Share Market News August 16: SBI, PNB, M&M, CIL, Bharti Hexacom, Vedanta, HZL, other stocks to track on Friday
Share Market News August 17: Here is a list of stocks that are likely to be in focus on Friday, August 16, including SBI, Mahindra & Mahindra (M&M), Vedanta Ltd, Hindustan Zinc Ltd (HZL), Punjab National Bank (PNB), Coal India Ltd (CIL), Bharti Hexacom, Capital Small Finance Bank, Container Corp, Elixir, Macrotech, and Page Industries.
35+ stocks scheduled to trade ex-dividend on Friday
More than 35 stocks are slated to trade ex-dividend on August 16, including Godrej Consumer Products, Coal India, Container Corporation, Bata India, Bharti Hexacom, Capital Small Finance Bank, Elixir Capital, Gland Pharma, Page Industries, Thyrocare, and Thomas Cook.
Vedanta, HZL in focus
Vedanta to now offload up to 3.17 per cent in HZL instead of the 2.60 per cent earlier.
The issue is scheduled to open for non-retail investors on August 16 and for retail investors on August 19.
SBI has hiked its MCLR by 10 bps across maturities.
Also, hit by a surprising decision by the Karnataka government to stop all transactions with them, SBI and PNB have engaged with the state for an "amicable resolution" on the matter. In the first official comments after the Karnataka government decision, the state-run lenders have issued separate statements saying the matter at the root of the problem is sub judice.
M&M rolls out Thar Roxx
Auto major M&M has launched a five-door avatar of its Thar SUV, known as Thar ROXX, at a starting prices of Rs 12.99 lakh and Rs 13.99 lakh for petrol and diesel variants, respectively.
Glenmark Pharma in the spotlight
The drug maker has reported a set of results that are in line with analysts' expectations.
4 companies to report results
As the earnings season draws to a close, four corporates are slated to release their quarterly earnings reports on Friday: BHEEMACEM, RAPIDIN, SIPTL, and SVRL.