Published on 9/01/2020 8:24:50 AM | Source: Livemint

Stocks to Watch: Kotak Mahindra Bank, Bharti Airtel, SBI, Infosys, JSW Energy

Posted in Stock Market| #Stock Market #Stock On The Move

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Here is a list of top 10 stocks that may be in focus on Thursday:

Kotak Mahindra Bank: The Bombay High Court today will resume, after five months, hearing in the bank’s case against the Reserve Bank of India (RBI). The private lender had dragged the banking regulator to the court in December 2018, challenging an RBI rule that requires promoter Uday Kotak to reduce his shareholding below 20%.

Bharti Airtel: The telecom operator on Wednesday launched a qualified institutional placement worth $2 billion at an indicative issue floor price of ₹435 per share and a separate fund raising exercise through issue of foreign currency convertible bonds of up to $1 billion. The company, mandated by a Supreme Court verdict to pay dues worth ₹35,586 crore to the department of telecommunications by 24 January, will use chunk of the proceeds to meet the liability.

SBI: Home loan borrowers from the bank will now be able to avail of a full refund of the principal amount if a builder fails to handover an occupancy certificate within a stipulated time. The state-owned bank on Wednesday unveiled a product in which borrowers who buy apartments in projects, where SBI is the sole lender, will get this guarantee.

Infosys: Asia’s second largest IT services company will announce its earnings for the third quarter ending December on Friday. Shares of the company fell for the third straight day on Wednesday ahead of the company’s quarterly results. On the BSE, the stock ended down 1.3% at ₹718.15.

Coffee Day Enterprises: The company, after market hours on Wednesday, said it has appointed Albert Hieronimus to the board of directors, effective 17 January. He is currently an independent director and his tenure is scheduled to end on 16 January.

JSW Energy: The company on Wednesday said credit rating agency CARE has assigned AA- rating with negative implications on credit watch for non-convertible debentures (NCDs) worth ₹300 crore. The Sajjan-Jindal led company said CARE has reaffirmed AA- with negative implications on credit watch for outstanding NCDs.

Strides Pharma: The pharmaceutical company, after market hours on Wednesday, announced the appointment of R. Ananthanarayanan as chief executive officer and managing director. Ananthanarayanan, who was the global chief operating officer of Cipla Ltd, will take over from founder chief executive Arun Kumar, who will become the chairman of the company from April.

Yes Bank: The board of the private lender will meet on Friday to consider fund raising. Separately, the bank has been banned from trading in National Stock Exchange’s F&O segment, after its security crossed 95% of the market wide position limit.

IndiGo: A Pratt & Whitney-powered Airbus A320neo aircraft operated by IndiGo was grounded temporarily in Kaula Lumpur on Wednesday due to technical snags, the InterGlobe Aviation-owned airline said in a statement. IndiGo flight 6E-1822, which was flying from New Delhi to Kaula Lumpur, had to undergo maintenance work after a fault was observed in its hydraulic systems.

RComm: The bankrupt company, after market hours on Wednesday, said the committee of creditors meeting, which was scheduled to be held on Wednesday, has been postponed and will take place today. The company is undergoing insolvency proceedings at the Mumbai bench of National Company Law Tribunal.