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Top stocks to watch out for on May 2: Jet Airways, Maruti Suzuki, Reliance Capital, RCom

Updated : 2019-05-02 10:00:55

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open lower on Thursday following weak global cues. Asian markets traded lower, with Japan and China shut for holidays, while the dollar held gains after the US Federal Reserve poured cold water on rate cut hopes.

Indian markets were closed on Wednesday on account of Maharashtra Day. On Tuesday, Indian shares settled marginally lower. Ongoing March-quarter earnings season and 2019 Lok Sabha elections would also add volatility to the local markets. Here are the top stocks to watch out for in today’s trade:

Jet Airways: The civil aviation ministry will examine requests of domestic carriers to take away some international traffic rights of Jet Airways, government sources told CNBC-TV18. The airline may soon be asked to vacate the office space at the terminals of all AAI airports, sources close to the development told CNBC-TV18. (Image: Reuters)
Jet Airways: The civil aviation ministry will examine requests of domestic carriers to take away some international traffic rights of Jet Airways, government sources told CNBC-TV18. The airline may soon be asked to vacate the office space at the terminals of all AAI airports, sources close to the development told CNBC-TV18. (Image: Reuters)
Maruti Suzuki India: India's largest carmaker has sold a total of 1.43 lakh units in April 2019, its lowest since December 2018 when it sold 1.28 lakh units. The sales dropped by 17.2 percent from 172,986 units in April last year. (Image: Reuters)
Maruti Suzuki India: India's largest carmaker has sold a total of 1.43 lakh units in April 2019, its lowest since December 2018 when it sold 1.28 lakh units. The sales dropped by 17.2 percent from 172,986 units in April last year. (Image: Reuters)
Reliance Communications: The National Company Law Appellate Tribunal (NCLAT) Tuesday allowed insolvency proceedings against Reliance Communication (RCom) after the Anil Ambani-led firm withdrew a challenge to such a move. RCom will be admitted back to insolvency proceedings after the NCLAT allowed the debt-laden firm to withdraw its petition challenging a decision of the Mumbai-bench of National Company Law Tribunal (NCLT) to initiate such proceedings. (Image: Reuters)
Reliance Communications: The National Company Law Appellate Tribunal (NCLAT) Tuesday allowed insolvency proceedings against Reliance Communication (RCom) after the Anil Ambani-led firm withdrew a challenge to such a move. RCom will be admitted back to insolvency proceedings after the NCLAT allowed the debt-laden firm to withdraw its petition challenging a decision of the Mumbai-bench of National Company Law Tribunal (NCLT) to initiate such proceedings. (Image: Reuters)
Reliance Capital: Rating agency ICRA has downgraded Reliance Capital’s short-term debt worth Rs 950 crore to A4. ICRA said, “The rating watch is with negative implications due to the company’s slow pace of monetization of the non-core investments and liquidity position in Reliance Commercial Finance Limited (RCF) and Reliance Home Finance Limited (RHF).” (Image: Reuters)
Reliance Capital: Rating agency ICRA has downgraded Reliance Capital’s short-term debt worth Rs 950 crore to A4. ICRA said, “The rating watch is with negative implications due to the company’s slow pace of monetization of the non-core investments and liquidity position in Reliance Commercial Finance Limited (RCF) and Reliance Home Finance Limited (RHF).” (Image: Reuters)
Coal India: Coal production in April 2019 rose by 1 percent to 45.29 million tonne while coal offtake rose 2.6 percent to 52.35 million tonne on year. (Image: Reuters)
Coal India: Coal production in April 2019 rose by 1 percent to 45.29 million tonne while coal offtake rose 2.6 percent to 52.35 million tonne on year. (Image: Reuters)
MindTree/Larsen & Toubro: L&T has bought around 20 percent stake of VG Siddhartha and Cafe Coffe Day (CCD)'s stake in Mindtree through block deal worth around Rs 3,200 crore. L&T bought 3.27 crore shares held by Siddhartha and Cafe Coffee Day on Tuesday at Rs 980 per share. (Stock Image)
MindTree/Larsen & Toubro: L&T has bought around 20 percent stake of VG Siddhartha and Cafe Coffe Day (CCD)'s stake in Mindtree through block deal worth around Rs 3,200 crore. L&T bought 3.27 crore shares held by Siddhartha and Cafe Coffee Day on Tuesday at Rs 980 per share. (Stock Image)
Ruchi Soya: Over 95 percent of the lenders to Ruchi Soya voted in favour of Patanjali Ayurveda's resolution plan to take over the company, sources told CNBC-TV18. (Stock Image)
Ruchi Soya: Over 95 percent of the lenders to Ruchi Soya voted in favour of Patanjali Ayurveda's resolution plan to take over the company, sources told CNBC-TV18. (Stock Image)
Britannia Industries: The company reported an 11.82 percent increase in consolidated net profit at Rs 294.27 crore for the fourth quarter ended March 31, 2019. Total income during the period under review stood at Rs 2,860.75 crore as against Rs 2,581.93 crore in the year-ago quarter. (Stock Image)
Britannia Industries: The company reported an 11.82 percent increase in consolidated net profit at Rs 294.27 crore for the fourth quarter ended March 31, 2019. Total income during the period under review stood at Rs 2,860.75 crore as against Rs 2,581.93 crore in the year-ago quarter. (Stock Image)
Indian Oil: IOCL plans to shut units in phases at its northeast plants from August to produce cleaner fuels, two sources privy to the move told Reuters. (Image: Reuters)
Indian Oil: IOCL plans to shut units in phases at its northeast plants from August to produce cleaner fuels, two sources privy to the move told Reuters. (Image: Reuters)
TVS Motor: The two-wheeler maker reported a 19 percent year-on-year (YoY) drop in net profit at Rs 134 crore for the fourth quarter ended March 2019. (Source: Company website)
TVS Motor: The two-wheeler maker reported a 19 percent year-on-year (YoY) drop in net profit at Rs 134 crore for the fourth quarter ended March 2019. (Source: Company website)
NBCC: The state-run company said it has secured the requisite government approvals in order to submit a resolution plan to take over debt-ridden Jaypee Infratech. (stock image)
NBCC: The state-run company said it has secured the requisite government approvals in order to submit a resolution plan to take over debt-ridden Jaypee Infratech. (stock image)
Bharti Airtel/Vodafone Group: The two telecom companies are in talks with a consortium led by KKR to sell over half of their stake in a tower joint venture, reported the Economic Times. (Image: Reuters)
Bharti Airtel/Vodafone Group: The two telecom companies are in talks with a consortium led by KKR to sell over half of their stake in a tower joint venture, reported the Economic Times. (Image: Reuters)
Q4 Results: Bandhan Bank, Blue Star, Bombay Dyeing, Cigniti Technologies, Dabur India, Greaves Cotton, Hindustan Zinc, International Paper APPM, IRB InvIT Fund, Kamdhenu Ltd, Kansai Nerolac Paints, Larsen & Toubro Infotech, Laurus Labs, MRF, National Fertilizers, Radico Khaitan, Sundaram Clayton, Sunteck Realty, Tata Power Company. (stock image)
Q4 Results: Bandhan Bank, Blue Star, Bombay Dyeing, Cigniti Technologies, Dabur India, Greaves Cotton, Hindustan Zinc, International Paper APPM, IRB InvIT Fund, Kamdhenu Ltd, Kansai Nerolac Paints, Larsen & Toubro Infotech, Laurus Labs, MRF, National Fertilizers, Radico Khaitan, Sundaram Clayton, Sunteck Realty, Tata Power Company. (stock image)
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