Today Stocks News: IndusInd Bank, Infosys, YES Bank, Tata Steel, All cargo Logistics and Bandhan Bank.
Domestic benchmark indices are likely to edge
higher, tracking overnight gains in US stocks, ahead of the start of the
earnings season. Here are a few stocks, which may buzz the most in today's
session:
IndusInd Bank: Analysts believe while recognition of
non-performing loans by companies under the IL&FS group would begin across
banks, IndusInd Bank may take the biggest hit. This could put pressure on the
lender's net interest margin (NIM).YES Bank: Some large investors are said to have accumulated shares of Yes Bank in the run-up to the lender's board meeting on Wednesday when the name of the new managing director and CEO is expected to be announced.
Infosys: The IT major said its board will consider a buyback and payment of special dividend, among other proposals, at its meeting on January 11.
Tata Steel: Tata Steel is said to be in talks with China’s second-largest steel producer, the Hesteel group, for the sale of its assets in South East Asia where the country’s oldest maker of the alloy bought mills in 2005.
Tata Motors: The India operations of Jaguar Land Rover saw a 16% increase in sales during 2018, giving a much-needed respite to the Coventrybased company amidst global sales slowdown. It sold 4,596 vehicles in the country last year.
Vedanta: The SC refused to stay a National Green Tribunal order, paving the way for reopening Sterlite Copper’s plant in TN, subject to approval by pollution control authorities. The plant was closed seven months ago, following violent protest.
