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Stocks to watch: Indiabulls Real Estate, RIL, Concor, Pidilite, Hindalco

Here's a look at the top stocks that may trade actively in today's trading session.

SI Reporter  |  New Delhi 

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At 08:09 AM, Nifty futures on the Singapore Exchange (SGX) were trading 12 points or 0.10 per cent lower at 12,267, indicating a flat start for the Indian market on Tuesday.

Here's a look at the top stocks that may trade actively in today's trading session -

Indiabulls Real Estate: The company said on Monday it would sell its commercial properties in Mumbai and Gurugram to US-based private equity fund manager Blackstone for Rs 810 crore.

RIL: Government's demand for pending dues may delay company's plan to reduce debt. The stock, which has risen more than 46 per cent in a year and scaled new highs on Friday, fell over 3 per cent in intraday trade before ending down 1.78 per cent on Monday. READ MORE

Hindalco Industries announced that the Muri refinery in Jharkhand has re-started production of Alumina.

Pidilite Industries: HomeLane, a web-enabled interior design firm, has raised $30 million in series D financing from Evolvence India, Pidilite Group and FJ Labs.

Syndicate Bank, Canara Bank: Crisil has placed the bank's Perpetual Tier 1 Bonds and Lower Tier II Bonds on Rating Watch with positive implications. The rating agency has placed Canara Bank's long term debt instruments on 'Rating Watch with Developing Implications'.

NIIT Tech: The company's board on Monday fixed the share buyback price at Rs 1,725 aggregating up to around Rs 337 crore which represents 20.23 per cent of the paidup equity share capital and free reserves of the Company.

Jet Airways: The company announced that the 6th Committee of Creditors passed the resolution to issue fresh Invitation of Expression of Interest for the Corporate Debtor in the e-voting concluded on December 22, 2019.


Tata Motors: The company said it has received NCLT order sanctioning the Scheme of Arrangement between the Company and Tata Advanced Systems for transfer of the Defense Undertaking. "As per Clause 21 of the Scheme, this Scheme would be effective on receipt of necessary approvals from authorities, including the Ministry of Defense," it said in the regulatory filing.

Chalet Hotels on Monday entered into a Franchise Agreement and other related agreements with Hyatt India Consultancy and its affiliates for the brand 'Hyatt Regency' in respect of its upcoming hotel at Airoli in Mumbai.

IRCTC: The company has revised the Tariff of Standard Meals on Static Units over Indian Railways.

BROKERAGE RADAR

Concor: Global brokerage firm Nomura, as per reports, has 'buy' call on the stock with the target price of Rs 670.

Bharti Infratel: Morgan Stanley has maintained 'underweight' stance on the stock with the target price of Rs 227, saying greater-than-expected tenancy realisation by telecom companies is a key downside.

JSPL: Morgan Stanley is 'overweight' on the stock with the target price of Rs 174. The brokerage said that any restructuring of international debt could improve cash flow situation at the company.

First Published: Tue, December 24 2019. 08:10 IST
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