HDFC Life, Jet Airways and Corporation Bank among top stocks to track

Firm global cues and Nifty futures on Singapore Exchange (SGX) indicate a positive opening for the domestic stocks on Tuesday. At 07:30 am, the Nifty futures on SGX were trading 51.50 points or 0.46 per cent higher at 11,264. 

Here's a look at the top stocks that may remain in focus today -

Jet Airways: Founder-Chairman Naresh Goyal sought Rs 750 crore from Etihad yesterday when the Etihad board discussed bank-led resolution plan for the airline. Also, Jet Airways has informed the exchanges that it has defaulted on part payment of a foreign loan due to liquidity constraints.  

HDFC Standard Life: Standard Life Mauritius Holdings, the JV partner in HDFC Life Insurance, is planning to sell 4.93 per cent stake in the life insurance firm at a floor price of Rs 357.50 per equity share, according to news reports.

Aviation stocks: The Directorate General of Civil Aviation (DGCA) on Monday ordered additional maintenance checks on Boeing 737 MAX 8 aircraft operating in the country. Low-cost Indian carrier SpiceJet has 12 737 MAX 8 planes while Jet Airways has 5.

Bharti Airtel, Bharti Infratel: According to news reports, Bharti Airtel will sell 32 per cent stake in Bharti Infratel to Nettle Infra. Nettle Infra is a wholly-owned subsidiary of Bharti Airtel. 

TVS Motor: The company has announced its second interim dividend of Rs 1.40 per share (140 per cent).

Corporation Bank: The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on the bank for deficiency in regulatory compliance. 

Tata Motors: The auto firm has said it has bagged orders for over 2,500 commercial passenger transportation vehicles (CVs) from various institutional customers and it is in the process of delivering these units.

Siemens: According to news reports, German engineering conglomerate Siemens’ financing arm has signed a pact with Greenko group to acquire 46 per cent stake in its 200 MW-Poovani wind power project. 

NHPC: According to a report by Bloomberg, the company has planned a capex of Rs 3,800 crore for financial year 2020 and to bid for JAL Power in NCLT.

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel