Stocks in Focus on May 6: Cadila Healthcare, Bharti Airtel to DHFL; here are the 5 newsmakers of the day
he domestic market, Nifty and Sensex, ended with minor losses on Friday, May 3, 2019, after hovering in the green zone for the most part of the session.
The domestic market, Nifty and Sensex, ended with minor losses on Friday, May 3, 2019, after hovering in the green zone for the most part of the session. Weakness in the IT stocks put pressure on bourses while gains at the financial shares supported the indices at lower levels. However, there were some stocks that came in news after the market was closed for trading on the day but can have an impact on the market after it reopens on Monday, May 6, 2019, for trading purpose. Here is the list of five stocks:
Cadila Healthcare: The drug firm will be in focus today because of it on Friday, May 3, 2019, said that the USFDA has issued 14 observations after inspecting its manufacturing facility at Moraiya in Ahmedabad. It said that there were no repeat observations or Data Integrity-related observations
Indiabulls Housing Finance/Lakshmi Vilas Bank: The board of the Indiabulls Housing Finance has reversed the scheme of amalgamation with Lakshmi Vilas Bank and proposed to merge Indiabulls Commercial Credit with Lakshmi Vilas Bank. Indiabulls Commercial Credit is a 100 per cent subsidiary of Indiabulls Housing Finance.
Bharti Airtel: India’s second-biggest wireless carrier, Airtel, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about Rs6918 crore. The formal announcement about the London listing will be made by Airtel Africa this month as it aims to start trading in June. The
DHFL: The board of the financial service company has approved fundraising for an amount up to Rs2,000 crore in one or more tranches. The board has constituted a sub-committee to decide upon fundraising.
Vodafone Idea: The company has signed a new Rs4,900 crore-5,600 crore ($700-800 million) 5-year technology outsourcing contract with IBM to enhance its business efficiency and reduce IT-related costs.