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Stocks in News | IndusInd Bank, JSW Steel, Nestle India & much more

Stocks to Watch – The share market ended on a positive note. The session was mainly accelerated by the movement in the auto stocks. The Sensex closed by 127 points higher to finally stand at 40,686 points while Nifty closed with a gain of 34 points at 11,930 points, making the investors rethink the losses and the profits earned by them with their investments made in the different stocks.

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So, here is the list of the stocks that sealed their position in the news and one must have a watch at them for a good deal.

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IndusInd Bank

IndusInd Bank has nodded a no for having any exploratory talks with Kotak Mahindra Bank for a merger. The private sector lender said in a BSE filing that it denies the rumor in certain media reports concerning a merger proposal.

JSW Steel

JSW Steel reported a decline of over 37 percent in consolidated net profit at Rs. 1,595 crores for the quarter that ended on 30 September 2020. The company had posted a profit of Rs. 2,536 crores during the same period last year.

Nestle India Ltd.

The company reported a marginal downfall in its net profit. The profit of the company moved down by 1.37 percent to finally stand at Rs. 587.09 crores during the quarter that ended on 30 September 2020. While comparing it with the last quarter’s performance the company had posted a net profit of Rs. 595.27 crores during the July-September quarter a year ago.

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Reliance Industries Ltd.

Amazon.com Inc. has secured interim relief in a Singapore arbitration court, stalling partner Future Group’s plan to sell its retail and wholesale assets to a unit of rival Reliance Industries Ltd for Rs. 24,713 crores.

Yes Bank

The standalone net profit of the private sector lender, Yes Bank, stood at Rs. 129.37 crores for the quarter that ended on 30th September. While comparing it with the last fiscal’s performance the bank had posted a net loss of Rs. 600 crores during the last fiscal.

 

Also read: Market HIGHLIGHTS: Sensex falls over 550 pts from day’s high; IndusInd Bank surges 7%, pharma stocks decline