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Stocks to watch out for on Tuesday

Here are the stocks to watch to watch out for on Tuesday.

Hotel Leelaventure: American PE fund Marigold Capital has agreed to buy hotel chain Leelaventure’s 326 room hotel in Chennai, ending years of speculation about the potential buyers of the property, reported a leading business daily.

PNB: PNB Metlife may be the fourth life insurance company to list on stock exchanges as the company looks to raise funds, reported a leading business daily. The company could be valued at over Rs 8,000 crore.

Indraprastha Gas: Indraprastha Gas is set to win India’s Karnal City, Haryana Gas license.

HDFC Bank: HDFC Bank has joined SBI and ICICI Bank as domestically systemically important banks (D-SIB) in 2017. Under the D-SIB framework, these banks are required to maintain additional Common Equity Tier-1 capital, reported a leading business daily.

Karnataka Bank: Karnataka Bank has reduced one-year MCLR by 5 basis point to 8.85% per annum.

Indian Overseas Bank: Indian Overseas Bank has allotted 2.85% stake to the government on a preferential basis.

Reliance Capital: Shares of Reliance Capital to trade ex-finance business from Tuesday.