Top stocks to watch today— SBI, DLF, PNB Housing, Yes Bank, Ruchi Soya, Titan Company and more

BCCL
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Amid cautious cues from the global markets, Indian stock-market indices are likely to open in red on Thursday. At 7:45 am, the SGX Nifty was down 1% at 8.56 points pointing towards a lower start for Nifty50.

US stocks finished lower on Wednesday after the minutes from the Federal Reserve's July meeting raised concerns about economic outlook. The Dow Jones Industrial Average ended 0.31% lower at 27,692.88 points.

These are the stocks to watch out for during the trading session today:

State Bank of India
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State Bank of India (SBI) on Wednesday said it raised around ₹8,931 crore in a Tier-II bond sale, the biggest offering by India’s largest bank this year.

The bonds with a maturity of 15 years were raised at a coupon rate of 6.8%. The shares of SBI closed 1% higher yesterday.

DLF Ltd

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Realty major DLF and US-based property player Hines have secured a ₹2,600 crore loan from HDFC to construct a prime office complex in Gurugram. “The second joint venture between Hines and DLF has secured a construction loan of ₹2,600 crore from HDFC Ltd,” Hines said.

The shares of DLF closed nearly a percent higher yesterday.

PNB Housing Finance

PNB Housing Finance board on Wednesday approved raising up to ₹1,800 crore equity capital through a preferential or rights issue.
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The shares of PNB Housing closed 6% higher yesterday.

Yes Bank

Yes bank has exited CG Power & Industrial Solutions Ltd (CG Power) by selling its entire stake-holding in the company, the bank said on Wednesday.

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Yes bank has sold 6,34,00,000 equity shares having a nominal value of ₹2 each, constituting 10.12% of the share capital of CG Power in various tranches, last being on August 18, 2020, the private sector lender said in a regulatory filing.

The shares of Yes Bank closed 5% higher yesterday.

Ruchi Soya

Patanjali Group firm Ruchi Soya on Wednesday reported around 13% decline in its net profit to ₹12.25 crore for the first quarter ended June 30.
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It also announced the resignation of Acharya Balkrishna as managing director of the company.

The shares of Ruchi Soya closed 5% higher yesterday.

Titan Company

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The company in a release said that it is fully hedged with gold on lease and gold bought from stock markets. It said that the ineffective hedge loss due to mismatch in sales quantity would be reversed subsequently with a corresponding reversal of stock gain accrued in the first quarter ended June.

The shares of Titan closed 0.3% higher yesterday.

L&T Finance

L&T Finance Holdings will raise up to ₹200 crore by issuing bonds, offering 8 per cent interest to investors.
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The shares of L&T Finance closed almost flat yesterday.

Indian Overseas Bank, J Kumar Infraprojects, Accelya Solutions, HealthCare Global Enterprises

These companies are slated to report their first quarterly earnings today.
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