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    Stocks in the news: YES Bank, DMart, Infosys, BHEL, Tata Motors and Apollo Hospitals

    Synopsis

    BHEL said it is still grappling with uncertainties with regard to resumption of normal business operations.

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    Moody's Investors Service has upgraded YES Bank's long-term foreign-currency issuer rating to B3 from Caa1.
    Nifty futures on the Singapore Exchange traded 42points, or 0.38 per cent higher at 10,953.50, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today's trade:

    YES Bank: Moody's Investors Service has upgraded YES Bank's long-term foreign-currency issuer rating to B3 from Caa1 after the bank’s equity capital raise of Rs 15,000 crore. The outlook on the private lender’s ratings has been changed to stable from positive.

    Avenue Supermarts: The company, which runs the DMart retail chain, saw its online sales more than double during FY20 to Rs 354 crore despite operating only in Mumbai. The country's most valuable retailer by market capitalisation, however, widened its net loss by 36 per cent to Rs80 crore in the four-year old e-commerce subsidiary - Avenue E-Commerce.

    Infosys: The National Bank of Bahrain (NBB) has chosen Infosys Finacle to digitally transform its transaction banking business, the IT company said on Monday.

    Tata Motors: Tata Motors Chairman N Chandrasekaran said to the company's shareholders that the automaker was “charting out a disciplined growth path” by focussing on generating positive cashflows, reducing inefficiencies and investing in future product development.

    BHEL: State-run engineering major BHEL said it is still grappling with uncertainties with regard to resumption of normal business operations as rising COVID-19 infection cases have led to labour shortage and supply chain disruptions.

    Apollo Hospitals: Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft In Munchen sold its entire 1.72 per cent stake or 2,397,380 shares in Apollo Hospitals at Rs 1,600.43 per share.

    Gujarat Gas, PI Industries: Dixon Technologies, Godrej Consumer Products, Gujarat Gas, Marksans Pharma, Hikal, Neuland Laboratories, Tata Consumer Products, PI Industries: These companies are scheduled to announce their June quarter earnings on Tuesday.

    JSW Energy: Sajjan Jindal led-JSW Energy, one of the only private power utilities in India which was looking to expand its thermal power capacity through acquisitions has pulled the plug on the plan and aims to focus on renewable energy only, after calling off the deal to buy an asset from GMR.

    Kansai Nerolac: The paints maker reported a 79.42 per cent decline in consolidated net profit at Rs 29.64 crore for the first quarter ended June 30, on account of lower income.

    Bank of India: State-owned Bank of India is planning to raise Rs 7000-8000 crore in combination of equity and bonds to boost capital even as it steps up recovery to improve earnings.

    Kirloskar Electric: Kirloskar Electric Company on Monday said uncertainty in its operations on account of COVID-19 pandemic continues due to lockdown in various places.

    GMR Infrastructure: The infra firm is working on disinvestment of non-core assets including land and hopes to yield "significant value" even from 50 per cent of land monetization, PTI reported.

    Century Plyboards: The company announced the use of nano technology in manufacturing of its plywood and laminate products. The highly activated and energized nanoparticles physically rupture and kill viruses coming in contact with it.


    Image article boday




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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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