Top 5 stocks in Focus on August 31: JB Chemicals, Idea to Torrent Pharma; here are the 5 newsmakers of the day

The Sensex and Nifty closed in a negative mark on August 30, 2018, but there were certain stocks, like JB Chemicals, PNC Infratech to Power Sector Stocks, that made news after the domestic market was closed for trading on the day. These stocks can have its impact on the Indian stocks market on August 31, 2018, during the trading hours. Here is the list of such stocks: 

JB Chemicals and Pharmaceuticals Ltd: Shares of the Pharmaceutical company will remain in focus, as its board during its meet scheduled to be held today will consider the proposal of a buyback. 

Power Sector Stocks: The Ministry of Power will once again ask the Reserve Bank of India to allow a further relief for sustainable but stressed projects in the power sector in line with the Allahabad High Court’s suggestion. 

Idea & Vodafone: The National Company Law Tribunal (NCLT) has approved the merger of Idea Cellular and Vodafone India. The newly merged entity will overtake Bharti Airtel as India’s largest mobile phone operator.

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PNC Infratech: The company has received the letter of award from Maharashtra State Road Development Corporation for the 54.4-km long 4th Package of Nagpur-Mumbai Six Lane Super Communication Expressway (Maharashtra Samruddhi Mahamarg) on EPC basis. The project will be completed at an investment of Rs 1,999.52 crore.

Torrent Pharmaceuticals: The pharma company has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Itraconazole capsules.