Stocks in news 26.02.2019

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Market Live: Indices extend losses with Sensex falling over 450 pts, Nifty below 10,750 dragged by PSU banks, All the sectoral indices are trading in red led by metal, auto, bank, pharma and energy


Here are stocks that are in the news today:

Results on February 26: Richa Industries, Sanofi India, Elantas Beck, Shailja Commercial

Emco: Sanjay Bhatnagar tenders his resignation as Independent Director and resigned from all memberships of committees of company.

Lupin: Company receives USFDA approval for Methylprednisolone tablets.

Mastek: IDFC AMC Limited (investment manager of IDFC Mutual Fund) through its various schemes additionally acquired equity shares in company to the extent of 0.0225 percent which has resulted in holding upto 5.0223 percent of the paid up capital of the company.

HIL: India Ratings & Research assigned long term credit rating as AA- with stable outlook for loan facilities worth Rs 276 crore:
Antel and Tata Communications build new cloud-based network for mobile and IoT providers.

Corporation Bank board has approved the proposal of capital raising plan to the extent of Rs 12,500 crore

Bharat Forge clarified that it has signed a Memorandum of Understanding (MoU) with Bharat Electronics (BEL) on February 21, 2019 at Aero India Show, 2019, Bengaluru

Indostar approved issue of NCD worth Rs 150 crore on private placement basis

Bliss GVS board approved the increase of Foreign Portfolio Investors/Foreign Institutional Investors limits from 24% to 74% in the compa

Lakshmi Vilas Bank: Brickwork Ratings India revised the rating from BBB+ to BBB- (Credit watch with Developing Implications) for unsecured redeemable non-convertible subordinated lower Tier II Bonds - Series VII (Option B) of Rs 50.50 crore.

Hi-Tech Gears: Vijay Mathur has tendered his resignation from the post of Chief Financial officer. However, he will continue to act as Senior General Manager (Finance). Dinesh Chand Sharma has been elevated to the post of Chief Financial Officer.

Corporation Bank: Board approved the proposal of capital raising plan to the extent of Rs 12,500 crore by way of either issue and allotment of equity shares on preferential basis or by way of additional tier 1 Bonds or Tier II Bonds or follow on public issue or rights issue or qualified institutions placement or issue and allotment of equity shares on preferential basis to Government of India or debt issue or in combination of these thereof.

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