DSIJ Mindshare

Muthoot Finance Ltd has been assigned Long Term rating of ‘BB+’ with ‘Stable’ outlook by Fitch Ratings. S&P Global Ratings has assigned a Long Term rating of ‘BB’ with ‘Stable’ outlook. Moody’s Investor Service has assigned ‘Ba2’ Corporate Family Rating with ‘Stable’ outlook. The stock jumped nearly 2 per cent intraday in BSE.

Arvind Homes, which is a wholly owned subsidiary of Arvind SmartSpaces, has entered into a Platform Funding agreement of Rs. 250 crore with HDFC Capital Advisors Private Limited.

The decline in crude steel output is negative for the company. Owing to prolonged slowdown in the steel sector, it received a rating downgrade from CARE to negative from stable.

Tech Mahindra Limited has been picked up by our Bollinger Band Squeeze scanner which suggests that the stock is near a consolidation breakout.

Following stocks are close to their 52-weeks low as at 12:51 p.m. on October 11, 2019.