Top stocks in focus: Maruti Suzuki, SBI, L&T, Eicher, Mindtree

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

May 10, 2019 02:05 IST India Infoline News Service

Stocks to watch
Maruti Suzuki India said it has slashed its vehicle production by around 10% across its factories in April. 

Reliance Industries’ arm signed a definitive agreement to acquire 100% stake in British toy retailer Hamleys for GBP 67.96 million.

Larsen & Toubro acquired 33.05 lakh shares of Mindtree on May 9.

Mcleod Russel and Eveready Industries promoters Williamson Magor & Company created a pledge of 56.83 lakh or 7.82% in favour of IndusInd Bank on April 30.

NIIT Technologies received approval of the Competition Commission of India and the anti-trust authorities in Germany and in the United States of America for sale of promoter group holding to Hulst B.V.

Indian Overseas Bank board approved the capital plan for the financial year 2020 to issue up to 300cr equity shares and to raise tier II capital up to Rs1,500cr by issuing Basel III-compliant bonds. It also kept its MCLR rate unchanged.

Welspun Corp said it will consider share buyback proposal on May 14. The company received additional pipe orders of 103 KMT which will be serviced from India. Order book stood at 1,698 KMT valued at Rs 14900 crore.

Quess Corp completed the acquisition of 100% stake in Greenpiece Landscape.

RBI extended the tenure of its General Manager Rajnish Kumar as Additional Director of Lakshmi Vilas Bank till 2021.

Yes Bank stock in focus as CARE Ratings and Brickwork Ratings downgraded ratings on various credit instruments.

Results today: SBI, L&T, Allahabad Bank, Canara Bank, Syndicate Bank, Eicher Motors, GlaxoSmithKline Consumer Healthcare, Gujarat Poly Electronics, HT Media, IDFC First Bank, Kajaria Ceramics, Merck, Nocil, Oberoi Realty, Punjab Chemicals, PVR, Tata Investment Corporation, V2 Retail, Vakrangee, Venky's, V-Mart Retail, VST Tillers Tractors.

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