Shares of Hindustan Petroleum Corp Ltd (HPCL) may also be in focus.
Shares of Hindustan Petroleum Corp Ltd (HPCL) may also be in focus.

Stocks to Watch: RIL, TCS, Bharti Airtel, Tata Steel, Jewellery Firms

  • SBI may be in focus today with the Supreme Court’s final verdict coming in for one of the biggest insolvency cases - Essar Steel
  • Tata Steel’s long-term rating has been affirmed at BB- by credit ratings agency Standard and Poor’s (S&P)

Here is a list of top 10 stocks that may be in focus on Monday:

RIL: Essar Steel, Adani Group and state-owned GAIL (India) Ltd have bought a majority of natural gas from Reliance Industries Ltd’s (RIL) newer fields in the KG-D6 block at an indicative price of $5.04-5.10 per unit, according to a PTI report. RIL had set a floor at 8.4% of dated Brent price, implying that bidders had to quote 8.4% or a higher percentage to seek gas supplies.

GAIL: The state-run company, Adani Group and Mahanagar Gas Ltd have each bought 0.3 mmscmd (million standard cubic feet per day) natural gas from RIL’s newer fields in the KG-D6 block. Shares of another state-owned firm Hindustan Petroleum Corp Ltd (HPCL) may also be in focus as it has bought 0.35 mmscmd from the block.

TCS: Investors may watch this space as the IT services provider was the lead contributor in 2.4 lakh crore of market capitalisation added last week, according to a PTI report. Its market cap zoomed 1,93,666.73 crore to reach 8,16, 068.63 crore. RIL, HDFC Bank Ltd, Kotak Mahindra Bank Ltd, ICICI Bank Ltd and State Bank of India were among the major contributors last week.

SBI: India’s largest public-sector lender may be in focus today with the Supreme Court’s final verdict coming in for one of the biggest insolvency cases - Essar Steel. The court on Friday said nobody should interfere with the decision of the committee of creditors and that their decision is final, paving the way for ArcelorMittal’s entry to India. The bank has an exposure of more than 13,500 crore.

Bharti Airtel: The telecom operator has withdrawn its bid to purchase assets of bankrupt Reliance Communications Ltd as it termed the move of the committee of creditors to extend the bid submission deadline on the request of Reliance Jio as “extremely unfair" and “biased". According to a PTI report, Airtel’s Director (Finance) Harjeet Kohli wrote a letter to resolution professional Anish Niranjan Nanavaty.

Tata Steel: The steel major’s long-term rating has been affirmed at BB- by credit ratings agency Standard and Poor’s (S&P). The outlook for the steel maker has been revised to stable from positive. Separately, the company has completed its stake sale in its Vietnamese subsidiary NatSteel to Thai Hung Trading for 36 crore.

Jewellery Companies: The government raised duty drawback on gold jewellery to 372.9 per gram and for silver jewellery to 4,332.2 per kilogram, according to a Bloomberg report. Shares of Titan Company Ltd, Rajesh Exports Ltd, Vaibhav Global Ltd, PC Jeweller Ltd and Tribhovandas Bhimji Zaveri Ltd may be under investor lens today.

Vodafone Idea: Brokerages have said the government will not be in conflict with the Supreme Court if it does provide any relief for payments ordered by the court. This after the telecom operator posted India’s biggest ever quarterly loss (July-September) as it made provisions for statutory dues to be paid to the government in the adjusted gross revenue case.

IOC: The state-run company on Sunday launched a special winter-grade diesel that remains unfrozen up to minus 33 degree Celsius. The fuel would help provide year-round access to snow-capped border regions, and is part of India’s efforts to speed up strategic road connectivity. It will help Indian security forces to stock up on crucial supplies and ammunition that gets cut off due to bad weather in winters.

NBCC: The state-owned infrastructure development company revised its bid to acquire bankrupt Jaypee Infratech Ltd by offering lenders 1,426-acre land instead of 950 acres offered earlier. The company has also offered providing 3,000 benami flats to the lenders, according to a Mint report. Recently, the Supreme Court ordered that only NBCC Ltd and Surakaha Realty could bid to acquire Japyee Infratech.

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