Stocks to Watch: On Tuesday, the share market ended on a positive note mainly accelerated by global markets and buying sentiment in the pharma space. The Sensex ended 268 points higher at 39,044 points while Nifty closed with a gain of 82 points at 11,522 points, making the investors rethink their investments made in different stocks.
So, here is the list of some of the stocks to watch out for a good investment in the share market.
Aviation industry Stocks
Hardeep Singh Puri, the Civil aviation minister, announced that InterGlobe Aviation has modified engines in all of its 134 (A320/321) aircraft with Pratt and Whitney turbines. Thus, increasing optimism among investors.
COVID-19 vaccine study is on hold in the U.S. and other parts of the world as the regulatory authority is reviewing which took place in the U.K where a participant became ill after the use of the vaccine.
After being severely hit by the pandemic, the auto sector witnessed a gradual pick in the sale starting from June. Moreover, automakers are also hoping that passenger vehicles and two-wheeler sales to improve during the festival season however, skyrocketing COVID-19 cases still puts a question to it.
The telecom company joined its hand with Sterlite Technologies and now it aims to build a modern optical fiber network for Airtel across 10 telecom circles.
Dish TV is about to shift 50 percent of its set-top box production to India by the first quarter of fiscal 2021.
IDBI Bank may witness a LIC’s sale as LIC is planning a gradual sale of its 51 percent stake in the Bank. In January 2019, it bought a 44 percent stake in IDBI Bank for Rs. 21,624 crores. This investment in the bank saved it from collapsing.
The airline company has recorded a net loss of Rs. 600.5 crores in Q1FY21.