Stocks in Focus on December 10: Hero MotoCorp, Yes Bank to Telecom Stocks; here are the 5 Newsmakers of the Day
However, there were some stocks came in news after the market was closed for trading purposes on the day and can impact the indices when they reopen Tuesday, December 10, 2019.
After a rangebound session, the domestic stock markets closed with marginal gains on Monday, December 9, 2019. However, there were some stocks came in news after the market was closed for trading purposes on the day and can impact the indices when they reopen Tuesday, December 10, 2019.
Here is a list of five such stocks:
Hero MotoCorp: The world’s largest two-wheeler manufacturer, will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective January 1, 2020. The price increase across its range of two-wheelers will be up to Rs. 2000.
Bharti Airtel: The telecom major has shortlisted merchant banks namely Axis Capital, Citi and JP Morgan for qualified institutional placement (QIP) to raise up to $2billion. QIP is likely to be launched in early January 2020," added a second source.
YES Bank: The company Board of Directors will meet today to finalize and approve the details of the preferential allotment and convene an extraordinary general meeting subsequently, to obtain the approval of the shareholders for raising capital. Besides, the board is expected to reject an offer of $120 crore from Canada's Erwin Singh Braich toward its fundraising plans.
Insurance companies in focus: The government is likely to raise the foreign direct investment (FDI) limit in insurance to 74% from existing 49% in the February budget.
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Telecom companies in focus: The government has asked all telecom license holders to not delay the payment of dues related to adjusted gross revenue (AGR). It has asked them to seek clarifications by December 13 on any doubts regarding matters which may not have been covered in the recent Supreme Court's judgement.