CNBC-TV18’s top stocks to watch out for on March 16
Yes Bank: The bank has posted a record loss of Rs 18,564 crores during the quarter ended December, compared to a profit of Rs 1,001.8 crores in the same quarter last year. It also posted an operating loss of Rs 6 crores for the quarter, compared to an operating profit of Rs 1,990 crores during the same quarter in FY19. Further, ICICI Bank, Axis Bank, Kotak Mahindra Bank, HDFC, Bandhan Bank, Federal Bank and IDFC First Bank to will invest Rs 3,950 crore in Yes Bank. (Image: IANS)Wipro: The company and PLEXIS Healthcare Systems have inked a global strategic partnership to accelerate digital transformation for healthcare payers. (Image: Reuters)Infosys: The IT major has completed the acquisition of Simplus, a leading salesforce consulting and platinum partner. (File Photo)RITES: The company has secured a consulting work award with fee income of Rs 60 crore from Kerala Government. The period of execution is likely to span over 21 months. (Image: Reuters)Indiabulls Housing Finance: The company has clarified that no CBI raid was carried out at Indiabulls Group or any of its offices. The CBI had raided Yes Bank offices at IBFC, Mumbai. The outstanding terms loans from Yes Bank to Indiabulls Housing Finance are zero, the company said.Wonderla Holidays: The company has decided to temporarily close the Bangalore Park till March 20, 2020 due to COVID-19 outbreak. This decision has been taken in accordance with the safety and pre-cautionary guidelines outlined by the state government to prevent and contain the spread of COVID 19, the company said.RCF: Rating agency ICRA has downgraded ratings on company’s bank facilities and NCD from ICRA AA Negative to ICRA AA- Stable due to weakening cost competitiveness and tightening of energy norms by the Government of India.Transformers and Rectifiers: The company has received an order worth Rs 130 crore for supply and service of transformers from Power Grid Corporation of India. (Image: Reuters)KDDL: The company’s subsidiary has closed operations of Ethos stores situated at Infinity Mall in Mumbai.Ind Swift Lab: The USFDA has cleared inspection at the company’s API manufacturing facility in Punjab without any 483 observations.
