Stocks On Radar: 11th Jan 2019

Non-Convertible

STOCKS ON RADAR:

Dilip Buildcon: CRISIL downgraded rating for long term bank facilities from CRISIL A+/Stable to CRISIL A/Stable. Short term reaffirmed at CRISIL A1

Subsidiary DBL Anandapuram Anakapalli Highways Private Limited received the financial closure from the National Highways Authority of India for six laning of Anandapurdm-PenduthiAnakapalli section of NH-5 (new NH-16) in Andhra Pradesh under Bahratmala Pariyojana on Hybrid Annuity Mode.

Yes Bank: Board finalized on its yesterday meet names of potential candidates for the position of MD & CEO and will submit an application to the Reserve Bank of India on January 10, seeking approval for the appointment of the new MD & CEO.

NRB Industrial Bearings: Board approved the allotment of 50,00,000 cumulative, redeemable, non-convertible preference shares of Rs 10 each aggregating to Rs 5crore on private placement basis to Devesh Singh Sahney, Chairman, Managing Director and Promoter of the company.

Ashok Leyland: Company bags orders for 2580 buses from state transports, buses to be delivered before March 2019.

Company acquired additional 5,00,010 shares constituting 12.50 percent in the paid-up share capital of Ashley Aviation Limited. Consequent to the said acquisition, the company’s shareholding in Ashley Aviation Limited stands increased to 88.75 percent.

Bajaj Finance: The company issued 14950 secured redeemable non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 1495 crore.

Tata Steel BSL: Board approved (a) issuance of non-convertible redeemable preference shares an amount upto Rs 12,000 crore and/or (b) Issuance of non-cumulative optionally convertible redeemable preference of up to Rs 12,000 crore on a private placement basis to Tata Steel.

Results Today: TCS,? Bandhan Bank, Goa Carbon, Flexituff Ventures International are going to declare their Q3 2019 results today.

Disclaimer: The Stocks mentioned are not an advice to buy or sell. It is only for information purpose. The information is collected from various published sources. You are advised to consult your financial advisors before any decision to be taken on the stocks. In no case Wealth Discovery Securities or Ezwealth will be responsible or cannot be liable for any loss on your action taken on the stocks.

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