Top stocks to watch out for on June 21: Tata Motors, Bharti Airtel, Jet Airways, MindTree

SUMMARY

Indian shares are likely to open flat on Friday amid cautious trades in Asia over US-China trade tensions despite a record rally in US stocks. The S&P 500 hit an all-time high over hopes of further rate cuts by the Federal Reserve this year. Investors now await further progress on talks between the United States and China ahead of a meeting of the two leaders at the G20 summit in Japan on June 28-29. At 7.15 AM, the SGX Nifty futures traded 0.2 percent lower at 11,863, indicating a flat start for the Sensex and the Nifty 50. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Jun 21, 2019 7:58:40 AM IST (Updated)

Tata Motors: Moody's cut senior unsecured instruments rating to Ba3 from Ba2 with outlook negative. Moody’s downgraded JLR’s ratings to B- with outlook negative.

Mindtree: The IT company appointed L&T's MD and CEO S N Subrahmanyan as non-executive director. L&T’s JD Patil and Shankar Raman as non-executive directors. (stock image)

Bharti Airtel: Fitch affirmed Bharti Airtel's credit rating at 'BBB-' with stable outlook, citing around 31-33 percent revenue market share despite intense competition and expectations of recovery in its mobile business.

Reliance Nippon AMC: ETF Securities launched the first Indian ETF in Australia, and Reliance Nippon Life Asset Management Ltd (RNAM) has entered into an arrangement with the former to provide advisory services to investors.

Jet Airways: The NCLT set a 90-day deadline to the resolution professional to conclude the resolution process. Also, SBI chair Rajnish Kumar defended the lenders' decision to take Jet for bankruptcy saying "it was their last effort to find a resolution" for the grounded airline and also did not rule out the possibility of liquidation.

AU Small Finance Bank: It will raise up to Rs 500 crore by issuing bonds.

Mcleod Russel: The board meeting to consider Q4 earnings has been postponed to June 28 from June 21.

Eveready Industries: Lenders invoked 1.9 percent promoter pledged stake.

GAIL India: The company has fixed July 10 as the record date for issue of bonus shares in the ratio of 1:1.

NTPC: The company has won 160 MW solar capacities in Solar Energy Corporation Of India's (SECI) Rajasthan Tranche-II, 750MW tender.

Vadilal Industries: Jignesh Shah and Malay Mahadevia, independent directors of the company, resigned.

Dewan Housing Finance Corp Ltd : DHFL has sold ₹2,000 crore worth of its loan portfolio to offshore investors in a transaction led by SC Lowy, Mint reported, citing two people aware of the development.

Apollo Hospitals Group is looking to sell its stake in two more subsidiaries to raise up to $200 million, Mint reported, citing two people directly aware of the matter.