Stocks to Watch: The last share market session ended on a negative note, making the investors thinking about the investments in different stocks. So, here is the list of some of the stocks that one must keep a watch on for a smooth deal.
CG Power reported a consolidated net profit of Rs. 109.37 crores for the quarter that ended on 30 September 2020. Thus, standing high on the watch list.
Jio’s rival, Bharti Airtel reported its highest-ever quarterly consolidated revenue. The total revenue collection increased by 22 percent to finally stand at Rs. 25,785 crores in the September quarter. The net loss of the company narrowed to Rs. 763 crores.
ICICI Prudential Life Insurance
ICICI Prudential Life Insurance’s net profit in Q2FY21 increased to Rs. 302.46 crores against Rs. 301.84 crores, YoY.
Infosys has completed the acquisition of Blue Acorn iCi. Earlier this month the company had also announced inking a pact to acquire Blue Acorn iCi.
JM Financial posted a total profit of Rs. 139.06 crores for the quarter that ended on 30 September 2020. While comparing, a growth of 7.31 percent had taken place during the same period last year, despite a 5.6 percent decline in revenue due to the coronavirus outbreak.
Sanofi India recorded a net profit of Rs. 132.9 crores for the September quarter ended. The company had recorded a net profit of Rs. 126.6 crores during the same period last year.
Tata Motors reported a consolidated loss of Rs. 314.5 crores in Q2FY21 as compared to a loss of Rs. 216.6 crores, YoY. Revenue collection by the company fell to Rs. 53,530 crores against Rs. 65,431 crores, YoY.
Vedanta Resources Ltd.
Vedanta Resources Ltd’s (VRL) failed attempt to take full ownership of its profitable operating subsidiary Vedanta Ltd will weaken liquidity.
Wipro has signed an agreement for up to Rs. 95 crores in order to acquire Encore Theme Technologies.