Top stocks in focus: Yes Bank, DHFL, Dr. Reddy's, Tech Mahindra

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

Feb 18, 2019 02:02 IST India Infoline News Service

Stocks to watch
Yes Bank stock in focus today. RBI reprimanded the private lender for selectively revealing a “confidential” report by the regulator that led to a 30% surge in the lender’s shares on Thursday, calling the disclosure a “deliberate attempt” to mislead the public. 

Baring, Bain and Hero Fincorp are in talks to buy a 10% stake in DHFL, as per ET.

Dr. Reddy's Labs stock in focus as Duvvada plant gets a VAI (Voluntary Action Indicated) status from USFDA, receives EIR for Duvvada facility from the regulator.

Tech Mahindra withdrew the scheme of merger with its arm ‘Tech Mahindra Growth Factories’ with self. The IT company to consider buyback of shares on February 21.

Anil Ambani-led Reliance Group has reached a “standstill agreement” with more than 90% of its lenders under which they will not sell any of the shares pledged by promoters till September.

Sun Pharma Advanced Research stock in focus. Sun Pharma Global FZE said that it is not planning to launch Elepsia in the US market, thus it will return the product rights back to Sun Pharma Advanced Research.

BPCL’s arm executed long term liquefied natural gas sale purchase agreement with Mozambique LNG1 for 1MMTPA of LNG for 15 years.

Coffee Day Enterprises stocks in focus. Income Tax Department provisionally attached 2.04cr encumbered shares of promoter VG Siddhartha for six months. The company says that the promoter has filed required revised returns and discharged all the tax liabilities.

Jet Airways said its gross debt stands at Rs 7,654 crore of which aircraft debt stands at Rs1,585cr as of December 31. It said the stake sale of JetPrivilege will be done at a later stage and not now.

SAIL annuls Expression of lnterest for 100% stake sale in Durgapur Alloy Steel Plant. The fresh process for stake sale has been initiated with the approval of the government.

PNC Infratech received an order from PWD for a project worth Rs186.48cr.

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