CNBC-TV18's top stocks to watch out for on August 28

SUMMARY

Indian shares are set for a mixed start ahead of the expiry of future and derivative contracts amid muted trades in global markets. On Tuesday, Indian benchmark indices the Sensex and the Nifty50 ended higher for the third straight session led by auto and banking stocks, as ebbing global trade war worries and expectations of further stimulus supported by a huge dividend from the central bank boosted investor sentiment. At 7.20 AM, the Nifty Futures traded 0.13 percent higher at 11,124.50, indicating a mixed start for the Sensex and the Nifty. Here are the stocks to watch out for:

By CNBC-TV18Aug 28, 2019 7:50:19 AM IST (Updated)

InterGlobe Aviation: At IndiGo’s annual general meeting, the airline’s management assured shareholders that related-party transactions between IndiGo and promoter Rahul Bhatia’s company are at arm’s length and in the best interest of the company.

Dewan Housing Finance Limited: Debt-ridden DHFL on Tuesday said it plans to raise funds through equity share sale or other means as part of the debt resolution plan of the company. The DHFL board is scheduled to hold a meeting on Friday (August 30), in which the said proposal is to be placed, the firm said in a regulatory filing.

Yes Bank: The bank’s board meeting on August 30 will consider raising of funds by way of issuance of equity shares including but not limited through preferential issue.

Hindustan Unilever: The company told CNBC-TV18 that it has taken price reductions in the range of 4-6 percent in Lux & Lifebuoy portfolio and the price reduction may be higher on certain packs in order to pass on benefits to consumers.

Power Grid Corporation: The board approved the investment in a solar project in Rajasthan worth Rs 2,578 crore and appointment of KSR Murty as CFO with immediate effect.

Future Retail: Acuite Ratings & Research reaffirmed its credit rating on the company's commercial paper at A1+.

Oberoi Realty: Income Tax team has left the company's premises and company fully co-operated, responded to clarifications sought by I-T Authorities. Normal day-to-day business activities have resumed fully.

JPVL: Debt-laden Jaiprakash Power Ventures has sought shareholders' approval to issue preference shares worth Rs 4,000 crore into its lenders in the annual general meeting on September 20. The firm's board at its meeting held on August 31, 2018, had approved the offer and issue of 0.01 percent Cumulative Compulsory Convertible Preference Shares (CCPs) aggregating up to Rs 4,000 crore in one or more tranche on preferential basis to lenders, it said in a notice for AGM.

PFC: State-run Power Finance Corporation (PFC) on Tuesday said its has received shareholders' approval to raise Rs 70,000 crore by issuance of bonds, debentures, notes, and debt securities in domestic and international markets. The proposal was approved with the requisite majority of shareholders in the annual general meeting held on August 27, according to a statement.

Dilip Buildcon: The company received the appointed date (August 24) for Saoner-Dhapewada, EPC project in Maharashtra from the National Highways Authority of India.