CNBC-TV18’s top stocks to watch out for on August 24

SUMMARY

The Indian equity indices are likely to open higher on Tuesday following upbeat global markets. The trends on SGX Nifty also indicate a strong start for the broader index in India. The Nifty futures were trading 79.50 points or 0.48 percent higher at the 16,574.50 level on the Singaporean Exchange at 7:15 am.

By CNBC-TV18Aug 24, 2021 7:54:39 AM IST (Updated)

Listings | Aptus Value Housing Finance and Chemplast Sanmar will list their equity shares on exchanges today.

Maruti Suzuki | The Competition Commission of India (CCI) has imposed a penalty of Rs 200 crore on the company for restricting discounts offered by its dealers.

Eicher Motors | Siddhartha Lal has been reappointed as managing director of the company with effect from May 1, 2021.

Bharti Airtel | The Supreme Court today will hear a fresh plea by the company against payment of defunct telecom company Videocon Telecommunications Ltd’s adjusted gross revenue (AGR) dues.

Vedanta | The company has made a natural gas discovery in a block in Gujarat that it had won in the open acreage licensing policy (OALP) round.

Gujarat Gas | The company has increased prices by Rs 4 per scm in the industrial segment and Rs 2 per kg in the CNG segment.

Canara Bank | The bank has closed its QIP, garnering a total of Rs 2,500 crore equity capital in the issue.

JSW Steel | Rating agency ICRA has upgraded the company’s rating for Long Term Bank Facilities and NCDs to “[ICRA] AA”; Stable Outlook, from “[ICRA] AA-”; Positive Outlook and has reaffirmed the ratings for the Short Term Bank Facilities and Commercial Paper at “[ICRA] A1+”.

Indian Hotels Company | The company’s board has approved raising of up to Rs 3,000 crore through a rights issue.

Balrampur Chini Mills | The company has bought back 6.76 lakh shares from eligible shareholders for an amount of about Rs 24.10 crore at an average price of Rs 356.34 per share.

Punjab & Sind Bank | The bank has set off accumulated losses of over Rs 3,577 crore against the share premium account of the bank.

Sical Logistics | The fifth meeting of the committee of creditors has been scheduled for August 25 through video conferencing.

KPI Global | The company has successfully commissioned a new capacity of 5.44 MW (DC) in its existing solar power plant at Village-Sudi & Tancha, Ta-Amod, District- Bharuch.

NR Agarwal Industries | Production at Unit 2 of the company has been temporarily shut down due to the lack of market orders.

Atul Auto | Credit rating agency CRISIL has assigned CRISIL A-/ Stable (downgraded from CRISIL A/Stable) to long-term bank facilities and CRISIL A2+ (downgraded from CRISIL Al) to short term bank facilities of the company.

Nandan Denim | Brickworks Ratings India has revised the outlook of the rating of long-term facilities of the company.

Sanghvi Movers | ICRA upgraded the long-term rating to ICRA A from ICRA A- and also upgraded the short-term rating to ICRA A1 from ICRA A2-.