Eicher Motors, SML Isuzu, MOIL, Hindustan Petroleum Corporation, NHPC, NBCC India, Wipro, Biocon, HDFC Asset Management Company, DCM Shriram, and Insecticides India will also be in focus on September 2.
The present MD and CEO Pawan Singh has gone on leave following a directive from RBI amid corporate governance concerns.
The Securities and Exchange Board of India has pulled up PFS, barring the non-banking financial company from holding a board meeting until it addresses the corporate governance issues and submits a report on action taken within four weeks
PTC India and PTC India Financial Services raised questions about the “factual errors” in the allegations made by the directors and timing of the coordinated resignations that cite instances from an older period.
The independent directors claimed there were serious corporate governance lapses at PTC India Financial Services and that they were being blatantly ignored.
The market breadth was in favour of the declines on Monday morning with 120 stocks advancing while 1532 stocks declined and 382 stocks remained unchanged. On the BSE, 266 stocks advanced while 1960 stocks declined and 79 remained unchanged.
Rakesh Bansal of RK Global advises buying Kansai Nerolac with a target of Rs 427.
IVRCL | SBI | Tata Steel | Goa Carbon | PTC India Financial | JM Financial | Financial Technologies and MCX are stocks, which are in the news today.
IDBI Bank | Greaves Cotton | IL&FS Engineering | Coal India | Reliance Infrastructure | West Coast Paper | Hindustan Zinc | Kaveri Seeds | Apollo Tyres | Kajaria Ceramics | GE Shipping | Oriental Bank of Commerce | PNB and DLF are stocks, which are in the news today.
Spicejet | Reliance Power | United Breweries | Glenmark Pharma | GSK Consumer | Jet Airways | Unitech | Mangalore Chemical | Deepak Fertiliser | ING Vysya Bank | DLF | IOC | Kingfisher Airlines | MphasiS | Garware Wall | Lupin and Alstom T&D are stocks, which are in the news today.
Pawan Singh, director, PTC India Financial, says the present ECB dispensation given to the power companies doesn‘t apply to PTC India. He also says that PTC India does not have any non-performing loans and the company does not need to worry on that front.
Hathway Cable, WWIL and Den Network are looking good at current level, says SP Tulsian, sptulsian.com.