CNBC-TV18's top stocks to watch out for on November 19

SUMMARY

Indian shares are likely to open lower on Tuesday, tracking weakness in Asian peers, amid concerns over the economic slowdown and as investors await progress in US-China trade negotiations. Among the stocks in news today, Bharti Airtel and Vodafone Idea have decided to hike tariffs, while Yes Bank has acquired 20.61 percent of Tulip Star Ltd., pursuant to invocation of pledge. Here are the top stocks to watch out for today

By CNBC-TV18Nov 19, 2019 7:47:26 AM IST (Updated)

Telecom operators Bharti Airtel and Vodafone Idea Ltd. have increased the prices of its tariffs. Bharti Airtel has reasoned that the Indian telecom space needs price rationality and that they expect the telecom regulator to bring out a consultation paper on this soon. Whereas, Vodafone Idea said it will “suitably” increase the prices of its tariffs from December 1 2019, pointing to the financial stress in telecom and highlighting that mobile data charges in India are by far the cheapest in the world. (File Photo)

Infosys COO UB Pravin Rao told CNBC-TV18 the investigation in whistleblower complaints has not impacted the company’s daily operations. Rao also clarified that there was no structured layoff at Infosys and that the layoffs were part of the performance cycle.

Punjab National Bank received in-principal approval from the government for an alternate mechanism to the amalgamation of Oriental bank of commerce and United Bank of India into PNB. (Stock image)

Tata Steel outlined proposals for a transformation programme in Europe in order to ensure the business can thrive despite severe market headwinds which have led to a sharp decline in profitability. The programme is focused on four areas to improve financial performance such as increasing sales of higher-value steels, efficiency gains by optimising production processes, lowering employment costs and reduction of procurement costs.

Yes Bank has acquired 20.61 percent of Tulip Star Ltd., pursuant to invocation of pledge. (File Photo)

Prestige Estates said that its wholly-owned subsidiary Prestige Falcon Realty Ventures Pvt Ltd has acquired 1.32 lakh equity shares representing 28.99% of the equity share capital of DB (BKC) Realtors Private Ltd from Trinity Capital (Ten) Ltd as per the terms and conditions agreed.

Tata Consultancy Services announced the setting up of a new Microsoft Business Unit (MBU) that will offer a full complement of services and solutions around Microsoft technologies, and cater to all stakeholders in the enterprise and will work with customers worldwide to accelerate their Business 4.0 transformation journeys.

SBI Life Insurance Company: Private equity firm Carlyle has launched a block deal to sell around 3 percent stake in SBI Life Insurance and make a part exit, Moneycontrol reported. Carlyle currently holds 9 percent stake in the company through its investment arm CA Emerald Investments. The offer price range is Rs 930 to Rs 940 and is at a discount of 6-7 percent of the closing price of Rs 1,000.05 as on November 18, 2019.

Pidilite Industries has appointed Pradip Menon as Chief Financial Officer. (File Photo)

Peninsula Land: Rating agency ICRA has revised rating of NCDs amounting to 530 crore to ICRA C. The rating agency has stated that the downward revision in the rating is on account of delays in collections of sizeable sold inventory as well as weak sales velocity in ongoing and completed projects which has severally impacted the cash flow position of the company. The company also faces high refinancing risk given sizeable debt repayment obligations (excluding collection linked payments), it said.

Jaypee Infratech: Resolution plans of NBCC & Suraksha Realty received by Resolution Professional were placed before the meeting of Committee of Creditors.