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market | IST

Top stocks to watch out for on November 20: Yes Bank, Jet Airways, GAIL

The Indian market is set for a negative opening on Tuesday, following its Asian peers which suffered extended overnight losses on Wall Street as technology stocks slumped. Investor sentiments may also remain mixed post the RBI board meeting that concluded on Monday evening.
At 07.00 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.36 percent to 10,743, indicating a negative opening for the Indian market.
Here are the top stocks to watch out for in today's trade:
Yes Bank: After the exit of Ashok Chawla and Vasant Gujarati from the board of Yes Bank, another director Rentala Chandrashekhar has resigned from his post citing personal reasons, the private sector lender said.
Jet Airways: The civil aviation ministry seems to be in no mood to provide any helping hand to cash-strapped Jet Airways (India) Ltd as top officials of the government said that issues of a private airline have to be dealt by the concerned stakeholders.
GAIL: State-run gas utility firm GAIL (India) and Gujarat Energy Transmission Corp (GETCO) have moved the National Company Law Tribunal (NCLT), seeking rejection of ArcelorMittal's Rs 42,000-crore takeover plan for Essar Steel, saying operational creditors have been left out in the proposal.
Oil India Ltd.: The board approved issues of debt securities for the aggregate principal amount not exceeding Rs 4,000 crore in foreign currency, to meet on December 3 regarding share buyback.
PSP Projects:  The company has bagged new institutional & industrial projects worth Rs 372.47 crore from various clients including two projects of Rs 208.49 crore in which the company has been ranked the L1 bidder (Lowest Bidder) by regulatory authority.
HDFC: The company on Monday said it has issued masala bonds under its MTN programme and raised Rs 500 crore. It will offer a coupon of 8.75 percent per annum payable semi-annually for tenor of 5 years and 1 day. The bonds are unrated and will be listed on the LSE's International Securities Market (ISM), it said.
Future Enterprises: Future Enterprises on Monday said it has acquired Ritvika Trading Pvt Ltd. The company has acquired 100 percent of equity share capital of trading firm Ritvika Trading Pvt Ltd, the company said in a filing to BSE.
Indian Oil Corp: The company said it will infuse Rs 1,200 crore over the next 6-7 years to create infrastructure of laying LPG pipeline and installing CNG stations in the two Burdwan districts of West Bengal. It will build 80 CNG stations for automotive fuel and offer a minimum of 2.5 lakh of piped gas connections in the next 8 years.
Kridhan Infrastructure: The company won an order for construction of link sewers for the DTSS Phase 2 project from the Public Utilities Board, Singapore worth Rs 195 crore.
UltraTech Cement: The Supreme Court on Monday upheld UltraTech's bid for Binani Cement, dismissing Dalmia Bharat's plea seeking stay on the former's bid. The apex court said that it found no infirmities with the National Company Law Appellate Tribunal's (NCLAT) order.
(With inputs from agencies)