Top stocks in focus: Sun Pharma, Spandana Sphoorty Financial, CG Power

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

Aug 19, 2019 02:08 IST India Infoline News Service

Stocks to watch
Sun Pharma and China Medical System Holdings entered into a licensing agreement for generic products to develop and commercialise seven generic products in mainland China.

Spandana Sphoorty Financial shares to start trading after IPO gets 1.05 times to demand at Rs856 each.

Ujjivan Small Finance Bank proposes an initial public offering comprising a fresh issue of around Rs1,200cr.

Crisil downgraded bank loan facilities worth Rs375.88cr of DCM Ltd to ‘CRISIL D’ (Default) from ‘CRISIL BB+’, due to delays in repaying the interest and principal obligation on the term loan.

Sundaram Clayton announced to shut down of Chennai unit on August 16-17 due to slow down across sector.

Titan Company bought 2.8% stake in subsidiary Carat Lane at Rs328 per share.

Bosch's VK Viswanathan resigned from the post of Chairman and Non-Executive Director with effect from August 23 as part of succession planning.

DHFL stated that it is not in a position release quarterly results in time due to the full-time engagement of accounts and finance teams in various non-routine audits and the due diligence by various parties. Company to ensure submitting the quarterly results by September. 14.

CARE Ratings downgraded long term short loan facilities worth Rs1,195cr of Simplex Infra to ‘BBB’ from ‘A-’, with the outlook remaining negative.

Info Edge increased its stake in Shopkirana to 25.36% for Rs47cr.

Coffee Day Enterprises says the total debt of the group at Rs4,970crore. The debt of group will reduce by Rs2,400cr post-Global Village Tech Park deal. The company expected to have a comfortable position to service reduced debt obligations.

Himatsingka Seide clarified that concerned authorities in Karnataka have audited the company’s manufacturing facilities and have not found any non-compliance with regulations.

The National Company Law Appellate Tribunal declined to extend resolution period in Amtek Auto’s insolvency case. NCLAT stated that since 270 days have already passed, National Company Law Tribunal should pass orders on liquidation.

NACL Industries said that a new facility is being built at the Srikakulam site to meet the expected growth in demand for technical as well as intermediates and at Ethakota Plant manufacturing of new product "SMASH” has commenced.

Kridhan Infra arm secured orders worth Rs145cr for various works at Hyderabad International Airport.

BEML's order book position at Rs8,917cr on June 30.

TVS Motor to invest $3.2 mn in US-based Predictronics Corporation, which specialises in providing end-to-end predictive maintenance analytics solutions.

Results today: CG Power and Industrial Solutions, Kwality, Opto Circuits, Dhruv Wellness, Glance Finance, Industrial Investment Trust, Real Growth Commercial, Trident Tools.

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