On Friday, the share market closed on a positive note. The session mainly accelerated by robust gains in financial stocks amid positive global cues. The Sensex closed with a gain of 553 points at 41,892 points while the Nifty ended with a gain of 143 points at 12,264 points. Making the investors rethink their investments done in the market. So, here’s the list of stocks that one must look after for a good investment.
On Saturday Adani Enterprises won the Gondulpara coal mine in Jharkhand on the sixth day of the commercial mining auction. Adani Enterprises made a final offer of 20.75 percent revenue sharing for the Gondulpara coal mine.
On Friday, Ashok Leyland posted a consolidated net loss of Rs. 96.23 crores during the quarter that ended on 30th September 2020. While talking about the numbers of last fiscal, Ashok Leyland had posted a consolidated net profit of Rs. 69.95 crores.
During the July-September period, the company’s net debt increased by 56 percent to Rs. 2,733 crores from the previous quarter. This increase in debt is likely to rise further as Godrej Properties continues to invest in acquiring new projects.
Ipca Laboratories is a drug maker company. The company reported a 38 percent increase in the consolidated net profit. The profit made by the company stood at Rs. 266.7 crores for the quarter that ended on 30th September 2020.
The consumer goods major posted a positive sign. The company reported a consolidated net profit of Rs. 3,413.44 crores for the quarter that ended on 30th September 2020. While talking about the same period of the previous year, ITC had posted a net profit of Rs. 4,174.69 crore during the said period.
Union Bank of India has posted a net profit of Rs. 517 crores for the quarter that ended on 30th September 2020. While talking about the year-ago period the bank had posted a net loss of Rs. 1,194 crores.