Stocks in Focus on July 16: HDFC, DHFL to Jet Airways; here are the 5 Newsmakers of the Day
There are certain stocks that came in news after the market was closed on Monday. These stocks can have an impact on the indices after the market opens on Tuesday.
Key domestic indices, Sensex and Nifty, edged higher on Monday, July 15, 2019. The gains were boosted by IT shares while the weakness in FMCG shares capped the gains. However, there were certain stocks that came in news after the market was closed for the day. These stocks can have an impact on the indices after the market is opened for trading purposes on Tuesday, July 16, 2019. Here is a list of five such stocks:
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HDFC Bank: The Board of Directors of the Bank at its meeting scheduled on July 20, 2019, will inter-alia consider the declaration of a Special Interim Dividend on the equity shares of the Bank, for the Financial Year 2019-2020, to commemorate 25 years of HDFC Banks operations.
Brigade Enterprises: Shares of Brigade Enterprises will remain in focus today because its board on Monday approved a bonus issue in the ratio of 1:2. It also approved raising Rs115 crore from promoters and promoter group by allotting 42.75 lakh convertible warrants at Rs269 a share.
DHFL: The company’s future and options (F&O) contracts will not be made available for trading in the equity segment from September 27, 2019, and all existing F&O contracts will expire a day before the closure, i.e. on September 26, 2019.
Jet Airways: The debt-laden airline, Jet Airlines, which ceased its operations in April 2019, is likely to hold a meeting under the IBC on Tuesday to discuss the bid conditions to find a buyer and recover some of their dues. The meet is going to be the first meeting after the company has moved to NCLT for resolution.
Jubilant Life Sciences: The pharmaceutical company has announced a price hike of 10 per cent for Vitamin B3 (Niacin & Niacinamide) with immediate effect for non-contract customers and existing contracts. Jubilant is the second-largest producer of Vitamin B3 globally.
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