Stocks to watch: Nuvoco Vistas, BPCL, Yes Bank, Dish TV, VST Tillers, Infy




Nifty futures on SGX were up 2 points at 17,421 around 8.40 am, indicating a flat start for the benchmark indices on Tuesday.

Here are the top stocks that are likely to be in focus today.


Adani Transmission: Its board approved the appointment of Rohit Soni as the chief financial officer (CFO) of the company. The appointment is with effect from September 6, 2021, Adani Transmission said in a regulatory filing.





Infosys: The company has almost completed its buyback programme its buyback committee will meet on September 8 to consider closure of the buyback programme. Infosys board has approved an up to Rs 9,200 crore buyback plan, which commenced from June 25. The IT major had proposed to buy back shares at a maximum price of Rs 1,750 apiece.


YES Bank, Dish TV: The private bank, which holds 25.63 per cent stake in Dish TV, has sought removal of five directors from the present board on the basis that the latter’s board approved a rights issue despite objections raised by the bank.


Edelweiss Financial Services: The company has raised Rs 400 crore through issuance of non-convertible debentures (NCDs). The company said the issue has seen significant demin the retail segment with a total collection of Rs 279.106 crore.


Lux Industries: J G Hosiery, which owns the Macho innerwear brand, on Monday said it has filed a complaint with advertising watchdog ASCI for allegedly copying its television advertisement by Lux Industries, which rejected the allegations. It has been alleged that J G Hosiery’s Amul Macho TOING Ad has been copied by Lux Industries for its LUX Cozi television commercial.


NMDC: Mining major NMDC on Monday said it has slashed prices of lump ore fines by Rs 1,000 per tonne. In a filing to BSE, the company said price of lump ore has been fixed at Rs 6,150 per tonne that of fines at Rs 5,160 a tonne.


BPCL: Fitch Ratings on Monday said uncertainty over the bidder consortiums process complexity, including valuation, may lead to potential delays in privatisation of India’s second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL). Affirming BPCL’s rating at ‘BBB-‘ with a negative outlook, Fitch said it continues to treat the potential divestment of the company by the Indian government as an event risk.


Vodafone Idea: The telecom firm’s financial stress underlined by mounting losses rising debt is likely to impact its financial lenders have a bearing on employees subscribers, ICRA said on Monday highlighting that government support is “critical” at this point.


Nuvoco Vistas Corporation: The company reported higher consolidated profit at Rs 114.28 crore in Q1FY22 against Rs 37.52 crore in Q1FY21, revenue fell to Rs 2,202.97 crore from Rs 2,631.61 crore YoY.


VST Tillers Tractors: The company has entered into an agreement with ETG (Export Trading Group), for distribution of its tractors, power tillers, power reapers diesel engines in the Southern African markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, Zambia.


Jubilant FoodWorks: Promoter entity Jubilant Consumer created a pledge on 7.25 lakh equity shares (0.55 percent stake) of the company.


Starteck Finance: Company to sell its entire stake in its subsidiary Starteck Housing Finance to Paripurna and/ or Matrabhav Trust for a consideration of Rs 11.45 crore.


Indiabulls Housing Finance, NALCO: These stocks are in F&O ban for trades on Tuesday as they have crossed the 95 per cent market-wide position limit.


Cochin Shipyard: The company has emerged as the lowest bidder in the 6-vessel tender from the Indian Navy for the next generation missile vessels worth about Rs 10,000 crore the formal contract signing is expected shortly, said Madhu Nair, Chairman & Managing Director.



Source link