Stocks to Watch| On Monday, the share market closed on a record high note. The Sensex ended with a gain of 704.37 points to 42,597.43 points while the Nifty climbed up 197.05 points to finally stand at 12,461.05 points. So, here is the list of top trending stocks that an investor must watch for a smooth investment game.
Adani Gas has entered into a strategic collaboration with Snam in order to look for clean energy solutions. Snam is an Italy-based firm.
Aurobindo Pharma is done with the acquisition of MViyeS Pharma Ventures.
On of Biocon’s arm, Biocon Biologics has given a green signal to a $150 million fund injection from Goldman Sachs.
Cipla Ltd. is India’s second-largest drugmaker and it has asked its information technology team to be “paranoid” about its cybersecurity following attacks on two large pharmaceutical firms, Dr. Reddy’s Laboratories Ltd and Lupin.
Equitas Small Finance Bank
Equitas Small Finance Bank’s net profit climbed up more than doubled to Rs. 103 crores for the quarter that ended on 30th September 2020.
ITC’s net profit during the quarter that ended on 30th September 2020 moved down by 19.7 percent from Rs 4,023.1 crore to Rs 3,232.4 crore. The revenue collection rose 0.9 percent from Rs 11,976.8 crore from Rs 11,871.5 crore, YoY while EBITDA moved down by 11 percent to finally stand at Rs. 4,060 crores from Rs. 4,562.5 crores.
Mahindra & Mahindra
Mahindra & Mahindra will post its September quarter earnings on Tuesday. While talking about the quarter ended June the company had posted a consolidated net profit of Rs.68 crores.
Maruti Suzuki’s total October passenger vehicle production moved up by 50.7 percent to finally stand at 1.76 lakh from its earlier production of 1.17 lakh, YoY.
Vedanta’s consolidated net profit during the quarter that ended on 30th September 2020 moved down by 61.8 percent to Rs. 824 crores from Rs. 2,158 crores.