Top stocks in focus today: Yes Bank, Kotak Mahindra Bank, Grasim, Hindalco

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

Nov 15, 2018 08:11 IST India Infoline News Service

Stocks to watch
Ashok Chawla has resigned as the Non-Executive (Independent) Chairman of Yes Bank on November 14 with immediate effect.

Kotak Mahindra Bank stock in focus today as ING Group seeks to sell its entire 3.7% stake in the bank via block deals.

Grasim and Hindalco stocks in focus today as Vodafone Idea looks to raise Rs7,250cr from Aditya Birla Group. Grasim and Hindalco own 11.55% and 2.61% stake in Vodafone Idea.

NHPC Board approved share buy-back of 21.4cr shares, representing 2.09% of equity capital at Rs28 per share aggregating to Rs600cr. The record date set for buy-back is November 30.

Tata Power’s joint venture ‘Resurgent Power’ signed a share purchase agreement to acquire 75% stake and 27cr preference shares in Prayagraj Power Generation for Rs6,000cr.

Dhanuka Agritech approved a buy-back of 13.12% of equity share capital at Rs550 per share, aggregating to Rs82.5cr.

Gujarat Fluorochemicals board approved a proposal to demerge chemical business of the company. The consideration for the resulting company will be 1:1.

Alkem Laboratories
received no observations on Form 483, as the USFDA completed the inspection at the company’s Bioequivalence Facility at Taloja, Maharashtra.

Oil India said it was considering a share buy-back and issuance of debt securities on November 19.

IOL Chemicals & Pharma board approved enhancing of Metformin Unit for Rs2.7cr and completion of Clopidogrel Bisulphate and Fenofibrate for Rs19.26cr.

Apollo Hospitals Enterprise board approved to demerge front-end retail pharmacy segment into a standalone pharmacy segment called Apollo Pharmacies. 

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