Top stocks to watch out for on February 11: Tata Steel, Bharti Airtel, L&T, SBI

SUMMARY

The Indian shares are likely to open weak on Monday following the Asian market trend as investors worry about global growth and the ongoing US-China trade war. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Feb 11, 2019 9:24:51 AM IST (Updated)

The country's largest telecom firm Vodafone Idea is planning to invest around Rs 20,000 crore in networks over the next 15 months, according to company officials, reported PTI, citing company officials.

Tata group firm Voltas on Sunday said it will invest over Rs 500 crore to set up a manufacturing facility in Tirupati, Andhra Pradesh, PTI reported.

Anil Ambani-led Reliance Group on Friday accused L&T and Edelweiss entities of "illegal" and "motivated" actions in invoking the pledged shares and selling them in the open market causing a steep fall in its share value.

On the back of the monetary policy announced by the Reserve Bank of India(RBI) on February 7, the State Bank of India has reduced the interest rates on its home loans for all loans up by Rs 30 lakh.

Tata Steel on Friday reported a53 percent year-on-year (YoY) jump in net profit atRs 1,751 crore for the third quarter ended December 2018 on higher income.

Bharti Airtel on Friday said its unit, Airtel Networks Kenya Ltd, has agreed to merge with Telkom Kenya Ltd, the East African nation's smallest telecom operator.

Crisis-hit Jet Airways on Sunday cancelled more than 10 flights due to operational reasons, reported PTI, citing a source.

ONGC, OIL: The government plan to offer PSUs special incentives for natural gas discoveries in difficult and unviable areas will help raise India's natural gas production as it will unlock output in a dozen fields of state-owned ONGC and OIL, officials said on Sunday, reported PTI.

State-owned State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale various financial accounts to recover dues of around Rs 5,740 crore.

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