The Indian market is likely to open steady on Monday amid mixed global cues. At 7:20 am, the SGX Nifty was trading 10 points or 0.08 percent lower at 11,944.50, indicating a flat start for the Sensex and Nifty50. Among the stocks in the news today, Bharti Airtel sought government nod for Rs 4,900 crore foreign investment while Maruti Suzuki’s November production rose 4.3 percent YoY.
Here are the top stocks to watch out for:
Maruti Suzuki India: Total November production rose 4.3 percent to 1.41 lakh units as compared to 1.35 lakh units YoY. Total PV Production was up 3.7 percent at 1.39 lakh units as against 1.34 lakh units YoY.
Bharti Airtel: Promoter Bharti Telecom has sought government nod for the infusion of Rs 4,900 crore investment from Singapore-based Singtel and other foreign entities, PTI reported.
Vodafone Idea: The telecom operator removed cap from free outgoing calls on other networks under new plans for pre-paid customers that came into effect from December 3.
Axis Bank: Jairam Sridharan resigned as Group Executive & Chief Financial Officer of the bank.
KNR Construction: The company received orders worth of Rs 165.68 crores from Greater Hyderabad Municipal Corporation under Comprehensive Road Maintenance Contract (CRMC) for 5 years. Additionally, the company signed a Concession Agreement for KNR Palani Infra Private Limited – HAM Project with NHAI.
NBCC: The company has received an order from the Department of Revenue for construction work for a project worth Rs 621crore.
Allahabad Bank: The board gave approval for raising Tier 2 capital by floating Basel III compliant Tier 2 Bonds aggregating up to Rs 1500 crore.
Maharashtra Seamless: Maharashtra Seamless secured ONGC orders worth Rs 500 crore.
Dish TV: CARE had reviewed the ratings assigned for company’s bank facilities to CARE D from CARE A4+. The revision takes into account default in payment of short-term loan due on November 28, 2019.
Welspun Corp: The company has been awarded contracts for the supply of 179 KMT of pipes for multiple projects on a global basis. The company’s order book stands at 1,459 KMT, valued at approximately Rs 12,100 crore.