Stocks in Focus on July 20: Yes Bank, Muthoot Finance to Vodafone Idea; here are the 5 Newsmakers of the Day

Domestic stocks markets closed with strong gains on Friday, July 17, 2020, extending their winning streak for the third consecutive session. Positive global cues supported buying in domestic shares. The barometer S&P BSE Sensex surged 548.46 points or 1.50% at 37,020.14. The Nifty 50 index jumped 161.75 points or 1.51% at 10,901.70. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, July 20, 2020. List of such five stocks:

AGR Case: The Supreme Court is expected to hear adjusted gross revenue (AGR) case on Monday, July 20. Bharti Airtel/Vodafone Idea in focus.

Yes Bank: The private lender managed to close its follow-on-public offer (FPO) with 95% subscription on Friday. The bank received subscriptions for shares worth Rs 14,267 crore in the FPO, at the lower end of the price band of Rs 12-13 per share. The QIB portion of the issue was subscribed 1.4 times. The portion reserved for the retail investors was subscribed 0.47 time, while the portion set for High Net Worth Individuals (HNI) was subscribed 0.63 tomes and employees was 0.33 times. A discount of Rs 1 per equity share to successful eligible employees bidding in the employee reservation portion.

Muthoot Finance: Muthoot Finance board on Saturday decided to put in abeyance the proposal for a stock split in view of the current economic situation caused by the coronavirus, COVID-19, pandemic. The non-banking finance company on July 3 had informed about its proposal for a stock split.

Vodafone Idea: The telecom company on Saturday said that it has paid an additional Rs 1,000 crore toward Rs 58,000 crore it owes as adjusted gross revenue (AGR) dues. This was the third tranche of payment made by the company taking the total amount paid to the government so far to Rs 7,854 crore. The Company had earlier deposited Rs. 6,854 crores in 3 tranches.

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Mangalam Organics: Ace investor and billionaire Radhakishan Shivkishan Damani has acquired equity stakes in the company. As per June shareholding pattern, RK Damani holds 2.17% equity shares in the company.