Top stocks in focus: ITC, Avenue Supermarts, Bharti Airtel, Torrent Pharma, UPL

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

May 26, 2020 07:05 IST India Infoline News Service

Stocks In Focus
Bharti Airtel said that Bharti Telecom is offering up to 15 cr shares in the company at a floor price of Rs558/ share, according to the media reports.

ITC enters into a share purchase agreement to acquire Sunrise Foods for an undisclosed sum.

JSW Steel's board has approved raising long-term funds through NCDs with warrants for an amount not exceeding Rs7,000cr.

Eicher Motors to consider a stock split and fourth-quarter results on June 12.

JSW Steel & Tata Steel in focus as Fitch Ratings has downgraded the Issuer Default Ratings of both the companies to BB- from BB after a portfolio review.

UPL stated in a conference call that it is in talks with the government on the proposal to ban 27 generic products.

Birla Corporation’s manufacturing operations of its jute mills in West Bengal has been disrupted on account of Cyclone AMPHAN.

HFCL bags order worth Rs175cr from an integrator of data networks for the supply of Optic Fibre Cable under the Bharat Net Phase-II program.

Deepak Fertilisers to raise up to Rs180cr via a rights issue and the promoters will also participate in the issue. The company has also forayed into the alcohol-based hand sanitisers space.

InterGlobe Aviation to fly more than 200 flights daily until May 31. The airline said that all flights are in accordance with the Covid-19 guidelines issued by various state governments.

Bosch to observe 'No-Production Days' at its Gangaikondan plant till May 31.

India Ratings has placed Gateway Distriparks long-term issuer rating on 'Rating Watch Negative' with a stable outlook.

India Ratings revises Snowman Logistics long-term issuer rating to 'Rating Watch Evolving' from 'Rating Watch Positive.'

Solar Industries suspends operations of its detonator division at its Nagpur facility.

NCC and Just Dial to be excluded from futures and options segment from July 31.

IDFC First Bank board approved raising Rs5,000cr via NCDs.

Yes Bank gets shareholder approval to raise capital through the issue of equity shares or other convertible securities

Trent said that as a result of the lockdown induced by Covid-19, the revenue from retailing of non-food merchandise has been entirely and adversely impacted.

Aarti Industries approved early redemption of NCDs worth Rs40cr.

Results today: Torrent Pharmaceuticals, 8K Miles Software, Automotive Axles, Blue Dart Express, Coromandel International, Deepak Nitrite, Firstsource Solutions, Jaiprakash Power Ventures, Kewal Kiran Clothing, Menon Bearings, Max Financial Services, Newgen Software Technologies, Praj Industries, Shanthi Gears, SH Kelkar and Company, VIP Industries, Visaka Industries, and Wonderla Holidays.

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