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Top stocks to watch out for on June 3: ONGC, auto stocks, Bharti Infratel, Bank of Baroda

Updated : 2019-06-03 07:46:17

Indian shares are set to open higher on Monday as prospects of an interest rate cut by the Reserve Bank of India (RBI) increased after India’s fourth-quarter gross domestic product (GDP) growth rate slowed to a five-year low of 5.8 percent. The eight core sector industries too witnessed a slowdown in April, with growth rate slipping to 2.6 percent. However, fiscal deficit for 2018-19 remained within the revised Budget target of 3.4 percent of the GDP. In global markets, oil prices and Asian shares declined over US-China trade tensions and Donald Trump’s threat to impose tariffs on Mexico. At 7.03 AM, the SGX Nifty futures traded 37.5 points, or 0.31 percent, higher at 11,962.50, indicating a positive start for the BSE Sensex and NSE’s Nifty 50. Here are the top stocks to watch out for in today's trade:

ONGC: India's top oil and gas producer reported a 34 percent jump in its 2018-19 fiscal net profit to Rs 26,716 crore. (Image: Reuters)
ONGC: India's top oil and gas producer reported a 34 percent jump in its 2018-19 fiscal net profit to Rs 26,716 crore. (Image: Reuters)
Hero MotoCorp: The country's largest two-wheeler maker reported a 13.5 percent rise in sales to over 6.5 lakh units in May over the previous month. (Image: Reuters)
Hero MotoCorp: The country's largest two-wheeler maker reported a 13.5 percent rise in sales to over 6.5 lakh units in May over the previous month. (Image: Reuters)
Coal India: CIL produced 46.59 million tonnes of coal in May, registering a decline of 1.1 percent from the year-ago period.
Coal India: CIL produced 46.59 million tonnes of coal in May, registering a decline of 1.1 percent from the year-ago period.
Bank of Baroda: BoB plans to raise Rs 11,900 crore during the current fiscal through share sale, including Employee Share Purchase Scheme to shore up capital for meeting business expansion requirement. (Image: Reuters)
Bank of Baroda: BoB plans to raise Rs 11,900 crore during the current fiscal through share sale, including Employee Share Purchase Scheme to shore up capital for meeting business expansion requirement. (Image: Reuters)
Bharti Infratel: The National Company Law Tribunal (NCLT) has approved the planned merger of tower company Bharti Infratel with Indus Towers. (Image: Reuters)
Bharti Infratel: The National Company Law Tribunal (NCLT) has approved the planned merger of tower company Bharti Infratel with Indus Towers. (Image: Reuters)
Tata Motors: The company reported a 26 percent decline in domestic sales to 40,155 units in May.
Tata Motors: The company reported a 26 percent decline in domestic sales to 40,155 units in May. "Tata Motors commercial and passenger vehicles business sales in the domestic market in May 2019 at 40,155 units witnessed a drop of 26 percent, as against 54,290 units sold in May 2018, as market sentiments continued to be muted," it said. (Image: Reuters)
GSK Consumers Healthcare: The company's shareholders approved its proposed merger with FMCG major HUL.  It has received 99.99 percent votes in favour of the scheme of amalgamation among the company and Hindustan Unilever in the NCLT-convened meeting. (Image: Reuters)
GSK Consumers Healthcare: The company's shareholders approved its proposed merger with FMCG major HUL.  It has received 99.99 percent votes in favour of the scheme of amalgamation among the company and Hindustan Unilever in the NCLT-convened meeting. (Image: Reuters)
Tata Steel: The company has completed the acquisition of debt-ridden Bhushan Energy Ltd.  The announcement came after the NCLT approved the resolution plan of Tata Steel to acquire Bhushan Energy for around Rs 800 crore. (Image: Reuters)
Tata Steel: The company has completed the acquisition of debt-ridden Bhushan Energy Ltd.  The announcement came after the NCLT approved the resolution plan of Tata Steel to acquire Bhushan Energy for around Rs 800 crore. (Image: Reuters)
Maruti Suzuki India: The carmaker reported a 22 percent decline in sales at 1,34,641 units in May. Domestic sales declined by 23.1 percent to 1,25,552 units as against 1,63,200 units in the year-ago month, it added. (Image: Reuters)
Maruti Suzuki India: The carmaker reported a 22 percent decline in sales at 1,34,641 units in May. Domestic sales declined by 23.1 percent to 1,25,552 units as against 1,63,200 units in the year-ago month, it added. (Image: Reuters)
Mahindra and Mahindra:  The automaker reported a 3 percent decline in total sales at 45,421 units in May. In the domestic market, sales were down 1.7 percent to 43,056 units last month compared to 43,818 units in May 2018. Exports dropped by 21.9 percent to 2,365 units as against 3,030 units in the year-ago month. (Image: Reuters)
Mahindra and Mahindra:  The automaker reported a 3 percent decline in total sales at 45,421 units in May. In the domestic market, sales were down 1.7 percent to 43,056 units last month compared to 43,818 units in May 2018. Exports dropped by 21.9 percent to 2,365 units as against 3,030 units in the year-ago month. (Image: Reuters)
Vedanta: The company has appointed M K Sharma to the company's board as a non-executive independent director with effect from June 1, 2019. (Image: Reuters)
Vedanta: The company has appointed M K Sharma to the company's board as a non-executive independent director with effect from June 1, 2019. (Image: Reuters)
MOIL: The state-run firm has decreased the rates of various grades of manganese ore and other products by 7.5 percent. (Image: Company)
MOIL: The state-run firm has decreased the rates of various grades of manganese ore and other products by 7.5 percent. (Image: Company)
Eicher Motors: Royal Enfield, the two-wheeler division of Eicher Motors, posted sales of 62,371 motorcycles in May, registering a decline of 16.5 percent. Domestic sales stood at 60,211 units in May, as compared with 72,510 units in the same period last year, registering a decline of 17 percent.
Eicher Motors: Royal Enfield, the two-wheeler division of Eicher Motors, posted sales of 62,371 motorcycles in May, registering a decline of 16.5 percent. Domestic sales stood at 60,211 units in May, as compared with 72,510 units in the same period last year, registering a decline of 17 percent.
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