CNBC-TV18's top stocks to watch out for on January 9

SUMMARY

The Indian market is likely to open in the green on Thursday after US President Donald Trump’s comments on the Iran conflict eased worries and improved risk appetite. At 7 am, the SGX Nifty was trading 78.50 points or 0.65 percent higher at 12,147.00, indicating a positive start for the Sensex and Nifty50. Among the stocks in the news today, Bharti Airtel launched QIP worth $2 billion while Vedanta approved raising up to Rs 2,000 crore via NCDs. Here are the top stocks to watch out for today:

By CNBC-TV18Jan 9, 2020 8:42:37 AM IST (Updated)

Bharti Airtel: The telecom service provider launched its qualified institutional placement (QIP) worth $2 billion at an indicative price of Rs 435 per share. The company also approved the issue of foreign currency convertible bonds of an aggregate amount of up to $1 billion under applicable laws.

Alembic Pharmaceuticals Ltd: Aleor Dermaceuticals Ltd., a 60:40 Joint Venture between the company and Orbicular Pharmaceutical Technologies, has completed United States Food and Drug Administration (USFDA) inspection at its formulation manufacturing facility located at Karakhadi, Gujarat, without any observations. The inspection was carried out from January 6 to 8, the company said.

State Bank of India: The state-run largest lender launched 'Residential Builder Finance With Buyer Guarantee (RBBG)', to focus on affordable housing. RBBG will focus on affordable housing segment with a home price of up to Rs 2.5 crore in seven Indian cities initially. Under this product, all reputed builders fulfilling the prescribed criteria by the bank can avail loan between Rs 50 crore to Rs 400 crore.

Sunteck Realty: The real estate developer entered into MoU with State Bank of India for Residential Builder Finance with Buyer Guarantee (RBBG).

Vedanta Ltd: The company said that its committee of directors has approved raising up to Rs 2,000 crore via non-convertible debentures (NCDs).

Sadbhav Infrastructure Project Ltd: The company said that the board of IndInfravit Trust has approved the preferential allotment of up to 18.88 crore units at Rs 116.75 per unit aggregating to Rs 2,204.82 crore. The board has also approved a preferential issue of up to 6.21 crore units at a price of Rs 116.75 per unit to SIPL for consideration other than cash, subject to the approval of unitholders of IndInfravit Trust.

Strides Pharma Science: The board has appointed R Ananthanarayanan as Chief Executive Officer and Managing Director of the company effective January 9. He will succeed Arun Kumar, founder and the incumbent CEO and MD of the company.

JSW Energy: CARE Ratings assigned the rating of 'AA-/Credit Watch with Negative implications'' for the company's Rs 300 crore Non-Convertible Debenture (NCD) issue. Further, the ratings on the outstanding NCDs are re-affirmed at 'CARE AA-/Credit Watch with Negative implications', the company said.

HFCL: The company announced acquisition of 15 percent stake in networking and cybersecurity company Nivetti Systems for Rs 15.95 crore. This acquisition would help the company to competitively address networking business in Telecom, IT, Safe and Smart Cities and Surveillance verticals, it said.

Aster DM Healthcare: Board of Directors of the company will consider a proposal of share buyback in a meeting scheduled today.

CSB Bank: The bank appointed BK Divakara as CFO w.e.f. February 5.