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Stocks to Watch: SBI, TCS, NTPC, PNB and many more

On Tuesday, the Share market ended on a flat volatile note, making investors rethink their investments in different stocks. Here is the list of the stocks from Wednesday’s session that must be watched by the investors.

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A list of the trending stocks

  • Bank of Maharashtra (BOM): BOM has allotted 73.6 crores equity shares to the Government of India (President of India) aggregating to Rs. 831 crores on a preferential basis. With this allotment, the government’s holding in the bank has been increased to 93.33 percent from 92.49 percent.
  • FDC Ltd – Drug firm FDC Ltd on Tuesday launched two variants of the COVID-19 drug Favipiravir under the brand names PiFLU and Favenza respectively. Both the variants are available all across the country for Rs. 55 per tablet for both the variants. However, the share price has fallen by 1.17 percent to Rs. 317.50 per scrip on BSE, from its last trading day.
  • National Thermal Power Corporation Limited (NTPC) – Motilal Oswal has given a buy rating to NTPC with a target price of Rs 137. However, the share price has fallen by 0.53 percent from its last trading day.

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  • Phoenix Mills Ltd – Phoenix Mills Ltd. on Tuesday sold around 8.14 percent stake in the company worth Rs. 833 crores through block deals.
  • Punjab National Bank (PNB) – PNB can perform well in the upcoming sessions as the Ministry of Corporate Affairs on Tuesday gave Rs. 24 crores as the first tranche of recoveries to the bank.
  • State Bank of India (SBI) – Moody’s Investors Service has downgraded SBI’s BCA from ba1 to ba2. This downgrade reflects that the bank’s asset quality and profitability will deteriorate in the future.
  • Tata Consultancy Services (TCS) – S&P Global Ratings has changed its outlook on TCS from positive to stable because of the subdued global IT spending estimates.
  • Tata Motors: Tata Motors will considerably reduce its group automotive debt of Rs. 48,000 crores in the upcoming 3 years. Thus, standing in the list of a good choice for the investors.

 

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