Stocks to Watch: On Thursday, the Share market ended on a negative note, making investors rethink their investments in different stocks. Here is the list of the stocks from today’s session that must be watched by the investors.
A list of the trending stocks in Share market
Coal India recorded a 55 percent decline in its net profit for the first quarter of the current fiscal year. The company’s profit stood at Rs. 2,079.60 crores, however, the company still managed to surpass analysts’ expectations.
Sterlite Technologies, the data technology company, said that Anupam Jindal, the chief financial officer of the company has resigned from the company and will be relieved from all his duties starting from 11th September.
Infibeam Avenues an Indian internet conglomerate recorded a 58.6 percent downfall in its net profit during the first quarter of the current fiscal and stood at Rs. 12 crores. During the same period in 2019, the conglomerate had reported a total profit of Rs. 29 crores.
For the first quarter of the current fiscal, Dish TV India recorded a total profit of Rs. 74.54 crores. However, during the same quarter in 2019, the company had posted a total loss of Rs. 35.44 crores.
Oil and Natural Gas Corporation (ONGC)
Oil and Natural Gas Corporation (ONGC), the state-owned company is reducing its capital spending this year because of the pandemic related restrictions delayed the projects. According to the sources, the company is unlikely to buy overseas oil and gas assets.
Ashok Leyland is planning to come up with several products for various segments to cater to both domestic and international markets as it aims to de-risk its business. So, the stocks of this company can provide some sort of gains to the investors.
Arvind Fashions, which is known for selling brands like Calvin Klein, Gap, and Tommy Hilfiger, recorded a net loss of Rs. 213 crores during the first quarter of the current fiscal because of the corona virus-induced nationwide lockdowns.