Stocks to Watch – On Wednesday, the share market ended on a positive note. The session remained on a flat note on Wednesday after gains from FMCG, pharma, and IT. The Sensex ended 95 points higher to 38,068 points while Nifty closed with a gain of 25 points at 11,248 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.
Automobile makers will release their monthly sales data on Wednesday.
Chemical Speciality Chemicals
The company is debuting on Thursday. The company is expecting a massive investor demand, the company was subscribed a whopping 149 times on the last day of bidding on Wednesday.
Gas distribution companies
The shares of gas distribution companies including ONGC, Oil India may be in focus, as the government has slashed the natural gas prices by 25% to USD 1.79 from USD 2.39– the lowest rate on record.
Punjab National Bank
Punjab National Bank (PNB) has announced its exposure of Rs. 1,203.26 crores to Sintex Industries Ltd (SIL) as a fraud. In this case, PNB said it has made provisions of Rs. 215.21 crores.
Reliance Industries Ltd.
The company has attracted an additional investment of Rs. 1,875 crores by Silver Lake into Reliance Retail Ventures Limited (RRVL). RRVL a subsidiary of Reliance Industries Ltd. The total investment now stands at Rs. 9,375 crores.
PVR, Inox Leisure
From 1st October, the government is ready with a new set of guidelines as it has allowed and permitted more activities in areas outside the containment zones. Under this relaxation, the cinemas, theatres, and multiplexes will resume their services with up to 50 percent of their seating capacity starting 15th October.
The Telecom Regulatory Authority of India has released a new set of rules for international mobile roaming. As per these new sets of rules, the telecom operators must ensure such services are deactivated by default and start only when consumers ask for it.