Top stocks to watch out for on July 25: Yes Bank, Bharti Airtel, Vodafone Idea, DHFL, Shriram Transport Finance

SUMMARY

The Indian market is likely to open higher on Thursday amid mixed global cues. While the US stocks surged to record highs as chipmakers rallied, Asian shares remained cautious as the euro hovered near two-month lows on bolstered expectations of rate cuts in Europe. At 7:15 AM, the SGX Nifty futures traded 23.50 points higher at 11,296, pointing to a positive start for the Sensex and the Nifty 50.

By CNBC-TV18Jul 25, 2019 7:37:11 AM IST (Published)

Yes Bank: ICRA has downgraded Basel III Compliant Tier I and Tier II bonds with a negative outlook.

Bharti Airtel, Vodafone Idea: A governmentpanelon Wednesday approved a combined penalty of Rs 3,050 crore ($442million) on telecom operators Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Industries' telecom unit Jio when it began operations in 2016, media reported.

Future Enterprises: CARE Ratings cut the debt rating outlook to negative from stable.

BHEL: The company has formed a joint venture with NTPC for 800 MW coal-fired power plant.

DHFL: Beleaguered housing finance company DHFL again defaulted on bond repayments to the tune of Rs 8.07 crore on July 23, according to an exchange filing.

Cox & Kings: Tours and travel services firm Cox & Kings on Wednesday said it has defaulted on commercial papers worth Rs 174 crore. This is another instance within a span of four weeks that the beleaguered firm has defaulted on meeting financial obligations.

NBCC: In Amrapali Group case, the Supreme Court has appointed the company to complete various projects. The percentage of commission/fee of the company is fixed at 8 percent.

IDFC First Bank: The bank on Wednesday reported a net loss of Rs 617 crore for the April-June quarter of the current fiscal on account of higher provisioning. The bank had reported a net profit of Rs 181 crore in the April-June period of the previous fiscal.

Shriram Transport Finance: NBFC firm Shriram Transport Finance Co Ltd on Wednesday reported a nearly 11 percent rise in its net profit to Rs 634.25 crore for the first quarter ended June 30. The company's net profit in the corresponding April-June period of 2018-19 was at Rs 572.90 crore.

GHCL: The company has placed the commercial paper amounting to Rs 25 crore.

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