Top stocks to watch out for on July 16: DHFL, Ashok Leyland, HDFC Bank, ABFRL, Union Bank

SUMMARY

Indian shares are likely to open little changed on Tuesday, tracking muted global cues, amid caution ahead of key June-quarter earnings and the US Federal Reserve meeting at the end of this month. Asian shares traded marginally higher ahead of US retail sales and corporate earnings. At 7.20 AM, the SGX Nifty futures traded 7.5 points, or 0.06 percent, lower at 11,579, indicating a muted start for the Sensex and the Nifty 50. On Monday, the S&P BSE Sensex and NSE’s Nifty 50 gained, led by IT stocks.

By CNBC-TV18Jul 16, 2019 7:30:03 AM IST (Published)

Dewan Housing Finance Ltd: Auditors have sought more information from DHFL’s management on the company’s financial statements, sources told PTI.

HDFC Bank: The board will consider on July 20 declaration of a special interim dividend to commemorate 25 years of HDFC Bank's operations.

Tata Metaliks: Its profit after tax (PAT) fell by over 35 percent to Rs 19.62 crore during the quarter ended June 30. Total income was however higher at Rs 503.43 crore as compared to Rs 469.02 crore in April-June 2018.

Union Bank of India: The Reserve Bank of India has imposed a penalty of Rs 10 lakh on Union Bank of India for non-compliance with the directions on cyber security framework.

NTPC: The state-owned power giant raised Rs 4,300 crore through bonds, which would be used for capital expenditure and general corporate requirement.

Greaves Cotton: The engineering firm has acquired an additional 13.89 percent stake in its e-mobility subsidiary Ampere Vehicles for Rs 38.5 crore by way of primary and secondary share purchases.

Ashok Leyland: Ashok Leyland: The company's plant at Pantnagar will remain closed from July 16 to July 24, owning to weak demand and outlook for the industry.

Aditya Birla Fashion and Retail Ltd: ABFRL said it will acquire a 51 percent stake in Indian fashion designers duo Shantanu & Nikhil's apparel firm Finesse International Design. (Stock Image)

Brigade Enterprises: The company has recommended issuing bonus shares in the ratio of 1:2 and to issue 42.75 lakh warrants convertible into 42.75 lakh shares at Rs 269 per share to the promoter group.

Shriram Transport Finance: The NBFC is planning to raise up to Rs 10,000 crore by issuing non-convertible debentures. The first tranche will open for subscription on July 17 and close on August 16.

Q1 Earnings: HDFC Asset Management Company, TV18 Broadcast, Network18 Media & Investments, Next Mediaworks, Federal Bank, Agro Tech Foods, DCB Bank, 5Paisa Capital, Jay Bharat Maruti, Vikas Multicorp. (stock image)