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Stocks in Focus on January 15: Jet Airways, Cipla to Bajaj Finance; here are the 5 newsmakers of the day
The cash-strapped airline, Jet Airways, has received the forensic audit clean chit as the audit has not shown any adverse findings. Reports suggest that the result of the audit may push its lenders to pick substantial stake and restructure the debt of the company.
Certain stocks came in the news after the market was closed for trading on January 14, 2019, and can have an impact on the market after it reopens for trading on January 15, 2019.
Here is the list of five such stocks:
Fertiliser stocks: Reports are there that the government may overshoot its fertiliser subsidy bill for this financial year (FY19) by Rs30,000 crore. With this, the fertiliser subsidy will go up to Rs1 lakh crore. Apart from this, the government may ask Public Sector Banks (PSB’s) to offer loans at cheap rates to the fertiliser companies.
Jet Airways: The cash-strapped airline, Jet Airways, has received the forensic audit clean chit as the audit has not shown any adverse findings. Reports suggest that the result of the audit may push its lenders to pick substantial stake and restructure the debt of the company. Apart from this,
Bajaj Finance: Reserve Bank of India (RBI) has slapped a monetary penalty of Rs1 crore on Bajaj Finance for violation of Fair Practices Code applicable to the non-banking finance companies (NBFCs) as outlined in its master directions for NBFCs.
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Cipla Limited: The pharmaceutical company has reached a licensing agreement with Bio-Thera Solutions Ltd and for a bevacizumab biosimilar under which Cipla will have exclusive rights to distribute and market the drug in select emerging markets.
Gujarat Gas Ltd: Today is the ex-date for split/sub-division of equity shares of the Company from the face value of Rs10 each to face value of Rs 2 each.
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