Stocks to Watch: HUL, Bharti Airtel, NTPC, HDFC Bank, JSW Steel2 min read . Updated: 25 Feb 2020, 08:26 AM IST
- Managing director Aditya Puri has sold 12.52 lakh equity shares of HDFC Bank from 11-12 February
- JSW Steel said it has been declared as the preferred bidder for Jajang iron ore block in Odisha
Here is a list of top 10 stocks that may be in focus on Tuesday:
HUL: The company on Monday announced plans to set up a new 100% subsidiary in India that will engage in manufacturing activities and leverage growth opportunities in the country, according to a regulatory filing. The new manufacturing entity will help the company avail benefits of a recent tax provision that puts a lowered tax burden on entities engaged in manufacturing.
Bharti Airtel: The department of telecommunications (DoT) has asked all operators to speed up their self-assessment of adjusted gross revenue (AGR) related dues and submit documents supporting their calculation even after Bharti Airtel Ltd, Tata Teleservices and Vodafone Idea Ltd made partial payment last week, according to a Mint report.
HDFC Bank: Managing director Aditya Puri has sold 12.52 lakh equity shares of the bank from 11-12 February, the bank informed the stock exchanges on Monday. Puri intends to sell some more shares held by him through previous stock options already vested in his name.
TVS Motor: India’s third largest two-wheeler manufacturing company on Monday informed the stock exchanges that the outbreak of coronavirus in China has affected the supply of certain components, especially from tier two vendor companies, and will lead to a 10% fall in production of BS-VI compliant vehicles in February. The company transitioned to the Bharat Stage 6 emission norms last month.
NTPC: Competition Commission of India (CCI) on Monday approved the acquisition of the government’s entire stake in THDC India Ltd and North Eastern Electric Power Corporation Ltd (NEEPCO) by state-owned NTPC Ltd. As part of the deal, NTPC will acquire 100% of the issued and paid-up share capital of NEEPO and 74.5% stake in THDC India.
JSW Steel: The steel major on Monday said it has been declared as the preferred bidder for Jajang iron ore block in Keonjhar district in Odisha. The Sajjan Jindal-led company has bagged the iron ore mine in the auction of blocks conducted in Odisha. The block holds estimated reserves of 39.40 million tonne.
RBL Bank: The private lender on Monday said Reserve Bank of India has approved extending the term of Rajeev Ahuja as executive director of the bank for three years, with effect from 21 February.
Bharat Forge: The company on Monday said its board has approved payment of second interim dividend of ₹2 per equity share of ₹2 each for the financial year ending March. The dividend will be distributed to all equity shareholders on 4 March 04 2020.
Tech Mahindra: The IT company on Monday said its board has approved the acquisition of 100% stake in Zen3 Infosolutions (America) Inc through its wholly-owned subsidiary Tech Mahindra (Americas), Inc. Separately, the company also declared an interim dividend of ₹10 per equity share for the fiscal 2020.
DHFL: The Enforcement Directorate’s (ED) preliminary enquiry has pointed at misappropriation of funds to the tune of ₹25,000 crore by the promoters of Dewan Housing Finance Corporation Ltd (DHFL) in the alleged financial fraud, according to a Business Standard report.