CNBC-TV18's top stocks to watch out for on March 18

SUMMARY

Volatility has been the name of the game on Dalal Street in the last few days. At 7:00 am, the SGX Nifty is trading 85.40 points or 0.96 percent higher at 9,001.00, indicating a positive start for the Sensex and Nifty50. Overnight, Wall Street jumped after Monday's historic sell-off as the Dow Jones Industrial Average rose 1,048.86 points, or 5.2 percent on hopes of a Fed stimulus as the world grapples with the coronavirus pandemic. Asian stocks are trading mixed however as the Dow Futures is down more than 500 points.

By CNBC-TV18Mar 18, 2020 7:43:49 AM IST (Updated)

Wipro: The IT major has implemented core banking solution for Canara Bank sponsored Regional Rural Bank (RRB).

Yes Bank: The Reserve Bank of India (RBI) will lift the moratorium imposed on the Yes Bank today from 18:00 hours IST and the bank will resume its full services.

Mahindra & Mahindra (M&M): The company has signed an agreement for subscribing to around 5 percent of the share capital of Algeria based Eurl LD Azouaou. The Algerian company is engaged in the business of tractor assembly and distribution in Algeria. The deal will help M&M enter Algerian farm equipment market with Eurl LD as the distributor.

HCL Technologies: The company has announced the latest version of HCL Appscan, a pioneering product in application security testing, to be generally available in April 2020. AppScan is a single solution for automated application security testing and management activities.

Avenue Supermarts: The company has redeemed 1,000 secured rated unlisted redeemable non-convertible debentures of Rs 100 crore.

RBL Bank: The board of the bank has approved payment of interim dividend of Rs 1.50 per share for the financial year 2019-20.

Escorts: The company’s board meeting on March 20 will consider and approve a proposal for issue and allotment of equity shares by way of a preferential allotment.

Reliance Naval & Engineering: The company has received a termination and evacuation notice dated March 16, 2020 from Gujarat Pipavav Port Ltd for termination of sub-concession agreement executed for land parcels.

Vakrangee: The company has introduced vHealth by Aetna primary care services through its network of Vakrangee Kendras.

Manappuram Finance: The company will hold a board meeting on March 20 to consider issuance of Non-convertible debentures (NCD).

Take Solutions: CARE Ratings has reaffirmed Take Solutions’ issuer rating at AA- with a stable outlook.