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Stocks in the news: Bharat Electronics, Monsanto, Bayer Crop, Andhra Bank, Prabhat Dairy, Canara Bank

Bharat Electronics | Info Edge | Emami Paper Mills | Andhra Bank | PVR | Usha Martin | Omax Autos and Indian Bank are stocks which are in news today.

September 16, 2019 / 08:46 AM IST
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Here are the stocks that are in news today:

M&M - no production days' during the second quarter of the Financial Year 2019-2020 ranging from 8 - 14 days in various plants of the company

Canara Bank - Board gives in-principle approval for merger with Syndicate Bank and capital infusion by the government  up to Rs 9,000 crore via equity

Indian Bank: India Ratings & Research has placed the long term issuer rating of the bank on rating watch evolving (RWE), following the recent announcement by Ministry of Finance regarding the proposed amalgamation of Allahabad Bank into Indian Bank.

On the other hand, CARE Ratings has placed the ratings assigned to various debt instruments of the Bank on credit watch with developing implications, the bank said in a regulatory filing.


REC - Transfers entire shareholding in Udupi Kasargode Transmission to Sterlite Grid 14

BEML set up bogie traction motor run test facility for metro at its manufacturing unit at Bengaluru complex

Fortis Healthcare - ICRA upgraded long term ratings to BBB+ from BBB-

Reliance Home Finance: The company said in a regulatory filing that CARE Ratings (CARE) has downgraded the rating to "D" for the company's long-term debt programme, market-linked debentures, subordinated debt, non-convertible debentures (NCDs) and upper Tier-11 NCDs. CARE has stated this action is primarily due to delay in servicing of principal on one of the

NCDs of the company.

United Bank of India board meeting on September 18  to consider amalgamation and raising of equity capital

Prabhat Dairy approves delisting of shares at a floor price of Rs 63.77 per share

Ester Industries - Brickwork Ratings India has upgraded the company's long term facility from "BWR BBB" to "BWR BBB+" with stable outlook, and short term facilities from "BWR A3+" to "BWR A2"

Info Edge entered into an agreement to invest, through its wholly-owned subsidiary, about Rs 4 crore in Bizcrum Infotech Private Ltd

HUDCO has received an amount of Rs 253.83 crore (Principal Outstanding Rs. 81.87 crore) in full and final settlement of its dues

Dynacons Systems & Solutions: Credit rating agency Acuite Ratings & Research has upgraded the company's long term instruments of worth Rs 35 crore from "ACUITE BBB-" to "ACUITE BBB" with stable outlook, and short term instruments of worth Rs 20 crore to "ACUITE A3+" from "ACUITE A3".

Texmaco Rail approves rights issue price at Rs 46.70 per share to raise aggregating upto Rs 200 crore

Omax Autos: India Ratings and Research (Ind-Ra) has downgraded the company's long-term issuer rating as ’IND BBB+’ from 'IND A—'. The outlook is stable.

Usha Martin: The company said its non- executive director, Prashant Jhawar, has resigned on September 13.

Monsanto India and Bayer CropScience: The National Company Law Tribunal (NCLT) has on September 13, approved the scheme of amalgamation of Monsanto India with Bayer CropScience.

Eveready Industries - High Court of Calcutta has passed an ad-interim order of injunction by which, the company has been restrained from transferring, alienating or encumbering any of its assets till the disposal of the said application

Piramal Enterprises: Board approves raising Rs 500 crore via NCDs.

SML Isuzu: Company will shut operations at Nawanshahr's chassis division for 6 days.

Emami Paper Mills - Surrender of plots allotted by Gujarat Industrial Development Corporation (GIDC), Gujarat for Greenfield Expansion Project

PVR: Company received notice from GST Anti-profiteering Body on August 31.

Indiabulls Housing Finance - Delhi HC passed an injunction order against Rajya Sabha member Subramanian Swamy and others from publishing in digital platform, in respect of allegations against the company which are false, offending, defamatory as tweeted by Subramanian Swamy

Andhra Bank - The board of directors on Friday accorded in-principle approval for the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India as the anchor bank.

Navratna Defence PSU Bharat Electronics Limited (BEL) September 13 said it has won order worth Rs 5,357 crores for seven squadrons of Akash Missile System for the Indian Air Force.

Mcleod Russel - HC has passed an ad-interim order of injunction by which, the company has been restrained from transferring, alienating or encumbering any of its assets till the disposal of the said application

Equitas Holdings - SEBI returned draft scheme and the company is advised to re-submit the same after ensuring compliance with the provisions mentioned in the SEBI circular

ESFBL will initiate necessary steps to list its shares through Initial Public Offer (IPO) which is expected to be completed by March 2020

Upcoming analyst or board meetings/briefings:

Allahabad Bank: The board of directors will meet on September 16 to consider amalgamation of Allahabad Bank with Indian Bank.

Arcee Industries: The board of directors are scheduled to meet on September 16 for general purpose.

G-Tech Info-Training: The company's board will meet on September 16 for general purpose.

Parth Industries: The board of the auto parts and equipment maker will meet on September 16 for general purpose.

SBC Exports: The board of directors will meet on September 16 to consider and approve annual financial results of the financial year ended on March 31, 2019.
Moneycontrol News
first published: Sep 16, 2019 07:52 am

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