Stocks in Focus on November 15: Cipla, Vedanta to IRCTC; here are the 5 Newsmakers of the Day
Key equity barometers ended with decent gains on Thursday, November 14, 2019, after oscillating between gains and losses for the first half of the trading session. Trading was volatile due to weekly expiry of index options.
Key equity barometers ended with decent gains on Thursday, November 14, 2019, after oscillating between gains and losses for the first half of the trading session. Trading was volatile due to weekly expiry of index options. However, certain stocks came in news after the market was closed for trading purposes and can have an impact on the indices when it reopens on Friday, November 15, 2019.
Here is a list of five such stocks:
Cipla: The drug major Cipla on Thursday said it has received four cGMP observations from the United States Food and Drug Administration (USFDA) for its manufacturing facility in Patalganga. The USFDA conducted a routine cGMP inspection for both Formulations and APIs at Patalganga unit from November 4-13, 2019.
Vedanta: Metals and mining conglomerate Vedanta have slashed 2019-20 CapEx guidance from Rs10,000 crore to Rs8,000-8,500 crore.
SBI: Executive Committee of the Central Board of Directors (ECCB) of the Bank on Thursday approved divestment of SBI stake in SBI Cards up to 4% through IPO (initial public offering) by way of offer for sale of up to 3.73 crore shares.
IRCTC: Ministry of Railways on Thursday revised the menu and tariff of Catering Services on Rajdhani, Shatabdi, Duronto and Standard Meals on Indian Railways.
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Moody's: Moody's Investors Service on Thursday has cut India's economic growth forecast to 5.6% for 2019 from 5.8% and pointed out that government measures do not address the widespread weakness in consumption demand. Moody's had on October 10 slashed India's economic growth forecast for 2019-20 fiscal to 5.8% from an earlier estimate of 6.2%. However, in Global Macro Outlook 2020-21, it said economic activity in India will pick up in 2020 and 2021 to 6.6% and 6.7%, respectively.