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Stocks to Watch | BPCL, Jet Airways, IIFL Finance & much more

Stocks to Watch – On Monday, the share market ended on a positive note mainly accelerated by gains in the Asian markets which further uplifted the sentiment. The Sensex ended 593 points higher to 38,981 points while Nifty closed with a gain of 177 points at 11,227 points, making the investors rethink their investments made in different stocks.

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So, here is the list of some of the stocks to watch out for a good investment in the share market.

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Bharat Petroleum Corporation Ltd.

On Monday, Bharat Petroleum Corporation Ltd. (BPCL) defended it paying $54 million on behalf of its bankrupt partner Videocon group.

IIFL Finance

On Monday, Moody’s Investors Service downgraded IIFL Finance corporate family rating (CFR) from B1 to B2 because of the company’s asset quality concerns.

Jet Airways

On Monday, the Committee of Creditors (CoC) of Jet Airways (India) Limited gave the airline’s bidders to come up with a revised offer by the end of this month.

Max Healthcare

Max Ventures Investment Holdings has sold shares worth of Rs. 182 crores in Max Healthcare Institute. They sold the shares through an open market transaction. As per the data available on the BSE, Max Ventures Investment Holdings offloaded 1.67 crore shares of Max Healthcare.

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Stocks to Watch – Max Healthcare

Shalby

An enabling resolution has been passed by the board of directors of Shalby in order to reduce the promoters’ holding. At present reduce the promoters’ holding is around 79.45 percent and the company wants to cut it to 75 percent.

Tata group firms

As per the Mint’s report, the Shapoorji Pallonji group will offer the Tata group easy terms in order to help the company to buy out the Mistry family’s Rs. 1.5 trillion stakes in Tata Sons Ltd.

Telecom companies

The Cellular Operators of India is in talks with the department of telecommunications to allocate spectrum in the E and V bands. These bands are very much crucial for 5G services.

 

Also read: Moody’s downgrade spree continues, ratings of Infosys, TCS, Adani Green, and GAIL trimmed down