Top stocks to watch out for on March 27: Mindtree, Jet Airways, PNB

SUMMARY

The Indian market is set for a tepid start on Wednesday following global cues. Asian shares slipped as investors remained wary of the outcome of the trade negotiations between US and China and the fact that there was a sharp shift in US bond markets, adding to the uncertainty of the implications for the world's top economy. Here are the top stocks to watch out in today's trade:

By CNBC-TV18Mar 27, 2019 7:29:25 AM IST (Published)

Blue Star: Air-conditioner and commercial refrigeration major Blue Star plans to commission its greenfield unit at Sri City in Andhra Pradesh by the financial year 2022, a top official said on Tuesday. (stock image)

Unitech: Crisis-hit realty firm Unitech Ltd on Tuesday said the company has sold its power transmission business to Sterling and Wilson for Rs 100 crore. (stock image)

GMR Infrastructure: A consortium led by GIC Private Limited including a Tata Group entity and SSG Capital Management are likely to buy 40 percent stake in GMR Airport's arm for around Rs 8,000 crore, sources privy to the developments told CNBC-TV18.

Punjab National Bank: The Reserve Bank of India (RBI) has imposed a $289,880 penalty on Punjab National Bank for failing to comply with its guidelines on the use of the global payments network SWIFT, the state-run lender said on Tuesday.

Jet Airways: New investor in the cash-strapped Jet Airways will have to bring in about Rs 4,500 crore capital for running the airline, according to a senior SBI official. The airline also submitted to the government an ambitious plan of flying 75 aircraft from April 26.

Allahabad Bank: State-owned Allahabad Bank on Tuesday said it would raise up to Rs 4,000 crore equity capital by various means including public issue. (stock image)

Oberoi Realty: In an effort to give a new face to the brand, hospitality chain Oberoi Hotels and Resorts on Tuesday unveiled a new brand identity, Oberoi Sun, and added a tag line 'Heart. Felt.'(stock image)

Mindtree: The board on Tuesday decided not to proceed with the proposed buyback of equity shares of the company and it has formed a panel of directors to evaluate the open offer from L&T, the company said in an exchange filing.

L&T: Larsen & Toubro Ltd (L&T) made an open offer on Tuesday to acquire a 31 percent stake in IT services firm Mindtree Ltd for Rs 5030 crore ($730.20 million). (stock image)

Bank of Baroda: Public sector lender Bank of Baroda on Tuesday said it will develop an agri-digital platform called 'Baroda Kisan' in order to provide solutions for all major agricultural requirements.