Top 5 stocks in focus on August 17: Axis Bank, PSBs to AstraZeneca, here are the 5 newsmakers of the day

The Indian stock markets on Thursday closed in negative zone. Sensex shed 188 points and Nifty50 50 points. But, there were certain stocks that came in news due to certain reasons after the market was closed for trading for the day and can have an impact on the market after it is reopened for trading today, on August 17, 2018. Here is the list of five such stocks: 

Axis Bank: The private lender has decided to sell 12 non-performing assets (NPAs) worth Rs 1,000 crore to Asset Reconstruction Company (ARC) by end of August 2018. 

Public Sector Banks (PSBs): PSBs will remain in focus today because the government has asked the Reserve Bank of India (RBI) to consider diluting the  Prompt Corrective Action (PCA) framework to ensure regulatory sanctions against PSBs are lifted swiftly. The framework was aimed at maintaining the sound financial health of banks. 

Gati Ltd/Allcargo Logistics: Management of Gati in its clarification to BSE has said that Allcargo Logistics’ buyout plan has not been finalised and the company is still evaluating opportunities. In its filing to the exchange, the company said the news item is a rumour based information and hence the disclosure under the above Regulation does not arise to be made to the stock exchanges. 

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Ratnamani Metals & Tubes: The company has announced that it has bagged orders aggregating to Rs 125 crore recently from GAIL for the supply of 24-inch diameter pipes for the 108km long Barauni—Guwahati segment of the Jagdishpur—Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) project. 

AstraZeneca Pharma: The Pharmaceutical company has received import and market permission from the Drugs Controller General of India for Olaparib Tablets 100 mg and 150 mg (Lynparza). Olaparib tablets are used for the treatment of ovarian and breast cancer.