Stocks to watch| Aviation stocks, Bharat Petroleum, Hindustan Petroleum & much more

On Wednesday, the share market ended on a positive note mainly accelerated by buying in auto, realty, and pharma stocks. The Sensex ended 259 points higher at 39,303 points while Nifty closed with a gain of 83 points at 11,605 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 stocks

Airline companies have received an interest-free credit of at least $1.5 billion from the country’s government. After being severely hit by the pandemic the airline companies want the government’s help to persuade aircraft lessors to ease leasing terms.

Meanwhile, the Civil Aviation Minister, Hardeep Singh Puri said that the airlines are appealing to banks and other lenders to defer repayment of loans to the aviation industry by six months.

Bharat Petroleum

Bharat Petroleum Corporation Ltd may acquire Oman Oil Company Ltd’s stake in Bharat Oman Refineries Ltd. The company in June had further widened its stake in the refinery to 63 percent from 50 percent.

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Stocks

Hindustan Petroleum

Mukesh K Surana the chairman of Hindustan Petroleum said during the company’s 68th AGM that the company will invest over Rs. 60,000 crores in order to develop infrastructure within the next five years.

Infosys

Infosys CEO Salil Parekh said in an interview that the company has started salary hikes and promotions. The company is also planning to start massive recruitments worldwide. It is adding another 12,000 employees to its US headcount. Thus, a positive cue for the future.

Pharma stocks

Symptoms that prompted the University of Oxford and partner AstraZeneca Plc to pause trials evaluating their experimental coronavirus vaccine probably weren’t related to the shot itself, according to documents sent to participants.

Reliance Industries Ltd.

Reliance Industries Ltd. hit Rs. 16 trillion in market capitalization on Wednesday. Year to date, the company’s stock has risen by 56.7 percent.

 

Also read: The consumption of diesel, petrol and aviation fuel grew by 70% in May as compared to april