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Stocks to watch: RIL, Wipro, PNB, Shankara Building, YES Bank, Power Grid

Here's a look at the top stocks that may remain in focus today.

SI Reporter  |  New Delhi 

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

At 08:16 AM, Nifty futures on the Singapore Exchange (SGX) were trading 28 points or 0.26 per cent higher at 10,885.50, indicating a positive start for the Indian market on Thursday.

Here's a look at the top stocks that may remain in focus today -

Wipro: The IT services company on Wednesday said it has bagged an IT outsourcing contract worth around $300 million (around Rs 2, 200 crore) from ICICI Bank under which it would provide a comprehensive suite of services to the lender.

PNB: Global rating agency Moody's on September 4 upgraded the outlook on Punjab National Bank (PNB), which will merge OBC and United Bank of India with itself, to 'positive' from 'stable'.

Reliance Industries (RIL): The company's telecom arm Reliance Jio is slated to launch optic fibre-based Jio Fibre broadband service today. Jio is targeting 35 million subscribers within the first year of commercially operationalising the broadband business. READ MORE

Banks, Jet Airways: Creditors of India's bankrupt Jet Airways are likely to recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, Reuters reported. That apart, the resolution professional (RP) of Jet Airways has shortlisted South America-based Synergy Group and Russian fund RA Treasury from the three expressions of interest (EoI) that were submitted for the revival of the defunct airline, Business Standard reported.

Shankara Building: India Ratings and Research (Ind-Ra) has downgraded Shankara Building's (SBPL) long-term issuer Rating to ‘IND A-’ from ‘IND A’. The outlook is Stable.

YES Bank has settled a case pertaining to ‘selective disclosure’ of assets quality with market regulator Securities and Exchange Board of India (Sebi). The private sector lender settled the matter under the so-called consent mechanism paying Rs 51.6 lakh as settlement charges. READ MORE

ICICI Lombard has entered into a strategic tie up with Standard Chartered Bank, which will provide the bank's customers access to the insurer's portfolio of comprehensive protection solutions.


Power Grid Corporation has been declared as the successful bidder to establish transmission system for Intra-State Transmission Work associated with construction of 400 kV Substation near Guna, Madhya Pradesh).

NMDC: The company's production of iron ore slipped over 3 per cent to 1.41 million tonnes against 1.46 million tonnes in the year-ago period.

First Published: Thu, September 05 2019. 08:18 IST
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