CNBC-TV18 top stocks to watch out for on August 19

SUMMARY

Indian shares are likely to open marginally higher on Monday, tracking gains in Asia, amid hopes of new stimulus from the government to revive growth. The gains are likely to be limited due to the continued selling by overseas investors in Indian equities. Foreign investors pulled out Rs 8,319 crore on a net basis from Indian capital markets in the first half of August. In Asia, shares advanced following steps announced by major economies such as China and Germany to support the economy. At 7:00 AM, the SGX Nifty futures traded 19.50 points, or 0.18 percent, higher at 11,073.50, indicating a positive start for the Sensex and the Nifty 50. Here are the top stocks to watch out for today:

By CNBC-TV18Aug 19, 2019 7:07:00 AM IST (Updated)

Cipla: Shareholders have approved a proposal to raise up to Rs 3,000 crore through issuance of equity shares or other securities convertible into equity shares,

Reliance Communications: Two promoter entities of RCom—Reliance Communications Enterprises and Reliance Telecom Infrainvest—pledged about 11.51 percent of their holding in RCom amounting to 31.82 crore shares in favour of Axis Trustee Services acting as security/debenture trustee.

Lupin: It has received approval from the US health regulator for generic Hydrocortisone Valerate cream used for relief from inflammation and itching due to various skin conditions.

State Bank of India: Chairman Rajanish Kumar said SBI is expecting to achieve credit growth of 12 percent to 14 percent this fiscal.

Coffee Day Enterprises: CCD owner said its total debt is expected to reduce to around Rs 1,000 crore after adjusting the proceeds from the sale of its Global Village Tech Park in Bengaluru to Blackstone.

Sundaram Clayton: The company announced the shutting down of Chennai unit on August 16-17 due to a slowdown across the sector.

Ujjivan Financial Services: Ujjivan Small Finance Bank proposes an initial public offering comprising a fresh issue of around Rs 1,200 crore.

Mahindra and Mahindra: The auto major announced the inauguration of its local automotive assembly plant near Colombo, Sri Lanka.

Tech Mahindra: The IT firm announced a divestment of 73.38 percent stake in its subsidiary FixStream Networks Inc to US-based Resolve Systems LLC for $2 million.

TVS Motor: Its Singapore arm has invested $3.2 million in US-based Predictronics Corporation which specialises in providing end-to-end predictive maintenance analytics solutions. (stock image)

Bharti Airtel: Shareholders approved a proposal allowing chairman Sunil Bharti Mittal and CEO Gopal Vittal to retain excess remuneration paid in 2018-19.

Sun Pharma: One of its arms has granted an exclusive licence to a subsidiary of China Medical System Holdings Ltd (CMS) to develop and commercialise seven generic products in Mainland China.

Reliance Industries: Fitch Ratings raised the outlook on RIL to positive from stable due to the company's potential to further deleverage following its announcement to eliminate its net debt by March 2021.