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Stocks to watch out for on Monday

ndian benchmark indices are likely to the start the week on a positive note on the back of strong global cues. The SGX Nifty, which was trading at 9,981, indicates that the Nifty could gain 34 points at the opening bell.

Following are the important stocks to watch out for in Monday’s trading session:

IL&FS Engineering: IL&FS Engineering and Construction Company has received letter from Paschimanhal Vidyut Vitran Nigam Limited, Meerut (PVVNL) for termination of contract for rural electrification works (RE works) of villages of Moradabad district. As per the Company, the termination is illegal. Accordingly, the Company is in the process of initiating legal/ contractual actions against the said termination to protect its rights and entitlements in terms of the provisions of the Contract

Religare Enterprises: The company’s wholly owned subsidiary, RGAM Investment Advisers has executed agreements to divest its stake in Cerestra Advisors.

RBL Bank:  The bank has launched its digital product, Insta Redemption Solution, exclusively for LIC Mutual Fund, at the LIC Mutual Fund Head Quarters in Mumbai.

Mahindra & Mahindra: The company launched three-wheeler e-Alfa mini electric rickshaw at Rs 1.12 lakh (ex-showroom Delhi).

Idea Cellular: The telecom company will seek shareholders’ nod on October 12 for merger with Vodafone.