CNBC-TV18 top stocks to watch out for on August 16: Yes Bank, Indiabulls Housing Finance, Tata Motors

SUMMARY

Indian shares are likely to open higher on Friday amid expectations the government will soon announce steps to revive sluggish economy. Meanwhile, Asian shares traded lower as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy. At 7.15 AM, the SGX Nifty futures traded 43 points, or 0.39 percent, higher at 10,940, indicating a strong start for the Sensex and the Nifty. Here are the top stocks to watch out for today:

By CNBC-TV18Aug 16, 2019 7:35:10 AM IST (Updated)

Indiabulls Housing Finance: Rating agency Moody's downgrades ratings to Ba2 from Ba1, changed the outlook to negative.

Yes Bank: Yes Bank on Wednesday said it has raised Rs 1,930.46 crore through qualified institutional placement (QIP) to fund its business expansion. With respect to the issue, it said the bank approved the issue price of Rs 83.55, including a share premium of Rs 81.55 per share which is at a discount of 4.95 percent to the floor price of Rs 87.90 per equity.

Tata Motors: Crisil downgraded long term rating to AA-/Negative from AA/Negative, citing weakening of outlook on the business risk profile of JLR.

Coal India: State-owned CIL's 54 coal mining projects are facing delay due to various reasons such as contractual issues and delay in green clearances among others, the world's largest coal miner said. "A total of 120 coal projects costing Rs 20 crore and above are in different stages of implementation. Out of which 66 projects are on schedule and 54 projects are delayed," Coal India Ltd (CIL) said in its annual report.

GMR Infrastructure: GMR Infrastructure reported Rs 334.85 crore loss on consolidated basis for the quarter ended June 30, as against Rs 237.63 crore loss during the same quarter last fiscal, the company said in a filing with the bourses on Wednesday. GMR's airport division reported Rs 1,441.60 crore revenue and Rs 457.67 profit in the first quarter of the current fiscal.

IDBI Bank: Q1: Loss at Rs 3,800.84 crore against loss at Rs 2,409.89 crore, net interest income falls to Rs 1,457.73 crore versus Rs 1,638.62 crore YoY. Gross NPA rises to 29.12 percent against 27.47 percent and net NPA falls to 8.02 percent versus 10.11 percent QoQ.

Suzlon Energy: Suzlon Energy's consolidated net loss narrowed to Rs 336.88 crore in the June quarter, on account of lower expenses. Its total expenses in the April-June 2019 quarter declined to Rs 1,178.39 crore as compared with Rs 1,866.04 crore in the year-ago period, according to a BSE filing.

Jain Irrigation Systems: Q1: Consolidated profit falls to Rs 22.08 crore versus Rs 81.75 crore, revenue dips to Rs 1,891.32 crore versus Rs 2,061.07 crore YoY.

Cox & Kings: Tours and travel services firm Cox & Kings on Wednesday said it has defaulted on commercial papers worth Rs 149 crore.

Reliance Capital: Q1: Consolidated profit at Rs 1,233 crore versus Rs 272 crore, revenue rises to Rs 6,069 crore versus Rs 4,619 crore YoY.