The RBI said it has slapped a penalty of Rs 7 crore on the country's largest bank SBI for non-compliance with norms related to NPA identification and fraud risk management, among others. Moreoverb the consolidation phase of the stock may lead to breakout.
Auditors of crisis-hit DHFL have sought more information from the company's management.
The company said its profit after tax (PAT) fell by over 35 per cent during the quarter ended June 30, 2019.
Aditya Birla Fashion and Retail:
ABFRL said it will acquire a 51 per cent stake in Indian fashion designers duo Shantanu & Nikhil's apparel firm Finesse International Design. Hence ,here is expectation of major movement in the stock.
The company told the National Company Law Tribunal that the company is not backing out from the ongoing resolution process of Bhushan Power & Steel.
Shriram Transport Finance Company:
STFC said it plans to raise up to Rs 10,000 crore through public issuance of bonds.
Technically, the stock is recently trading above its resistance level, hence good expectation of movement.
Private lender YES Bank’s bid to bring in an equity investor is likely to materialise soon. Sources said the bank received the term sheet offer over weekend from a US-based private equity investor.
Board will ruminate over the decision of proving special dividend on July 20. Technically, the range bound movement of the afore mentioned stock indicates a good movement in near future.
PTC India Financial Services:
CRISIL assigned provisional rating for company's NCDs at AA+(SO) with stable outlook.This fundamental news may lead to considerable movement in the stock.
Apollo Hospitals Enterprises:
Promoters have pledged 4.31 percent stake in company on July 12. This may lead to good volume expected in the underlying stock.