Stocks to Watch: HDFC, SBI, Adani Ports, Tata Motors, Bank of Baroda2 min read . Updated: 06 Jan 2020, 07:58 AM IST
Here is a list of top 10 stocks that may be in focus on Monday
Here is a list of top 10 stocks that may be in focus on Monday:
HDFC: The mortgage lender said it has slashed retail prime lending rates on housing loans by five basis points, effective today. The effective rate for home loans of up to ₹30 lakhs for women will be 8.05%, between ₹30 and ₹76 lakhs will be 8.30% and above ₹75 lakhs will be 8.40%. The effective rate for men will be five basis points lower across all tenors.
SBI: Six employee unions will go on a nationwide bank strike on 8 January, Indian Banks Association has informed State Bank of India. SBI, however, said only a few of its employees are part of these unions, so the impact of the strike on the bank’s operations will be minimal.
Tata Motors: The auto major said sales of its luxury car brand Jaguar and Land Rover (JLR) fell 2% year-on-year to 13,801 units in December. Sales of JLR in the US also declined by 4.4% to 3,311 units last month from 3,462 units in the year-ago period.
Adani Ports: The company, after market hours on Friday, announced the acquisition of 75% stake in Krishnapatnam Port Company Ltd (KPCL) for ₹13,572 crore. KPCL is in the business of handling containers, coal, break bulk and other bulk cargo, including liquid cargo. KPCL’s revenue for fiscal 2018-19 was at ₹2394 crores.
Bank of Baroda: The state-owned bank, after market hours on Friday, said its capital raising committee of whole-time directors will meet on 8 January to consider raising capital through issue of debt instruments. Separately, HDFC Ltd will also raise up to ₹5,000 crore via five-year bonds on Tuesday.
Manpasand Beverages: The company said it has appointed Dhirendra Singh as managing director (MD), effective 3 January. Singh has been appointed MD for five years. The company has also appointed Abhishek Singh as whole-time director with effect from 3 January for five years.
UCO Bank: The state-owned lender said it recovered ₹800-900 crore from four large stressed accounts in the December quarter under the bankruptcy law and is extending credit linkage to 10,000 Self Help Groups. The bank has already completed the process of recovery from four stressed accounts - Essar Steel, Ruchi Soya, RattanIndia Power and Prayagraj Power.
Force Motors: The auto maker on Friday said its total sales grew 48.3% to 2,517 units in December, compared with 1,697 units in the same period last year. Production rose 33.20% to 2,378 units in December from 1,786 units in November. However, the latest production number is still 7.72% lower than 2,578 units produced in December 2018.
Dixon Technologies: The company, after market hours on Friday, said it has entered into an agreement with Samsung India Electronics Pvt Ltd to manufacture LED TVs for the latter. The company will manufacture LED TVs for Samsung at its facility in Tirupati in Andhra Pradesh.
Info Edge: The company on Friday said its board of directors has approved the disinvestment of its total shareholding in Applect Learning Systems Pvt Ltd (Meritnation) to Aakash Educational Services for ₹50 crore. The disinvestment will take place on a fully converted and diluted basis.