CNBC-TV18's top stocks to watch out for on December 12

SUMMARY

The Indian market is likely to open higher on Thursday following gains in Asian peers after the US Federal Reserve kept the interest rates unchanged and indicated no rate hike in 2020. Investors will await the domestic retail inflation and IIP data to be released later today. At 7 am, the SGX Nifty was trading 37 points or 0.31 percent higher at 11,986.00, indicating a positive start for the Sensex and Nifty50. Among the stocks in the news today, Maruti Suzuki and Federal Bank tied-up for dealer finance and customised auto retail financing solutions while Cadila launched an affordable oral anti-diabetic tablet.

By CNBC-TV18Dec 12, 2019 7:32:02 AM IST (Updated)

Maruti Suzuki Ltd: The largest passenger car manufacturer has tied-up with Federal Bank to provide dealer finance and customized auto retail financing solutions to customers.

Bharat Petroleum Corporation Ltd (BPCL): Credit rating agency Moody’s has changed the outlook from Baa2 (Stable) to Baa2 (Negative) for senior unsecured debts-foreign currency. CRISIL has placed long-term rating of AAA (Stable) for NCD. CARE has placed long-term rating of AAA (Stable) for NCD.

Vodafone Idea Ltd: The telecom operator denied reports about negotiations taking place with Brookfields or Edelweiss to sell optic fibre business and data centre.

Cadila Healthcare Ltd: Zydus Cadila has launched affordable oral anti-diabetic tablet Vinglyn (Vildagliptin) and Vinglyn M (Vildagliptin plus metformin) at Rs 4.95 per tablet. (Stock Image)

Cipla Ltd: Avenue Therapeutics, a company focused on the development of intravenous (IV) tramadol for the US market, announced that it has submitted a New Drug Application (NDA) to the US Food and Drug Administration (FDA) for IV tramadol for the management of moderate to moderately severe pain in adults in a medically supervised health care setting.

Magma Fincorp Ltd: The company issued NCDs worth Rs 350 crore on private placement basis with a view to raise debt for its ongoing business operations including expansion and growth of its micro, small, medium enterprises loan portfolio.

Prakash Industries Ltd: The company has been declared as a successful bidder for Bhaskarpara Coal Mine in Chhattisgarh. Availability of coal from the Bhaskarpara Coal Mine will substantially enhance the operating margins of the company, it said. (AP Photo)

West Coast Paper Mill Ltd: India Rating and Research has affirmed long-term issuer rating at 'IND AA-' with 'Stable' outlook.

Akash Infraprojects Ltd: The company has received work order worth Rs 12.57 crore from the Office of the Executive Engineer, National Highway Division, Ahmedabad.

Vardhman Special Steels: Rating agency CRISIL has re-affirmed the credit rating for long-term and short-term bank loan facilities and for commercial papers.

RSWM Ltd: The board approved the issuance of fully paid-up equity shares of the company for up to an aggregate amount not exceeding Rs 1,500 million by way of the rights issue.