Stocks to watch out for on Tuesday
he Indian equity markets may extend losses in opening trade on Tuesday on global uncertainties. The SGX Nifty, which was trading at 9,873, indicated that the Nifty may open with marginal loss of 11 points at the opening bell.
Following are the important stocks to watch out for on Tuesday:
Indian Oil Corp: IOC board has cleared Rs 27,000 crore refinery of its Chennai Petroleum unit
IDBI Bank: IDBI Bank has sold 1% stake in SIDBI on Friday, reported a leading business daily.
Chennai Petroleum: Chennai Petroleum is going to set up new 9 mmtpa refinery at Nagapattinam.
GAIL: GAIL plans to set up petrochemical complex in Andhra Pradesh, reported a leading business daily.
SBI: The country’s largest lender on Monday lowered the minimum monthly average balance (MAB) requirement in a savings account to Rs 3,000, from Rs 5,000, and also revised downwards penalties for non-adherence.
HPCL: ONGC will acquire the government’s 51.11% stake in HPCL through a bulk or block deal sometime in November or December at the prevailing market price.
Aditya Birla Capital: Receives in-principle approval from RBI to set up an ARC
Lupin: Lupin has received U.S. FDA nod for Clobetasol propionate topical lotion.