The Indian market is expected to open lower on Monday tracking global markets that are trading in the red as investors continue to worry about the hit on global growth due to the fast-spreading coronavirus that originated in China. Additionally, other factors such as the report of the DoT planning to initiate actions against telecom companies could also weigh on the market. Here are the top stocks to watch out for:
Dr Reddy’s: The USFDA has asked the company to initiate voluntary action at its Duvvada facility in Andhra Pradesh.
Indiabulls Housing Finance: CARE has revised the ratings assigned to long-term debt instruments and bank facilities to AA from AA+ with ‘stable’ outlook.
Vodafone India, Bharti Airtel: The DoT will initiate action against telecom firms for non-compliance with the Supreme Court and its own order to submit adjusted gross revenue (AGR) dues, people aware of the development told CNBC-Awaaz.
Hudco: The company has achieved the level of loan sanctions of Rs 7,507.19 crore and loan releases of Rs 7,730.53 crore, as on January 31, 2020.
Dilip Buildcon: The company has received a letter of acceptance from the Airport Authority of India for an EPC project in Gujarat. The project cost is Rs 570 crore and it is to be completed in 30 months.
Hero MotoCorp: The company has commenced the dispatches of three more BS-VI products — Splendor+ in the motorcycle segment and Destini 125 and Maestro Edge 125 in the premium scooter segment.
CARE Ratings: The company, in its meeting considered the report of the forensic audit and has decided to terminate the employment of MD and CEO Rajesh Mokashi.
Aarti Industries: India Ratings has upgraded the company’s long-term issuer rating to ‘Ind AA’ from Ind AA-‘. The outlook is stable.
Sadbhav Infra: The company has completed the sale of entire equity share capital held by the company in operational road projects to IndInfravit Trust.
Cadila: Zydus Cadila has launched a fast-tracked programme to develop a vaccine for coronavirus.