Stocks in Focus on August 9: Yes Bank, DHFL to Auto stocks; here are the 5 Newsmakers of the Day
Certain stocks came in news after the markets were closed yesterday and can have an impact on the Indian indices after it opens today.
Key equity benchmarks surged amid broad-based buying support on Thursday, August 8, 2019. However, certain stocks came in news after the markets were closed for the trading purposes and can have an impact on the indices after it opens for trading purposes on Thursday, August 8, 2019. Here is a list of five such stocks:
Yes Bank: The private sector bank will launch a qualified institutional placement (QIP) issue today to raise about Rs2,000 crore. The bank has set a floor price of Rs Rs87.9 per Equity Share with a proposed discount of not more than 5%, which will depend on the demand.
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Endurance Technologies: Management of the company on Thursday decided to roll back its expansion plan into tyre manufacturing. The decision was taken on stakeholders' feedback.
Dewan Housing Finance Corporation (DHFL): The debt-laden housing finance company said on Thursday that it may not be able to meet its payment obligations falling due in the immediate future as per their existing schedule. However, the company is committed to resolving the issues being faced by it and
is making best efforts to work out a resolution plan which will be in the best interest of all stakeholders. It is also working towards resolving its liquidity crisis in a comprehensive and timely manner.
Auto stocks: Auto stocks will be in focus today because the Department of Heavy Industry has approved the sanction of 5595 electric buses to 64 Cities, for intra-city and intercity operation under FAME India scheme phase II to give a further push to clean mobility in public transportation.
Vodafone Idea: Credit rating agency CARE has downgraded Vodafone Idea rating on non-convertible debentures (NCDs) to Care A with negative outlook from Care A+ on account of weak financial performance.