Stocks to Watch: SBI, Dr Reddy's, Jubilant Foodworks, Indiabulls Housing1 min read . Updated: 24 Mar 2020, 08:17 AM IST
- SBI has made payment of yearly interest to bondholders of Basel III-compliant AT1 bonds
- Newly-appointed Sumant Kathpalia will take charge as IndusInd Bank's MD&CEO from today
Here is a list of top ten stocks that may be in focus on Tuesday:
Dr Reddy’s: The pharmaceutical major on Monday said its board will meet on 27 March to consider and approve raising of funds through issuance of commercial papers.
SBI: India’s largest public-sector lender on Monday said it has made payment of yearly interest to bondholders of Basel III-compliant additional tier-1, or AT1, bonds.
Indiabulls Housing: The housing finance company on Monday said agency Brickwork Ratings has reaffirmed the firm’s long-term rating at BWR AA+ with a negative outlook, while the rating for perpetual debt was reaffirmed at BWR AA.
IndusInd Bank: Newly-appointed managing director and chief executive officer (CEO) Sumant Kathpalia will take charge from today for a period of three years. Kathpalia succeeds Romesh Sobti.
Jubilant Foodworks: The company on Monday said it will suspend dine-in facility across all Domino’s Pizza restaurants effective midnight to prevent the spread of coronavirus. The company will promote takeaway and delivery channels but it said the suspension would adversely impact its revenue.
SBI Cards: The credit card subsidiary of State Bank of India on Monday said it has asked its employees to work from home till 31 March to contain the spread of coronavirus. The company added that it could not assess the financial impact of the situation at this stage.
Mahindra CIE: The company on Monday said it will shut down operations at all its manufacturing units in India, except in Karnataka, with immediate effect till government restrictions are lifted. The manufacturing units in Karnataka will suspend operations starting 25 March till 31 March.
Godrej Industries: The company on Monday said the lockdown ordered by the central government and various states to prevent the spread of COVID-19 has disrupted operations at most of its locations. The company has asked all employees to work from home.
Omax Autos: The medium and heavy commercial vehicle (M&HCV) parts supplier on Monday said it has suspended operations at its manufacturing facilities in Lucknow, Binola, Bawal and Bangalore with immediate effect till 31 March in the wake of the coronavirus outbreak.
Ambuja Cement: The cement maker on Monday said it has halted operations at various locations as a preventive measure against the spread of coronavirus and as per the central government’s and states’ directives. The company did not specify the names of these locations.