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Stocks in the news: YES Bank, JSW Steel, SRF, Bank of Baroda and Hero Moto

Hero MotoCorp will increase prices of its motorcycles by up to Rs 2,000 from January

Updated: Dec 10, 2019, 08.38 AM IST
YES Bank board will meet to decide on investment offers made by a number of fund houses and family offices
NEW DELHI: Nifty futures on the Singapore Exchange traded 1.5 points, or 0.01 per cent, up at 11,966, indicating a flat start for Dalal Street. Here are few of the stocks that may buzz during the day:

YES Bank: The board will meet to decide on investment offers made by a number of fund houses and family offices. The company is in the process of raising $2 billion from the market.

Tata Motors: Auto major Tata Motors plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal, a senior company official said. The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financial year till now.

JSW Steel: JSW Steel on Monday posted a 7 per cent fall in November 2019 crude steel output at 12.90 lakh tonne (LT). In November 2018, the Sajjan Jindal-led company had produced 13.90 LT of crude steel.

Jaypee Infratech: Voting on the bids of of state-owned NBCC Ltd and private sector firm Suraksha Realty will begin. Voting process for homebuyers and lenders of Jaypee Infratech will start on December 10 and end on December 16.

SRF, Kama Holdings: Markets regulator Sebi on Monday exempted ABR Family Trust related to promoters of SRF Ltd and Kama Holdings Ltd from the obligation of making open offer following its proposed acquisition of shareholding in these two companies.

Hero MotoCorp: Two-wheeler market leader Hero MotoCorp on Monday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January.

BPCL: Officers union of blue-chip PSUs on Monday opposed the government's decision to privatise India's second-biggest oil firm BPCL, saying family silver worth Rs 9 lakh crore is being sold for a fraction of the amount.

Bank of Baroda: Bank of Baroda on Monday said it will take part in the proposed IPO of UTI Asset Management Co Ltd by way of offer for sale of up to 1.04 crore shares.

Telecom: In bad news for Vodafone Idea and Bharti Airtel, the government has warned all telecom licence holders against any delays in the payment of dues related to adjusted gross revenue. Some 15 telcos need to pay over Rs 1.47 lakh crore, which could rise further, the government said.
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