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Stocks in the news: YES Bank, HUL, Glenmark Pharma, Dabur India and India Cements

Radico Khaitan has said the company will start manufacturing hand santizer from its Rampur distillery.

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Last Updated: Mar 24, 2020, 08.11 AM IST
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BHEL will run only essential services at its plants and offices till March 31.
NEW DELHI: Nifty futures on the Singapore Exchange traded 349.25 points or 4.67 per cent higher at 7,828.75, indicating a gap-up start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Hindustan Unilever, Glenmark Pharma: Leading FMCG player Hindustan Unilever announced the acquisition of female intimate hygiene wash brand VWash from pharma major Glenmark Pharmaceuticals for an undisclosed sum.

Radico Khaitan: Liquor maker Radico Khaitan has said the company will start manufacturing hand santizer from its Rampur distillery amidst the coronavirus outbreak.

YES Bank: The private lender said its board will consider a proposal to raise funds via equity and bonds, at its meeting later this week.

Dabur India: The homegrown FMCG major announced suspension of its manufacturing operations across India, excluding essential items such as Ayurvedic medicines, and hand sanitisers.

IndusInd Bank: The private sector lender said Sumant Kathpalia, who has been designated as managing director and chief executive, will take over the reins from veteran Romesh Sobti, who has retired after completing his mandated tenure.

Castrol India: The company said it has decided to suspend operations in all its manufacturing plants with immediate effect until further notice due to spread of the coronavirus pandemic.

Cummins India: The company said that in view of the escalating COVID-19 situation and in compliance with government directives, the company has decided to temporarily close its offices and factory operations across Maharashtra and offices at other locations across India effective from March 23 till March 31.

BHEL: The state-run engineering firm said the company will run only essential services at its plants and offices and has asked other employees' to work from home till March 31 amid COVID-19 outbreak.

Cochin Shipyard: The state-owned ship maker Cochin Shipyard said it has decided to stop building and repairing ships as part of its measures to contain the spread of deadly coronavirus.

Ujjivan Small Finance Bank: The lender said its independent director Luis Miranda has resigned from its board to abide by conflict of interest norms.

Amtek Auto: The company said it has decided to suspend operations at all their offices and manufacturing locations in the country from March 23 to March 31 to ensure the safety of employees and contain the spread of the coronavirus outbreak.

India Cements: The cement maker said it was shutting down operations at its plants across the country following the coronavirus pandemic.

Bharti Airtel: The telecom operator has written to its competitors Reliance Jio, Vodafone Idea, BSNL and MTNL for a roaming agreement to facilitate uninterrupted services to support work from home offered by almost all entities in the country amid the coronavirus outbreak.

Vodafone Idea, PVR: Vodafone Idea, Indiabulls Housing Finance, Yes Bank, Jindal Steel & Power, Adani Enterprises, Just Dial, NCC, PVR and Punjab National Bank have been put in ban period as their open positions exceed the revised limits as per the latest SEBI circular, analysts said.

Omaxe: The realty firm said it has appointed Vineet Nanda as President – sales and operations. Nanda has served two other real estate companies - Central Park and M3M Ltd - before joining Omaxe, the company said in a statement.

TCS: India's largest IT services company Tata Consultancy Services' Global Head of IT Amit Jain passed away last week after a massive heart attack. Jain, 53, was based out of Mumbai. He suffered a cardiac arrest while he was at work, and was rushed to a nearby hospital. He passed away on March 19.



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Buy Glenmark Pharma, target price Rs 390: ICICI Securities

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