Stocks to Watch – On Monday, the share market ended on a positive note. The session ended over 1 percent higher because of the gains in the banks, financials, and metals stocks. The Sensex closed by 448.62 points higher to finally stand at 40,431.60 points while Nifty closed with a gain of 110.60 points at 11,873.05 points, making the investors rethink about the losses and the profits earned by them with their investments made in the different stocks.
Here is the list of some of the stocks that one should watch for a good investment.
Gautam Adani on Monday received a green signal from the Kerela high court to operate the Thiruvananthapuram airport. In February 2019, Adani Enterprises Ltd had won the rights to operate six airports, including the one in Thiruvananthapuram, in an auction conducted by the Airports Authority of India.
Bharat Petroleum Corporation Limited
Indian public sector company, Bharat Petroleum Corporation Limited’s ( BPCL) privatization bid deadline will not be extended for the 5th time. The current deadline remains on 16th November.
Raw Pressery mainly known for its premium quality cold-pressed juices is in the talking stage with multiple packaged consumer goods firms, including ITC. The company is mainly looking for either divesting stake or getting on board a strategic investor for the juices division.
India’s largest car manufacturing company, Maruti Suzuki is considering a series of steps to improve the conditions of its struggling dealers. The company may also lookup for increasing the dealer margin on cars post-festive season to provide their dealers support.
Public sector units
The Indian government has asked at least eight state-run companies to consider share buybacks in this fiscal as it looks for ways to raise funds to rein in the fiscal deficit, Reuters reported citing sources.
These state-run companies include
- Coal India
- Engineers India Ltd.