CNBC-TV18's top stocks to watch out for on September 13

SUMMARY

Indian shares are likely to open little changed on Friday, as investors may take a breather after strong gains earlier this week. Domestic equities have advanced in five out of six trading sessions. Meanwhile, Asian shares rose as hints of progress in the US-China trade dispute and aggressive stimulus from the European Central Bank lifted market sentiment. At 7:05 AM, the SGX Nifty Futures traded higher by 0.05 percent, or 5 points, at 10,996.50, indicating a flat start for the Sensex and the Nifty. Here are the stocks you need to watch out for in today's trade:

By CNBC-TV18Sept 13, 2019 7:23:06 AM IST (Updated)

Oriental Bank of Commerce: CARE Ratings has revised the rating outlook of Tier I & Tier II Bonds from 'Stable' to 'under credit watch with developing implications.

Powergrid: The company has been declared as the successful bidder under tariff-based competitive bidding to establish Inter-State Transmission system from Rajasthan SEZ.

Sintex Industries: The company defaulted on the interest amount of Rs 3.03 crore on Sep 11.

L&T Finance: Board meeting on Sep 17 to consider approval of issue of funds upto Rs 150 crore.

Gravita India: Subsidiary enhances production capacity of its lead recycling plant situated at West Africa from 6000MTPA from 12000MTPA.

Punjab National Bank: CARE rating has placed the ratings on credit watch with developing implications.

Biocon: Biocon licenses three generic formulation products to China Medical System Holdings. It's a 10-year agreement and the total addressable market is $0.8 billion.

Dr Reddy's Labs: The company's Formulations Manufacturing Plants at Duvvada, Visakhapatnam has now received an EIR from the US FDA.

Sical Logistic: ICRA has downgraded the ratings to [ICRA] D / D From [ICRA] BB+ [Negative].

Corporation Bank: CARE Ratings Ltd. has revised the credit ratings of the Bank's Debt Instrument to CARE A+ AND outlook placed on credit watch with developing implications.

Infibeam Avenues: The company will separate its SME e-commerce services unit to Suvidha Infoserve, with Suvidhaa issuing 197 shares for every 1500 shares.