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Stocks to Watch: Adani Gas, IndusInd Bank, PVR & much more

Stocks to Watch

Stocks to Watch: On Tuesday, the Sensex and Nifty closed in the green. The Sensex stopped with a gain of 144 points at, 39,758 points, while the Nifty closed with a gain of 27 points at 11,669 points. Making the investors rethink investment done in different stocks. So, here’s a list of top stocks that one must keep their eyes on.

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Adani Gas

Adani group’s arm – Adani Gas has reported a record net profit in the quarter that ended on 30 September. The company reported a positive output because the sales returned to pre-covid levels quicker than anticipated. Net profit in the July-September quarter stood at Rs. 136 crores were 13 percent higher than the profit made by the company a year ago. Thus, standing on top of the watchlist.

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IndusInd Bank

On Tuesday, UBS Principal Capital Asia Ltd. sold shares of IndusInd Bank worth nearly Rs. 148 crores through an open market transaction.

JMC Projects

JMC Projects reported a consolidated loss of Rs. 18.13 crore for the quarter that ended on September 30.  The company reported this loss mainly due to lower revenue collection. JMC Projects (India) had made a profit of  Rs. 14.44 crores in the year-ago period.

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Stocks to Watch
Stocks to Watch

National Thermal Power Corporation Limited

National Thermal Power Corporation Limited (NTPC) received the board’s approval for a share buyback of up to 197.8 million equity shares for Rs 2,275.74 crore, as part of capital restructuring.

NCC

NCC has received one new order worth Rs. 833 crore in the month of October.

PVR

PVR Ltd reported a consolidated net loss of Rs. 184.06 crores for the quarter that ended on September 30. The company posted a consecutive quarterly loss because the film exhibition business continued to be impacted by the pandemic and related restrictions.

Wipro

The company announced the launch of its dedicated Wipro AWS Business Group (WABG), a unit designed to help customers fast-track their cloud transformation journey on AWS.

 

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