Top stocks in focus: Mindtree, Colgate, L&T Infotech, Torrent Pharma

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

Jul 18, 2019 02:07 IST India Infoline News Service

Stocks to watch
Mindtree board appointed AM Naik as non-executive chairman with effect from July 18.

Punjab and Sind Bank reported fraud of Rs238.3cr in Bhushan Power and Steel account. The bank said that the company has misappropriated bank funds, manipulated books of accounts to raise funds from consortium lender banks.

Reliance Power said that ICRA has downgraded borrowings worth Rs8,015cr of the company to ‘Default’.

NMDC Karnataka High Court has allowed the writ petition in Donimalai case and set aside the condition imposed to levy premium equivalent to 80% of average sale price of the iron-ore as published by Indian Bureau of Mines.

DFM Foods stated that they will commission a new extrusion line which will add 5,000 MT per annum capacity for an investment of Rs20cr and have also taken an industrial premise on a long term-lease in UP.

USFDA classified Torrent Pharma’s Dahej facility as Official Action Initiated. The inspection was undertaken in March.

DHFL board plans to meet on July 22 to consider and approve joint statutory auditor’s reports, matters related to AGM and March quarter results.

Oil India stated in their press release that they have been awarded 12 oil and gas blocks under Open Acreage Licensing Policy of the government.

Suzlon Energy stated in their press release that company is working on holistic solutions for its debt and all the secured lenders of the company and certain arms have signed an inter-creditor agreement in terms of RBI Circular for resolution of the debt of the group.

Strides Pharma clarified that it had received warning letter from USFDA for its Puducherry facility.

India Ratings and Research has downgraded on Eveready Industries for long term credit rating to ‘IND BBB-’ from ‘IND BBB’, with a negative rating watch.

8K Miles Software Services postponed its board meeting for quarterly results from July 18 to a later date.

CARE Ratings sends its Managing Director Rajesh Mokashi, on leave with immediate effect on an anonymous complaint received by SEBI. The board has appointed TN Arun Kumar as interim CEO.

Results today: Larsen & Toubro Infotech, ACC, Colgate, Cyient, D B Corp, Hatsun Agro, Rallis India, Sasken Technologies, Sterlite Technologies, Trident, Uttam Galva Steels

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