Stocks To Watch: Tata Steel, Reliance Broadcast, Bharti

Tata Steel may be in focus this morning on reports that it has proposed follow-on public offer to bring down promoter holding by 2% and use fund proceeds to reduce debt expand its Jamshedpur facility.

Reliance Broadcast Network will also be closely watched on reports that it plans to buy Imagine show business, a Bollywood music and entertainment channel.

Bharti Airtel may also react to the news of SingTel (Singapore Telecommunications) buying shares worth $30 million increasing the stake in Bharti Airtel to 32.15 per cent from 32.04 per cent.