Top stocks to watch out for on February 21: Vodafone Idea, Dr Reddy's Labs, RIL, Coal India

SUMMARY

The Indian market is set for a weak start on Thursday despite positive cues from Asian shares after further progress in US-China trade talks. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Feb 21, 2019 7:32:27 AM IST (Published)

Vodafone Idea Ltd: The company on Wednesday said that the auction of 5G spectrum should not be held before 2020 as the industry needs time to develop India-specific use cases for the next-generation technology, PTI reported.

Dr Reddy's Laboratories: The company on Wednesday announced the re-launch of its Buprenorphine and Naloxone Sublingual Film in the US market after a favourable court ruling.

Bank of Baroda: The board of directors of the bank, as per an exchange filing, have set March 11as therecord date for issuing and allotting equity shares of the bank to the shareholders of Vijaya Bank and Dena Bank.

JSW Steel: The company, in an exchange filing said, that credit ratings firm Moody's has changed the firm's outlook to positive and affirmed all ratings.

RIL, Vodafone Idea: Telecom subscribers in the country grew marginally to 119.7 crore in December with only two operators, RIL-run Reliance Jio and BSNL, reporting addition in their user base, according to a Trai report.Vodafone Idea lost the highest number of 23.3 lakh mobile subscribers but still continued to be the biggest telecom operator with total subscriber base of 42 crore.

YesBank: Moody's Investors Service, during markethours on Wednesday, affirmed Ba1 rating to Yes Bank but changed the outlook to stable from negative.

BPCL: The firm, inan exchangefiling said, it is planning to raise up to Rs 2,000 crore during the current financial year through private placement of unsecured non-convertible debentures subject to market conditions. (Reuters)

Coal India: Sebi on Wednesday exempted state-owned Coal India from complying with regulations with regard to its proposed buyback programme for 4.46 crore shares.

IL&FS: The Enforcement Directorate (ED) Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis and seized foreign currency worth Rs 6 lakh, officials told PTI.