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Top stocks to watch out for on May 15: Jet Airways, L&T Finance, Nestle India, Yes Bank

Updated : 2019-05-15 07:41:18

Indian benchmark indices, S&P BSE Sensex and NSE’s Nifty 50, are likely to open little changed on Wednesday, tracking muted Asian stocks. Shares in Asia traded marginally lower on lingering concerns over the economic impact of a US-China trade war, although an overnight bounce in US stocks limited losses. On Tuesday, Indian shares snapped a nine-day losing streak and settled over 0.5 percent higher. At 7.40 AM, SGX Nifty traded 0.04 percent higher at 11,265.50, pointing to a flat start for the Sensex and the Nifty 50.

Jet Airways: Chief executive officer (CEO) Vinay Dube has resigned with immediate effect due to personal reasons. (Image: Reuters)
Jet Airways: Chief executive officer (CEO) Vinay Dube has resigned with immediate effect due to personal reasons. (Image: Reuters)
DHFL: ICRA downgraded the purchaser payouts/pass-through certificates (PTCs) issued under six mortgage loan securitisation transactions by Dewan Housing Finance Corporation. (Image: Reuters)
DHFL: ICRA downgraded the purchaser payouts/pass-through certificates (PTCs) issued under six mortgage loan securitisation transactions by Dewan Housing Finance Corporation. (Image: Reuters)
Pharma companies: Indian pharma majors Dr Reddy's, Workhardt, Aurobindo and Glenmark, which are among the generic drug makers named in an anti-trust lawsuit in the US, Tuesday denied allegations of engaging in a conspiracy to fix prices. Dr Reddy's said,
Pharma companies: Indian pharma majors Dr Reddy's, Workhardt, Aurobindo and Glenmark, which are among the generic drug makers named in an anti-trust lawsuit in the US, Tuesday denied allegations of engaging in a conspiracy to fix prices. Dr Reddy's said, "We intend to vigorously defend against these allegations and are in the process of filing our response with the District Court of Connecticut.". (Stock Image)
Tata Global Beverages/Tata Chemicals: CNBC-TV18 has learned from sources that Tata Group is set to merge Tata Chemicals consumer business with Tata Global Beverages, and both the companies will be meeting tomorrow to consider and approve the transfer. (Stock Image)
Tata Global Beverages/Tata Chemicals: CNBC-TV18 has learned from sources that Tata Group is set to merge Tata Chemicals consumer business with Tata Global Beverages, and both the companies will be meeting tomorrow to consider and approve the transfer. (Stock Image)
Yes Bank: Former Reserve Bank Deputy Governor R Gandhi has been appointed as an additional director on the board of Yes Bank (Image: Reuters)
Yes Bank: Former Reserve Bank Deputy Governor R Gandhi has been appointed as an additional director on the board of Yes Bank (Image: Reuters)
Union Bank of India: The state-owned bank’s net loss widened to Rs 3,370 crore in the fourth quarter of 2018-19, mainly on account of higher provisioning. The lender said the RBI had pointed out divergence in respect of its provision for NPAs at Rs 27,324 crore for the FY2018 as against Rs 25,044 crore provision reported by the bank. (Image: Reuters)
Union Bank of India: The state-owned bank’s net loss widened to Rs 3,370 crore in the fourth quarter of 2018-19, mainly on account of higher provisioning. The lender said the RBI had pointed out divergence in respect of its provision for NPAs at Rs 27,324 crore for the FY2018 as against Rs 25,044 crore provision reported by the bank. (Image: Reuters)
Vodafone Idea: The board has approved the merger of two wholly-owned subsidiaries, Vodafone India Digital Limited and Idea Telesystems Limited, with the company. (Image: Reuters)
Vodafone Idea: The board has approved the merger of two wholly-owned subsidiaries, Vodafone India Digital Limited and Idea Telesystems Limited, with the company. (Image: Reuters)
L&T Finance Holdings: The company plans to raise up to Rs 195 crore by issuing shares on a preferential basis. (Stock Image)
L&T Finance Holdings: The company plans to raise up to Rs 195 crore by issuing shares on a preferential basis. (Stock Image)
Indian Bank: The bank will take a call on raising Rs 7,000 crore during the second quarter of the current financial year, its Managing Director and CEO Padmaja Chunduru said. (Image: Company)
Indian Bank: The bank will take a call on raising Rs 7,000 crore during the second quarter of the current financial year, its Managing Director and CEO Padmaja Chunduru said. (Image: Company)
Nestle India: The FMCG major reported a 9.25 percent rise in profit to Rs 463.28 crore for the first quarter ended March 31, 2019. Nestle also announced plans to launch organic food products in the category 'milk products and nutrition' in the coming months. (Image: Reuters)
Nestle India: The FMCG major reported a 9.25 percent rise in profit to Rs 463.28 crore for the first quarter ended March 31, 2019. Nestle also announced plans to launch organic food products in the category 'milk products and nutrition' in the coming months. (Image: Reuters)
Results: Lupin, Jubliant Foodworks, Manappuram finance, Amara Raja Batteries, Petronet LNG, Torrent Power; Majesco, Dishman Crabogen, KPIT Tech, Aarti Drugs, ABFRL, Alembic Ltd, Central bank of India, Gujarat Pipavav, J&K Bank, Kesoram Industries, KRBL, Magma Fincorp, Maharashtra Scooters, Waterbase, Welspun Enterprises, Wonderla Holidays, SKF India, Seamec Ltd, Balaji Amines, Cosmo Films, Electrosteel castings, Gulf oil lub, HFCL, Indo rama, Navneet edu, PG Electroplast, The phoenix mills, TAJGVK Hotels, Zuari agro, Adani green energy, Karur Vysya bank  Newgen Software, Mahindra Holiday (Image: Reuters)
Results: Lupin, Jubliant Foodworks, Manappuram finance, Amara Raja Batteries, Petronet LNG, Torrent Power; Majesco, Dishman Crabogen, KPIT Tech, Aarti Drugs, ABFRL, Alembic Ltd, Central bank of India, Gujarat Pipavav, J&K Bank, Kesoram Industries, KRBL, Magma Fincorp, Maharashtra Scooters, Waterbase, Welspun Enterprises, Wonderla Holidays, SKF India, Seamec Ltd, Balaji Amines, Cosmo Films, Electrosteel castings, Gulf oil lub, HFCL, Indo rama, Navneet edu, PG Electroplast, The phoenix mills, TAJGVK Hotels, Zuari agro, Adani green energy, Karur Vysya bank  Newgen Software, Mahindra Holiday (Image: Reuters)
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