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Top stocks to watch out for on November 26: Jet Airways, Bajaj Auto, Oil India
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Top stocks to watch out for on November 26: Jet Airways, Bajaj Auto, Oil India
Nov 25, 2018 10:36 PM

Indian shares are set for a positive start on Monday on the back of easing worries over current account deficit as Brent crude stayed below $60 per barrel amid amid weak fundamentals and struggling financial markets.

Share Market Live

NSE

At 07:08 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.23 percent at 10,637, indicating a positive opening for the Indian market.

Here are the top stocks to watch out for in today's trade:

OBC: Oriental Bank of Commerce, in an exchange filing, said it intended to divest its stake in its joint venture, - Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited - at an appropriate time, depending on the market conditions and the options available.

IDBI Bank: Ratings agency CRISIL downgraded the rating on bonds to CRISIL A- from CRISIL A, the bank said in an exchange filing.

Welspun India, Yes Bank: The two companies, in an exchange filing, announced their partnership to facilitate an electronic presentation of export documents.

RIL: Reliance Industries Limited (RIL) on Friday announced the incorporation of Jio Estonia that plans to engage in software development in Europe.

Bajaj Auto: Bajaj Auto, which owns 49 percent in Austrian sports bike brand KTM, on Friday launched the ABS version of KTM 200 Duke, priced at Rs 1.60 lakh (ex-showroom Delhi).

Jet Airways: Crisis-hit Jet Airways has temporarily withdrawn lounge access to its Gold and Platinum members. The members will no longer be able to access the lounges at any of the airline's station effective December 1, 2018.

Oil India: State-owned Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs 1,085 crore as part of the government's push to cash-rich PSUs to part with their surplus either by paying higher dividends or through share buybacks so as to help meet revenue targets.

Lupin: Drug maker Lupin said on Friday it has launched a computer programme specially designed to provide medically verified information for health-related queries.

Bank stocks: Rounding off the year of India's biggest banking fraud on state-run Punjab National Bank (PNB), British professional services multinational Deloitte on Sunday said such frauds will continue to rise with banks continuing to "lack a holistic anti-financial crime compliance programme".

Oil marketing companies: Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) on Sunday issued advertisements for setting up 55,649 petrol pumps across the country.

JSW Steel: JSW Steel is undertaking a major reorientation of its operations as well as product mix to reduce carbon dioxide emissions and align with the country's climate change priorities. On the portfolio mix, the company is focusing on environment-friendly products for packaging, electrical and appliance sectors.

(With inputs from agencies)

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

First Published:Nov 26, 2018 7:36 AM IST

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