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CNBC-TV18's top stocks to watch out for on December 30

CNBC-TV18's top stocks to watch out for on December 30

CNBC-TV18's top stocks to watch out for on December 30
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By CNBC-TV18 Dec 30, 2019 7:22:17 AM IST (Published)

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Indian shares are likely to open lower on Monday following weakness Asian peers. At 7 AM, the SGX Nifty was trading 20 points or 0.16 percent lower at 12,321, indicating a negative start for the Sensex and Nifty50. Among the stocks in the news today, Adani Group agreed to acquire a majority stake in Snowman Logistics and Bharti Airtel hiked its mandatory minimum recharge for pre-paid customers. Here are the top stocks to watch out for in today’s trade:

Adani Logistics
1 / 10

Adani Ports and SEZ Ltd: Adani Logistics Ltd, a wholly-owned subsidiary of the company has signed definitive agreements to acquire 40.25 percent stake in Snowman Logistics Ltd from Gateway Distriparks Ltd. for Rs 296 crore.

2 / 10

Dewan Housing Finance Ltd: The Reserve Bank of India-appointed administrator of DHFL, has called for the first committee of creditors meeting of the company under the Insolvency and Bankruptcy Code (IBC) on Monday, multiple people aware of the development told CNBC-TV18. DHFL’s creditors, including banks, mutual funds, insurance, and pension funds, among others are all expected to be part of the first meeting. Plans to restart business of the mortgage lender, and the claims submitted against the company are among some of the key discussion points. (Image: IANS)

Anil Ambani Reliance AGM
3 / 10

Reliance Capital: The Insurance Regulatory and Development Authority of India (IRDAI) has cancelled pledge enforcement of Reliance General Insurance Company Ltd's (RGICL) shares by Credit Suisse and Nippon India MF. Irdai has directed IDBI Trusteeship Services not to give effect to any encumbrance or transfer or any change in the shareholding of RGICL.

4 / 10

Bharti Airtel: The company hiked its mandatory minimum recharge for pre-paid customers to Rs 45 from Rs 23, effective form Sunday. The announcement pertained to prepaid subscribers of Bharti Airtel and Bharti Hexacom in all service areas, it said.

Zydus Cadila
5 / 10

Cadila Healthcare: The drug maker clarified that it has no plans to sell two of its divisions. Earlier it was reported that Cadila Healthcare is in preliminary talks with several strategic and private equity investors to sell two of its divisions, anti-infectives and gynecology, for about Rs 1,000-1,200 crore to reduce its debt.

Prince_Pipes IPO
6 / 10

Prince Pipes and Fittings: The company will make a debut on the exchanges after having finalised the issue price at Rs 178 per share. The Rs 500-crore IPO did not receive strong subscription, as it was subscribed only 2.21 times from December 18 to December 20. The reserved portion of retail investors was subscribed at 1.89 times, and that of QIBs at 3.54 times and non-institutional investors at 1.21 times.

7 / 10

Piramal Enterprises Ltd: Company’s board approved the issue of secured, rated, unlisted, redeemable non-convertible debentures (NCDs) aggregating up to Rs 2,750 crore on a private placement basis.

8 / 10

Oricon Enterprises: The company has prepaid the term loan of Rs 300 crore to Indiabulls Housing Finance by making prepayment of balance amount of Rs 128.57 crore.

RITES, RITES Share Price, Sensex, Nifty, Market News
9 / 10

RITES Ltd: The board of directors has declared an interim dividend of Rs 6 per share of Rs 10 each.

10 / 10

Precision Wires India: CARE Ratings reaffirmed company’s long-term bank facilities to 'CARE A' with a stable outlook.

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