Stocks to Watch: on Friday the share ended on a positive after showing a mix of reds and greens as the market was trading lower in the morning session but closed in the green. Nifty increased by 29 points to finally stop at 12,720 points and Sensex increased by 86 points to finally stop at 43,443 points, making the investors rethink their investments made in different stocks. So, here is the list of some of the stocks that one must watch for a good investment.
The company’s board has given a green signal to the sale of its existing asset reconstruction business.
During its September quarter, Eicher Motors has reported a 40 percent decrease in its consolidated net profit. The company’s net profit stood at Rs. 343 crores.
Kalpataru Power’s arm Kohima-Mariani Transmission has successfully commissioned and completed Element-2 of the Imphal-New Kohima line of the project.
Mahindra & Mahindra
On 17th November, Mahindra & Mahindrameet is about to meet MFS Investment Management.
Punjab National Bank (PNB)
Due to contravention of payment and settlement guidelines, the RBI has imposed a penalty of Rs. 1 crores on Punjab National Bank.
The sources confirmed that SSAB and Tata Steel are in discussion regarding a potential acquisition of Tata Steel Europe’s IJmuiden steel mill and other related downstream assets. At the same time, Tata Steel also confirmed that it has initiated the process to separate its Netherlands and U.K. business.
Tata Consultancy Services (TCS)
As per the sources, TCS has agreed to acquire Pramerica Technology Services from insurance giant Prudential Financial Inc. thus, making it a much-watched stock.
IT giant, Wipro, is planning to roll out a new operating model from 2021 under which its business will be restructured into four strategic market units. The new operating model the company will also simplify the company’s delivery model. The company is planning this new operating model to increase growth in the non-US markets also.