Stocks To Watch Today

Stocks to watch in trade today:

Bandhan Bank: RBI removed regulatory restriction after promoter diluted stake. The regulator has removed restrictions on approval for outlets. It has also lifted restrictions on CEO’s pay.

Telecom stocks: Supreme Court adjourns telecom dues case to Aug. 19.

RBL Bank to consider raising of funds by issuing equity shares on a preferential basis on Aug. 20.

Delta Corp: Temporary suspension of operations has had an impact on the revenue of casino and hospitality business but the online skill gaming business continues to operate and grow, the company said. Normalcy could be gradually restored during the financial year ending March 2021.

Triveni Engineering: Approved Rs 65 crore buyback through the tender offer process at a price of Rs 105 per share.

DCB Bank: RBI approved the re-appointment of Nasser Munjee as Non-Executive Part-Time Chairman, for a further period of one year from Aug. 19, 2020.

Reliance Communications lawyer says UV ARC plans to take over company and monetise assets. Lenders to get Rs 15,140 crore of bonds redeemable in 3-5 years. (Source: Bloomberg)

SBI Cards raises Rs 500 crore via 5.75% 2023 bonds.

Canara Bank to exercise the call option for the redemption of 8.62% unsecured redeemable subordinate non-convertible upper tier-II bonds series III amounting to Rs 1,000 crore subject to approval from RBI. Sets Aug. 28 as the record date for the purpose of ascertaining the name of bondholders eligible to receive the interest or principal due on the bonds.

SEBI has imposed a penalty aggregating to Rs 10 Lakh on State Bank of India for non-compliance of mutual fund regulations with the directions issued by the SEBI in the case of holding, more than prescribed limit, equity shares of UTI AMC Ltd and UTI Trustee Company Pvt. Ltd.

Tata Steel fixes Aug. 28 as the record date for redemption of commercial papers worth Rs 1,150 crore.

ICRA Ratings assigned AA- rating to Punjab National Bank's Base III Compliant Tier II bonds and Basel II compliant lower Tier II bonds. Revises outlook to stable on Basel III compliant tier II bonds and infrastructure bonds.

Delhi High Court directs that placing Reliance Home Finance and Reliance Commercial Finance in the category of "Fraud" shall be kept in abeyance. No step prejudicial to the interest of the company shall be taken till the next hearing on Sept. 29, 2020. A writ petition was filed by the company challenging the wrongful action of Bank of Baroda, the lender and lead bank of the consortium, of classifying the company's account as fraud.

Quess Corp to disinvest 100% stake in its wholly-owned subsidiary Dependo Logistics Solutions Private Limited in an all-cash deal. The transaction is expected to be completed by Aug. 20.