Top stocks to watch out for on March 26: Jet Airways, Mindtree, ICICI Prudential Life Insurance

SUMMARY

Indian shares are set to open flat on Tuesday, taking cues from its Asian peers, after US Treasury yields sank to their lowest since late 2017, adding to fears of a US recession. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Mar 26, 2019 7:47:48 AM IST (Published)

Jet Airways: After Naresh Goyal stepped down from his post as chairman on Monday, Air India chairman Ashwani Lohani emerged as one of the contenders to head the operations at the airline in the interim period till the lenders find a suitable investor for the beleaguered carrier, said sources familiar with the matter.

DLF: Realty major DLF on Monday launched its QIP offer to raise over Rs 3,000 crore by selling 17.3 crore equity shares to qualified institutional investors. (stock image)

Mindtree: IT services firm Mindtree's board will meet today to decide on the share buyback proposal, which aims to avert L&T's hostile takeover.

ICICI Prudential Life Insurance: Prudential Corporation Holdings Ltd will sell 3.71 percent stake in ICICI Prudential Life Insurance Company for a floor price of Rs 300 per share, the company said on Monday.

Future Retail: The company on Monday said it has reappointed Kishore Biyani as its managing director and Rakesh Biyani as its joint managing director for three years.

Coal India: The government has pared its holding in Coal India Ltd to 72.33 percent in the current fiscal from 78.5 percent in 2017-18, the mining major said on Monday.

IL&FS: The government on Monday filed an application with the National Company Law Tribunal (NCLT), seeking immunity for the newly-appointed directors of the crippled IL&FS group from any future adverse outcomes.

HDFC: HDFC Ltd on Monday said it will raise up to Rs 3,000 crore by issuing bonds on a private placement basis to augment its long term capital resources. (stock image)

Kalpataru Power Transmission Ltd: Engineering firm KPTL Monday said its arm Kalpataru Power Transmission Sweden AB has signed an agreement to acquire 85 percent equity stake in Linjemontage i Grastorp AB for $24 million. (stock image)

L&T: Larsen & Toubro (L&T) on Monday said it has won various contracts across India, including for the construction of hospitals in Jharkhand, a commercial complex in Hyderabad and a manufacturing facility in Gujarat.

Sun Pharma: The company on Monday said it has received one observation from the US health regulator for its Baska manufacturing facility in Gujarat.