Stocks in news: Mahindra Holidays, BHEL, Jyothy Labs, GMR Infra, Idea

MUMBAI: The Indian markets are likely to extend overnight losses and open on a subdued note tracking cues from global peers. The trade is expected to remain choppy with stock-specific action as the session progresses.

Following are the stocks that are likely to be in action in trade today:

Mahindra Holidays: The company has sold stake in BAH Hotelanlagen & MHR Hotel.

BHEL: Heavy Industry Minister has said the government is not looking at divestment in the company currently.

Jyothy Labs: The company has alloted 1.5 crore preference shares to Sahyadri at Rs 175.15/share.

Syndicate Bank: The bank board has approved Rs 200 crore preferenticla share issue to the government.

Bank of Baroda: The board has approved Rs 550 crore preferential share issue to the government.

Gujarat Pipavav: The environment ministry has approved port expansion post review of NGT order.

Reliance communications: The company has increased 3G mobile internet rates by 26 per cent and reduced benefit on internet packages by 60 per cent.

GMR Infra: The company is looking to sell Emco Energy to reduce debt. It has appointed JPMorgan as advisor for transaction.

Idea Cellular: The company has received a letter from Department of Telecom imposing a penalty of Rs 600 crore for alleged violation of licence conditions in its merger deal with Spice Communications.