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

SUMMARY

Indian shares are likely to open in the green on Monday, tracking gains in Asia, as investors pinned expectations on likely stimulus to support growth in the world’s major economies. Global markets advanced on China's new stimulus and after Friday’s soft US jobs report raised expectations for a Federal Reserve rate cut. At 7:05 AM, the SGX Nifty Futures traded higher by 0.25 percent, or 27 points, at 10,986.50, indicating a positive start for the Sensex and the Nifty. Here are the stocks you need to watch out for in today's trade:

By CNBC-TV18Sept 9, 2019 8:22:27 AM IST (Updated)

Coffee Day Enterprises: The coffee maker is planning to sell the entire promoter stake and assets of Sical Logistics to pare debt, reported LiveMint citing three people directly aware of the matter.

Eveready Industries: Duracell Inc., owned by Warren Buffett's Berkshire Hathaway is set to acquire BM Khaitan's flagship Eveready Industries' battery and flashlight business in a slump sale of Rs 1,600- 1,700 crore, reported The Economic Times in its report.

Aurobindo Pharma: The US arm of drug major Aurobindo Pharma is recalling 2,352 bottles of lipid-lowering Simvastatin tablets from the American market, the latest enforcement report of the US health regulator said.

Varun Beverages: PepsiCo India's bottling partner Varun Beverages on Saturday said it has raised Re 899.99 crore through qualified institutional placement (QIP). (Picture credits: Tropicana India, twitter)

Punjab National Bank: State-owned Punjab National Bank has put up for sale nearly a dozen non-performing assets (NPA) to recover dues of more than Rs 1,234 crore. The lender has invited bids from asset reconstruction companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts.

Equitas Holdings Ltd: EHL has proposed a new scheme of arrangement to list its small financing bank arm ESFB after being denied an extension to the listing deadline by the RBI as well as approval to reverse merger proposal by Sebi.Under the new scheme, EHL has proposed to capitalise free reserves of Equitas Small Finance Bank (ESFB) and issue shares of the subsidiary to its shareholders without cash consideration.

Bank of India: State-owned Bank of India (BoI) under its festive offer for retail products is offering home loans at concessional interest rate with no processing charges to woo customers. The bank has waived loan processing charges and will provide home loan at concessional rates, BoI general manager Salil Kumar Swain said.

Maruti Suzuki: Suzuki Motor India Pvt Ltd has decided to hold back its planned investments on capacity enhancement due to the ongoing slowdown in two-wheeler sales and expectation of a hit in the market by the transition to stricter BS-VI emission norm from BS-IV in April 2020, a senior company official told PTI. (Photo: REUTERS/Amit Dave/Files)

Reliance Industries Ltd: RIL is seeking a minimum price of $5.4 per unit for the natural gas it plans to produce from newer fields in the Bay of Bengal block KG-D6 as it changed parameters to suit government policies. (Photo: REUTERS)

NBCC: The company secured the business of Rs. 400 crore in the month of August, 2019. The work pertains to the Indian Institute of Management (IIM) Sambalpur for which NBCC would provide Project Management Consultancy for the development of permanent campus (Phase-1 works). (File Photo: IANS)

Shilpa Medicare: The USFDA inspected the company’s Finished Dosage Formulation Facility from August 29th to September 6th. Inspection concluded with two (2) observations. There were no repeat observations or Data Integrity (DI) related observations.

Avenue Supermart: The company has issued Commercial Paper of Rs 150 crore. (Avenue Supermarts (DMart) company image)