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Stocks to watch: SBI Life, Airtel, Vodafone Idea, Tata Steel, Shree Cement

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 08:42 AM, Nifty futures on the Singapore Exchange (SGX) were trading 13 points or 0.11 per cent lower at 11,910, 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 -

Telecom stocks: Incumbent telecom operators Vodafone Idea and Bharti Airtel, bruised by fierce competition to keep prices low, will hike tariffs starting December 1, the companies said in a surprise announcement on Monday. The first telecom tariff hike in several years follows record second-quarter losses reported by the two operators.

SBI Life: Carlyle is expected to sell 3 per cent stake in SBI Life in a block deal today.

Tata Steel: Tata Steel plans to cut around 3,000 jobs across its European operations as it wrestles with excess supply, said a Reuters report.

YES Bank: Embattled private sector lender YES Bank has the option to extend the deadline on the binding offer made by a US-based investor to invest $1.2 billion as equity in the bank. The deadline for the binding offer by investors to pick up sizeable equity in the bank expires on November 30. READ MORE

IT stocks: India's information technology services companies may shed 30,000 to 40,000 middle-level employees this year as growth slows down, IT industry veteran T V Mohandas Pai said Monday.

Shree Cement: The cement maker is at an advanced stage of raising more than Rs 2,000 crore through a qualified institutional placement (QIP) offering, according to a report by business daily Mint.

Prestige Falcon Realty Ventures (PFRVPL), a wholly-owned subsidiary of Prestige Estates Projects, has acquired 28.99 per cent (without considering other convertible instruments in the entity) of the equity share capital of DB (BKC) Realtors.

Zee Entertainment Enterprises: Brickwork Ratings India has downgraded credit rating for 6 per cent Cumulative Redeemable Non-Convertible Preference Shares to AA+ (Credit Watch with Negative Implications) from AAA earlier.

First Published: Tue, November 19 2019. 08:44 IST