Stocks to Watch – On Tuesday, the share market ended on a negative. The session remained a little unchanged as banking, financials, pharma, and FMCG stocks turned negative soon after opening. The Sensex ended 8 points lower to 37,973 points while Nifty closed with a loss of 5 points at 11,222 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.
Arvind Lifestyle Brands Limited and Gap Inc. have decided to mutually terminate their franchise business relationship within the country. The Gap business delivered revenues of around Rs. 182 Crores. As the next steps, both companies will work out modalities regarding the transition of the Gap business.
Care Ratings has reaffirmed ‘double-A plus’ credit ratings and a stable outlook on long and short-term bank facilities of DB Corp worth Rs. 299.25 crores.
On Tuesday, Future Enterprises Ltd (FEL) reported a fresh default on interest payment of non-convertible debentures (NCDs). At present Future Enterprises Ltd is having some financial crisis. The company had last week also informed default on interest payment of another non-convertible debenture.
GMM Pfaudler’s 17.6 percent stake sale has attracted regulatory scrutiny over allegations of insider trading involving short selling of the company’s shares. The company’s stake sale was done at a heavy discount to the market price, according to a Mint report.
Housing Development Finance Corporation
National Company Law Tribunal, Mumbai vide its order dated September 29, 2020, has sanctioned the scheme of Amalgamation for the merger of Housing Development Finance Corporation (HDFC)ERGO Health with and into HDFC ERGO.
Indiabulls Ventures has raised Rs. 441 crores by selling shares to a clutch of investors such as American fintech investor Ribbit Capital.