Stocks in Focus on August 14: GAIL, Force Motors to Khadim; here are the 5 Newsmakers of the Day
Certain stocks came in news after the market was closed yesterday and can play an important role in the movement of the market after it reopens today.
The domestic equity market slumped and closed in a red on Tuesday, August 13, 2019. Both the indices, Sensex and Nifty, slipped more than 1.60%. But certain stocks came in news after the market was closed for trading purposes and can play an important role in the movement of the market after it reopens for trading today, August 14, 2019. Here is a list of five such stocks:
GAIL: The Petroleum & Natural Gas Regulatory Board (PNGRB) has increased tariff for company’s Dabhol Bangalore pipeline Natural Gas Pipeline ("DBPL") by 11%. The new price will be effective from September 1, 2019.
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Force Motors: The company has said that it will observe block closure at its two plants, namely Akurdi, Pune, Maharashtra and Pithampur, Madhya Pradesh, from August 14-18, 2019. The plants will be closed due to the flood situation, which is expected to clear by then.
NBFC: NBFC will remain in focus today because the finance ministry on Tuesday issued guidelines for rolling out its budget announcement of offering Rs1 lakh crore partial credit guarantee to public-sector banks for purchasing pooled assets of financially sound non-bank NBFCs. The one-time guarantee provided by the government on the pooled assets will be valid for 24 months from the date of purchase. Assets originated up to 31.3.2019 will only be eligible under this scheme. It is expected that this measure would provide liquidity to the NBFC Sector and, in turn, enable them to continue to play their role in meeting the financing requirements of the productive sectors of the economy including MSME, retail and housing.
Mishra Dhatu Nigam: The company said yesterday that HDFC MF has increased its stake in the company from 4.92% to 5.03%.
Khadim India: Promoter Siddhartha Royburman has acquired 1 lakh shares which turns up to be 0.56% of the company. The shares were acquired at Rs 194.98 apiece.