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RIL, Tata Motors, Tech Mahindra and IDBI Bank among top stocks to track

Here's a list of the top stocks that may remain in focus today -

SI Reporter  |  New Delhi 

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The domestic benchmark indices are set to be dictated by stock-specific action, the movement of rupee against the US dollar, and crude oil prices on Friday.

At 08:04 am, Nifty futures on the Singapore Exchange (SGX) were trading 2 points or 0.02 per cent higher at 11,387, indicating a flat opening for the Nifty50 index back home.

Here's a list of the top stocks that may remain in focus today -

Reliance Industries (RIL): Canadian investor Brookfield-led India Infrastructure investment trust (InvIT) is set to acquire East West Pipeline (EWPL), earlier known as Reliance Gas Transportation Infrastructure, from Mukesh Ambani for Rs 13,000 crore.

Tata Motors: The Securities and Exchange Board of India (Sebi) has served a new show cause notice (SCN) to Tata Motors and its top management in an 18-year-old case involving erstwhile Tata Finance (TFL) on fraudulent and unfair trade practices affecting four companies (including Infosys).

IDBI Bank: The Reserve Bank of India has categorised IDBI Bank as a 'Private Sector Bank' for regulatory purposes with effect from January 21, 2019 upon Life Insurance Corporation of India acquiring 51 per cent of the total paid-up equity share capital of the bank.

Tech Mahindra: The IT company will acquire Japan-based mobile network solution firm K-Vision for $1.5 million in an all-cash deal.

Jet Airways: Lenders to cash-strapped airline on Thursday asked two key stakeholders — Naresh Goyal and Etihad — to promptly pitch in with their contribution to salvage the situation. The decision to provide emergency funds to the ailing airline will be taken collectively and not on a standalone basis, said lenders.

Religare Enterprises: Sebi on Thursday ordered Religare Finvest and Religare Enterprises to recall loans worth over Rs 2,300 crore that were diverted to promoters Shivinder Mohan Singh, Malvinder Mohan Singh and 21 other entities after finding preliminary evidence of fund diversions.

CG Power: According to a report by The Economic Times, private equity giant KKR and two lenders - YES Bank and BOI AXA may take the control of CG Power and Industrial Solutions.

Coal India: The company's board has decided to offer its second round of interim dividend at Rs 5.85 per share.


Tide Water: The company has declared a dividend of Rs 85 per share. Record date for the same has been fixed on March 25.

Jubilant Foodworks: Bulk deal data on NSE showed Kotak Mahindra Mutual Fund bought 8,00,000 shares of Jubilant Foodworks at Rs 1312.40 per share.

First Published: Fri, March 15 2019. 07:57 IST
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