Top stocks to watch out for on June 13: Tata Motors, PFC, Sintex Industries, Jet Airways

SUMMARY

Indian shares are likely to open weak on Thursday, tracking sluggish Asian markets. In Asia, stocks fell over uncertainties about US-China trade negotiations, while oil prices plunged 4 percent following higher US crude inventories. Back home, India’s retail inflation rose to a seven-month high in May to 3.05 percent, still below the Reserve Bank of India’s target of 4 percent, giving it room for further rate cuts. At 7.40 AM, the SGX Nifty futures fell 19 points, or 0.16 percent, at 11,906, indicating a weak start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Jun 13, 2019 7:47:50 AM IST (Updated)

Tata Motors: Tata Motors Group global wholesales stood at 82,374 in May, down 23 percent year-over-year. The Tata Motors Group global wholesales in May 2019, including Jaguar Land Rover, were at 82,374 units, lower by 23 percent from May 2018. REUTERS/Vivek Prakash/File Photo

Adani Ports: APSEZ has suspended vessel operations at its Tuna and Mundra Port in Gujarat for next 24 hours in the wake of cyclone Vayu hitting the state.

Welspun Enterprises: It has received Rs 27 crore as a bonus from the National Highways Authority of India for early completion of Delhi-Meerut Expressway package 1.

Jet Airways: Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive surveillance measures to curb excessive volatility, according to a circular. Jet Airways' lenders led by State Bank of India, Hindujas, and Etihad met some officials of the airline today, sources in the know told CNBC-TV18.

Power Finance Corp: The state-run NBFC has raised $1 billion (around Rs 6,940 crore) through an issuance of bonds in the international market.

Sintex Industries: The company has defaulted on payment of interest on non-convertible debt worth Rs 112.5 crore.

NTPC: The company has signed an agreement for a joint venture with East Delhi Municipal Corporation with equity participation of 74:26, respectively, with an objective to develop and operate state of the art/modern integrated waste management & energy generation facility.

Edelweiss Financial Services: Subsidiary ECL Finance and Bank of Baroda signed an agreement to form a strategic partnership to explore co-lending to MSME and self-employed groups.

Reliance Nippon AMC: Offer for sale of up to 2.86% of the total share capital on June 13- 14.

Housing Development and Infrastructure Ltd: Malti Wadhawan, being a person named as Promoter in the Shareholding Pattern informed exchanges intends to transfer 81lk shares of the company to Rakesh Kumar Wadhawan.