Check out the companies which will be in focus during trade today based on recent and latest news developments.
The open offer of L&T to buy Mindtree shares has been postponed as the engineering major is yet to get a nod from the Securities and Exchange Board of India (SEBI), as per media reports.
Despite making new additions to its product line-up, Royal Enfield closed FY19 with almost no growth in domestic volumes. Its motorcycle-making peers, however, pushed the segment to close with a growth of 8%, as per media reports.
CRISIL has downgraded the rating on the commercial paper of Dewan Housing Finance Corporation Limited (DHFL) from “A3+” to “A4+” on concerns over the reduction in liquidity. The rating continues to be on ‘Rating Watch with Negative Implications’.
Hero MotoCorp has more than doubled its capex for the current fiscal to Rs1,500cr, mainly to upgrade its portfolio to conform to BS-VI emission norms and for its upcoming plant in Andhra Pradesh, a senior company official said.
Etihad Airways has put in stiff conditions, which include a substantial write-down of the Rs9,000cr loans, as a prerequisite to run Jet Airways. The Abu Dhabi-based airline has also put the onus of finding a majority investment partner on the Jet lenders, as per media reports.
The board of ITCappointed Managing Director Sanjiv Puri its chairman, taking the company’s succession plan to its logical conclusion.
Results today: HOEC, Indian Bank, Nestle India, Pidilite Industries, PTC India, Siemens, UCO Bank, Union Bank of India, Welspun Corp.
