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market | IST

Top stocks to watch out for on October 30: Tech Mahindra, HDFC Bank, BPCL

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Indian shares are likely to open lower on Tuesday, tracking weak Asian peers amidst renewed worries over global trade after a Bloomberg report that the United States is preparing to announce tariffs on all remaining Chinese imports by early December. Stocks such as Tech Mahindra, HDFC Bank, BPCL are likely to move in trade today.

Indian shares are likely to open lower on Tuesday, tracking weak Asian peers amidst renewed worries over global trade after a Bloomberg report that the United States is preparing to announce tariffs on all remaining Chinese imports by early December.
At 07.22 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.32 percent to 10,243, indicating a negative start for the Indian market today.
Here are the top stocks to watch out for in today's trade:
  • BPCL:  State-run Bharat Petroleum Corporation Limited (BPCL) on Monday posted a 48.3 per cent decline in its net profit to Rs 1,218.71 crore for the second quarter ended September 2018. The company had earned a net profit of Rs 2,357.40 crore in the same quarter a year ago.
  • Jet Airways:  The airline said on Monday it is actively engaged in updating partners, including lessors, about steps being taken to improve liquidity. The full-service carrier has been grappling with financial woes and has also delayed payment of salaries.
  • Reliance Industries: Reliance took more interest in the country's retail fuel sector and has opened more than 1,300 service stations. The company's shares plunged 6.9 percent on the day of the announcement and are down about 20 percent since their record close on Aug. 28. 
  • Bharti Airtel: The company, in an exchange filing, said the Airtel Africa IPO preparations are proceeding as per the plan and a new board is in place with new investors' representatives.
  • HDFC Bank: The Reserve Bank of India has given its approval to reappoint Aditya Puri as managing director and chief executive officer of to HDFC Bank till October 2020.
  • Allahabad Bank: State-owned Allahabad Bank on Monday raised benchmark lending rate by 5 basis points or 0.05 percent, a move that will make all its loans including home loan costlier.
  • Tech Mahindra: Tech Mahindra and Japanese telecom firm Rakuten Mobile Network on Monday said they have entered into an agreement to set up 5G and 4G network labs in Tokyo and Bengaluru.
  • Tata Power: Tata Power on Monday said its board has approved plan to raise up to Rs 5,500 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.
  • State Bank of India: Country's largest lender State Bank of India (SBI) and payments solution provider Hitachi Payment Services India Monday entered into an agreement to form a joint venture for establishing a card acceptance and digital payment platform.
  • Results on Tuesday: Tech Mahindra, Bank of Baroda, Torrent Power, Chola, CONCOR, IDFC Ltd, Cummin India, Dalmia Bharat, Tata Global Beverages, Pidilite Industries, Ramco cement, IRC infra, Emami Ltd, Teamlease, Symphony Ltd, Blue star, Birla corporation, ABB India, Unichem Lab, Take solutions, Redington Ltd, Prestige estates, Phillips carbon Black, NOCIL, Navkar corp, Navin fluro, Info edge, Motilal oswal financial services, Manpasand Beverages, Bank of Maharashtra, Jindal Stainless (Hisar), JK tyre & industries, Gateway Distriparks, EIH, Dena bank, BASF India, 3M India, Shree renuka Sugars, Talwalkars Better value Fitness, TCI Finance, TD Power, Vakrangee Ltd, Tata teleservices, Welspun enterprises, Alembic Ltd, Bharat Gears, Bhushan Steel, Binani Industries, Borosil Glass works, Eletrosteel Steels, Gujarat Borosil, Hind Rectifiers, JMC Projects, Merck Ltd, National fertilizer, Orient Refractories, Shemaroo Entertainment, Emkay global services, Opto Circuits.
  • (With inputs from agencies)
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