Stocks in Focus on August 28: Lakshmi Vilas Bank, Yes Bank to GHCL; here are the 5 Newsmakers of the Day

Indian stock indices Sensex and Nifty on Tuesday, August 27, 2019, rose for the third straight day amid favourable domestic cues. But certain stocks came in news post-market hours and can have an impact on the market when it reopens for trading purpose on Wednesday, August 28, 2019. Here is a list of five such stocks:

Lakshmi Vilas Bank: The Board of Directors of the Company will meet today, August 28, 2019, to consider and approve an increase in authorised capital, fundraising through qualified institutional placement and fundraising by way of issuance of Bonds.

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Union Cabinet Meet: Union Cabinet is scheduled to meet today to consider relaxing foreign direct investment (FDI) norms in several sectors, including single-brand retail and digital media. Other issues likely to be taken up at the Cabinet meet include issues related to Jammu and Kashmir.

Yes Bank:  The Board of Directors of Yes Bank is scheduled to meet on August 30, 3019, to consider and approve raising of funds by way of issuance of equity shares.

DR REDDY/Lupin: Indian drug firms like Dr Reddy’s and Lupin among others will be in focus today because China has revised its drug law, which removes drugs that are legal in foreign countries but not approved in China from the category of fake medicines. This change in the drug law may allow entry of Indian generic medicines to China for being used by patients in small quantities from December 1. Until now, all foreign generic drugs not approved in China were clubbed under the counterfeit category and were illegal to use here.

GHCL: The promoter and director Anurag Dalmia has acquired 1 lakh shares of the chemical manufacturing company between August 23-26, 2019.