Top 10 stocks in focus today: Punjab National Bank, Reliance Communications, HCC
Punjab National Bank: Punjab National Bank has cut the marginal cost of funds based lending rate (MCLR) by 0.05-0.10 percentage points for December across maturities of various tenors.
Reliance Communications: Moody’s Investors Service downgraded Reliance Communications Limited corporate family rating and senior secured bond rating to B1 from Ba3.
PSU Oil stock: Oil marketing company hiked petrol prices by a marginal 13 paisa a litre while diesel rates were cut by 12 paisa in line with global trends.
Wipro: In a bid to sharpen focus on its core IT business, Wipro on Tuesday said it will sell its EcoEnergy division to Chubb Alba Control Systems for $70 million.
Tata Steel: The 55,000-tonne per annum (TPA) ferro-chrome plant set up by Tata Steel at a cost of Rs 542 crore in its Gopalpur Industrial Park in Ganjam district was opened by Chief Minister Naveen Patnaik on Wednesday.
Punj Lloyd: The company registered a standalone flat net loss of Rs 225.8 crore for the quarter ended September 30, 2016. It had posted a net loss of Rs 226 crore in the same quarter of previous fiscal.
Dilip Buildcon: The company will announce its Q2 numbers today.
Auto stocks in focus: Today auto stocks will be in focus today as November sales data will be announced.
Hindustan Construction Company: Infrastructure major Hindustan Construction Company (HCC) said it will receive arbitral award payment of approximately Rs 2,000 crore from NHPC and NHAI Ltd within 4-6 weeks.
South Indian Bank: The private sector lender said, it has cut the MCLR in range of 0.05 to 0.3% for a select maturity period.
RBL Bank: RBL Bank has received in-principle approval from RBI to open global financial services centre at GIFT City.