Top stocks to watch out for on April 3: Jet Airways, Mindtree, Tata Motors

SUMMARY

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are set for a mixed start on Wednesday ahead of the outcome of the Reserve Bank of India’s monetary policy meeting on Thursday. Asian shares traded little changed as global investors paused for breath after the strong rally seen earlier this week. According to a CNBC-TV18 poll, RBI is expected to cut the key repo rate by 25 basis points. India's manufacturing growth fell to a six-month low in March due to weak demand. Here are the top stocks to watch out for today:

By CNBC-TV18Apr 3, 2019 8:19:47 AM IST (Updated)

Jet Airways: The airline on Tuesday said it has grounded 15 more aircraft due to non-payment of rentals to lessors, taking the total number of grounded planes to 69. (stock image)

Tata Motors: For the third month in a row, Tata Motors did not produce any unit of its entry-level small car Nano in March, heightening the uncertainty over the future of the vehicle once dubbed as 'people's car'.

Mindtree: The independent directors' committee formed by IT company Mindtree to look into the "unsolicited open offer" by Larsen & Toubro on Tuesday roped in ICICI securities and Khaitan and Co as independent advisors. (stock image)

Tata Steel: S&P Global Ratings on Tuesday said it has revised its outlook on Tata Steel to positive from stable.

Reliance Industries: Reliance Jio has transferred control of its fibre and mobile tower units to two infrastructure investment trusts set up by Reliance Industrial Investments and Holdings Ltd (RIIHL).

InterGlobe Aviation: Aviation veteran Ronojoy Dutta was appointed CEO of IndiGo, the country’s biggest airline by the number of passengers. In other news, A Pune-Nagpur flight of IndiGo--an Airbus A320 Neo was grounded soon after takeoff Tuesday due to "excessive engine vibrations"--sixth such incident in the past two weeks alone, an airline industry source told PTI.

Infosys: The IT firm's subsidiary got the order from Kuwait’s Ahli United Bank for automation services.

Wipro: The company completed the divestment of Wipro's Workday and Cornerstone on Demand Business.

Karnataka Bank: The bank said it tied up with Bharti Axa Life Insurance company for life insurance business.

Eicher Motors: In an interview to CNBC-TV18, market expert Mitessh Thakkar and Mayuresh Joshi of Angel Broking, said Eicher Motors is likely to be rangebound between Rs 19000 and Rs 22500. (stock image)