Check Out the Stocks Today [04-12-2020]

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

  • PSU Banks in focus as Fitch affirmed Bank of Baroda, Bank of India, State Bank of India and Punjab National Bank’s IDR rating at BBB-, with Negative outlook. Fitch also affirmed IDBI Bank’s IDR rating at BB+ with Negative outlook, but upgraded viability rating to ‘ccc+’.

  • Granules India received approval from USFDA for generic of Cuprimine, Penicillamine capsules.

  • UK-based Standard Life Aberdeen reportedly has sold 1.37 per cent stake in HDFC Life Insurance Company for Rs1,703.2cr.

  • Bharti Airtel adds 3.77 million new customers in September while Reliance Jio adds 1.46 million. Vodafone Idea looses 4.65 million subscribers.

  • Moody’s has downgraded the Vedanta Resources’ Corporate Family Rating to B2 from B1.

  • SBICAP Trustee Company acquired 40 lakh shares of Adani Enterprises.

  • SBICAP Trustee Company acquired 6 lakh shares of Adani Ports And Special Economic Zone.

  • Orient Cement enters into a share purchase agreement to acquire 26% stake in AMPSolar Systems for putting up a solar power plant with a capacity of 13.5 MW, under the captive scheme.

  • Mindspace Business Parks REIT to consider fund raising up to Rs200cr via debentures on a private placement basis on December 8.

  • Fitch Ratings has affirmed Bank of India’s Long-Term Issuer Default Rating at BBB-, with a Negative Outlook.

  • India Ratings & Research has affirmed A1+ rating for issuance of GHCL’s Commercial Paper of Rs100cr.

  • Birla Corporation has approved the allotment of 1,500 secured, unlisted, redeemable, Non-Convertible Debentures of Rs10 lakh each aggregating to Rs150cr on private placement basis.

  • CRISIL assigns FAA+/stable rating for the AU Small Finance Bank’s fixed deposit program worth Rs40,000cr.

  • Fitch Ratings has affirmed Punjab National Bank’s Long-term Issuer Default Rating at BBB-, with a Negative Outlook.