNB will raise up to Rs 3,000 crore by issuing Basel III compliant bonds in one or more tranches. The bank's board of directors will meet on September 26 for approval to the fund raising proposal. It will raise funds through additional tier-I Basel III compliant perpetual bonds amounting up to Rs 3,000 crore in one or more tranches, PNB said. (Image: Reuters)
Axis Bank: The bank has set the floor Price for a qualified institutional placement at Rs 661.50 per share, with an option of discount upto 5 percent. The bank’s board of directors will consider and approve the issue price for QIP on September 25.
Axis Bank: The bank has set the floor Price for a qualified institutional placement at Rs 661.50 per share, with an option of discount upto 5 percent. The bank’s board of directors will consider and approve the issue price for QIP on September 25.
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