Stocks Watchlist | Aarti Industries, Axis Bank, & much more

Stocks Watchlist

On Friday, the share market ended in a negative territory mainly dragged down by losses in FMCG stocks, banks, and auto sectors. The Sensex closed with a loss of 136 points to 39,614 points while the nifty closed with a loss of 8 points to 11,642 points. These losses in the numbers are making the investors rethink their investments done in different stocks. So, here is the list of stocks that were in news and that investors must keep their eyes on.

Aarti Industries

The rating firm CRISIL has upgraded the long-term rating of the company from CRISIL AA-/positive to CRISIL AA/stable.

Axis Bank

Axis Bank’s arm is to planning to buy up to 19 percent stake in Max Life as against the 17 percent investment that the company made earlier.

Bank of Baroda (BoB)

The Bank has announced a 15 basis points reduction in its repo-linked lending rate from 7 percent to 6.85 percent. It will be effective from 1st November 2020.

Just Dial

Just Dial has reported a lower consolidated net profit. The profit made by the company during the quarter stood at Rs. 47.34 crores.

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DLF

DLF has reported a 48 percent decrease in its consolidated net profit. The profit made by the company stood at Rs. 232.14 crores for the quarter that ended on 30 September. While comparing with the year-ago period the company’s net profit was Rs. 445.83 crores.

Maruti Suzuki

Maruti Suzuki India Ltd. (MSIL) is India’s largest carmaker company and it has reported a 19 percent surge in its October wholesale volumes at 182,448 units, including exports. This surge in the number was mainly seen due to the increased demand during the festive season.

Reliance Industries Ltd.

Reliance Industries has reported a consolidated profit of Rs. 9,567 crore in Q2FY21, against an adjusted profit of Rs. 8,380 crore in the June quarter. stocks  The company’s consolidated revenues jumped about 27.2 percent sequentially to Rs. 1,28,385 crore QoQ.

 

Also read: Rating agency Crisil on Monday said that the bank credit growth will likely nosedive to 0-1% in FY21 due to covid-19