Top stocks in focus: Ashok Leyland, Indian Oil, Delta Corp, HEG, GAIL

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Mar 26, 2020 02:03 IST India Infoline News Service

REC Board approved increasing the market borrowing program by Rs4,000cr to Rs94,000cr for the financial year 2020.

Delta Corp to consider share buyback on March 28.

NTPC added 2nd unit of 660 MW of Khargone Super Thermal Power Project to installed capacity.

CRISIL has downgraded the rating on bank facilities of Shankara Building Products to CRISIL BBB+ with a stable outlook from CRISIL A- with a negative outlook.

ICRA downgraded long-term rating of Ashok Leyland to ICRA AA- from ICRA AA+ with negative outlook.

HEG to suspend its operations at its Madhya Pradesh plant with immediate effect.

Dhanuka Agritech shuts down all of its three plants in Gujarat, Jammu and Kashmir and Rajasthan.

Endurance Technologies to suspend all plant operations in India until the next 21 days, or a period notified by authorities.

Proctor And Gamble Health And Hygine said that it anticipates disruptions in operations to continue for a period of the next 3 weeks at minimum.

Indian Oil has regulated crude oil throughput at most of its refineries by 25% to 30%. The company said that demand for petroleum products has fallen sharply and aviation turbine fuel has also been impacted due to the suspension of flights. The corporation is taking steps to increase LPG production in major refineries.

TVS Motor's Indonesian arm’s one plant to resume operations from March 26.

InterGlobe Aviation says it is likely that restrictions on operations of the company’s international and domestic flights will continue until April 14.

Syngene International to temporarily suspend part of its research activities at its facilities situated at Bangalore SEZ and Hyderabad for a period of 21 days. Company to continue to carry out operations for essential services, development, and manufacturing activities at the above facilities.

Kolte-Patil Developers announced the shutdown of offices and project sites due to coronavirus outbreak.

Cummins India announced the temporary suspension of offices and plants across India due to COVID-19.

Triveni Engg announced the suspension of manufacturing operations due to COVID-19.

Mangalam Organics terminated its alliance with France-based Les Dérivés Résiniques et Terpéniques.

Balkrishna Industries closed offices and manufacturing plans due to COVID-19.

CRISIL reaffirmed long term rating of LT Foods at A- and revised outlook on long term loans to stable.

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