Stocks that are likely to record significant movement on bourses today
JSW Steel: The crude steel production for the month of November 2020 was at 13.32 lakh tonnes, showing a growth of 3 per cent YoY. The average capacity utilisation was 89 per cent during the month of November 2020. The shortage of iron ore remained a constraint in November 2020 to achieve higher capacity utilisation.
TCS: TCS launches a new blockchain-based digital bank guarantee platform in Israel: Bank Hapoalim is the first to sign up.
Dr Reddy’s: US-based Exelixis, Inc and Dr Reddy’s wholly-owned subsidiary, Aurigene announced that Exelixis has exercised its exclusive option for Aurigene’s novel CDK7 inhibitor under the companies’ July 2019 agreement. Also, it files investigational new drug applications for the phase-1 clinical trials in advanced solid tumors.
Indian Bank: The bank has successfully raised tier 1 capital fund through a private placement of Basel III compliant AT 1 perpetual bond, aggregating to Rs 1,048 crore.
Yes Bank: Brickwork Ratings upgraded the rating of tier I subordinated perpetual bonds (Basel II) to BWR BB+/ Stable.
Sms Pharma: SMS Pharma's promoter Potluri Infra Projects LLP pledges 8 lakh (0.95 per cent) equity shares in the favour of Vistra ITCL India Limited.
Vascon Engineers: Vascon Engineers Limited receives a work order amounting to Rs 37.74 crore.
PVR: CRISIL has reaffirmed its rating on the long-term bank facilities and debt programmes of PVR Limited (PVR) at CRISIL AA/Negative.