Topics
NTPC Infosys Adani PortsMahindra & MahindraGujarat Gas
Here is a list of top 10 stocks that may be in focus on Wednesday:
NTPC: The state-owned company sought two-to-three-year extension of deadline to install emission-cutting equipment at some plants, according to a Reuters report. The request means that one of India’s biggest power producer is pressuring the Centre to delay emissions targets for a second time, citing costs and technical difficulties.
Infosys: Asia’s second largest IT services company will announce its earnings for the third quarter ending December on Friday. Shares of the company were under pressure on Tuesday ahead of its earnings. The stock ended down nearly 1.5% at ₹727.75 on the BSE on Tuesday. Investors may continue to watch this space in today’s trade.
Gujarat Gas: Credit rating agency Crisil reaffirmed long-term rating for the company’s bank loan facilities worth ₹2,350 crore at AA+ with a stable outlook. Crisil’s rating for term loan from HDFC Bank Ltd and State Bank of India was at AA+ with a stable outlook for the gas company.
Adani Ports: Acquisition of Krishnapatnam Port Company Ltd (KPCL) by Adani Ports and Special Economic Zone Ltd (APSEZ) will increase the latter’s market share and diversity, Moody’s Investors Service said on Tuesday. APSEZ will acquire 75% stake in debt-laden KPCL located in Andhra Pradesh for ₹5,625 crore in an all-cash deal.
NBCC: The state-owned building construction company, after market hours on Tuesday, said it secured business worth of ₹1,090.53 crore during December 2019.
Realty Firms: Home sales improved marginally in 2019, while office leasing hit a record high during the year despite the overall slowdown in the economy and weak consumer sentiment, according to a report by property consultancy firm Knight Frank India. The residential segment saw a growth of 1% to 245,861 units in 2019.
Mahindra & Mahindra: The auto company, after market hours on Wednesday, said credit rating agency CARE reaffirmed long-term rating on bank loan facilities at AAA with a stable outlook. The short-term rating was reaffirmed at A1+ by the agency.
RBL Bank: Six employee unions will go on a nationwide bank strike today due to various demands and issues. In a regulatory filing after market hours on Tuesday, the private lender said the strike, that will take place at an industry level due to the demands made, may affect the operations of some branches of the bank. Separately, state-owned Corporation Bank also said its operations may get affected due to the strike.
Thomas Cook India: The travel and leisure company said it has entered into a long-term agreement with Experience Hub, the trade and promotion arm of Yas Island Abu Dhabi. The pact will boost tourism at the destination and will further engage the India market for the destination in 2020.
Muthoot Finance: The company, in a regulatory filing on Tuesday, said Managing Director George Alexander Muthoot was mercilessly attacked by criminals at the instance of Centre of Trade Unions (CITU), while he was on his way to the headquarters of the company in Kochi on Tuesday.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
