The Indian markets are likely to open sharply lower on Friday tracking sell-off in global equities on fears of a prolonged world economic slowdown due to the coronavirus outbreak. Here are today's top buzzing stocks:
Yes Bank: Govt places bank under moratorium, limited withdrawals.
State Bank of India: The country’s largest lender has clarified that matter of Yes Bank was discussed in its board meeting and in-principle approval was given to explore investment in the bank.
Mahindra & Mahindra: February production falls 56 percent to 25,643 units while sales decline 43 percent to 30,083 units, YoY.
Lupin: The company has launched generic Vimovo tablets in the USA.
JSW Steel: Moody's has changed the outlook on company's ratings to Stable from Positive and affirmed Ba2 ratings. ICRA revised the long-term credit rating of the company to AA-.
Sagar Cement: Cement production for February falls 7.9 percent while sales decline 2.55 percent, YoY.
Pidilite Industries: The company has incorporated joint venture to carry on construction business using C-Techos Wall Tech.
Punjab National Bank: Board approved share exchange ratio for the merger with Oriental Bank of Commerce and United Bank.
CG Power & Industrial Solutions: NCLT has approved re-opening of books of accounts of the company for the past five years till March 31, 2019, on an application filed by the Ministry of Corporate Affairs.
Union Bank of India: Board approved share exchange ratio for the merger with Andhra Bank & Corporation Bank.