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Business News/ Markets / Stock Markets/  Stocks to Watch: Yes Bank, Airtel, Vodafone, IndiGo, CG Power, Varun Beverages
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Stocks to Watch: Yes Bank, Airtel, Vodafone, IndiGo, CG Power, Varun Beverages

The draft ‘YES Bank Ltd Reconstruction Scheme, 2020’ will be put up for the approval of the Union Cabinet
  • The government is likely to announce a relief package for telecom companies as early as mid-April
  • Top stocks that may be in focus in Thursday's trade. Photo: PTIPremium
    Top stocks that may be in focus in Thursday's trade. Photo: PTI

    NEW DELHI :

    Here’s a list of stocks that may be in news in Thursday’s trade:

    Yes Bank: The draft ‘YES Bank Ltd Reconstruction Scheme, 2020’ will be put up for the approval of the Union Cabinet, chaired by Prime Minister Narendra Modi, according to a Business Standard report.

    Telecom companies: The government is likely to announce a relief package for telecom companies as early as mid-April, which may, among other things, include an extension to the timeframe to pay the dues on adjusted gross revenue, according to a Mint report.

    Biocon: Biopharmaceutical firm Biocon Ltd and its partner for Mylan have won a litigation in a US court which invalidated a Sanofi patent on device to deliver insulin glargine, removing a key legal hurdle for commercialization of their product Semglee in the world’s largest pharmaceutical market.

    NHPC: State-run hydro power giant NHPC on Wednesday said it has raised 500 crore through issuance of bonds on private placement basis. "NHPC Ltd has raised 500 crore on 11.03.2020 through private placement of secured, redeemable, taxable, non-cumulative, non-convertible 6.89 per cent NHPC AA-1 Series Bonds," it said in a BSE filing.

    InterGlobe Aviation: The company, which operates country's largest domestic airline, on Wednesday said that the it has seen a 15-20% decline in bookings during the last few weeks, due to the coronavirus. IndiGo also added that it expects its quarterly earnings to be materially impacted due to COVID-19 outbreak.

    CG Power: Market regulator Sebi has refused to lift the capital market ban imposed on fraud-hit CG Power and Industrial Solutions' ex-chairman Gautam Thapar and three other former officials in a case related to diversion of funds. However, they have been allowed to liquidate up to 25% of the value of the securities held by them.

    Hero MotoCorp: The Competition Commission of India has approved the acquisition of additional equity shares in the company’s arm Hero Fincorp by Otter Limited and Link Investment Trust.

    IT companies: A US court has struck down key Trump administration memos and decisions behind soaring denial of H-1B visas, sending a wave of relief through IT services companies that use foreign workers, a large number of whom are from India, according to a report published in Hindustan Times.

    Mahindra and Mahindra: The company has signed a share purchase agreement of additional 34,249 equity shares of MITRA Agro Equipments Pvt Ltd., an associate of the company, from its existing shareholders. Mahindra currently holds 26% of the equity share capital in MITRA, and post completion of the transaction, it will hold approximately 39% of the equity share capital of MITRA.

    Varun Beverages: Shares of Varun Beverages may be in focus in today’s trade after PepsiCo announced buying energy-drink maker Rockstar for $3.85 billion to expand its beverage range. Varun Beverages is a franchisee of Pepsico India.

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    Published: 12 Mar 2020, 07:26 AM IST
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