Stocks to Watch| Aviation stocks, CG Power, Edelweiss Financial Services & much more

Stocks

Stocks to Watch: On Wednesday the share market ended in the negative, 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.

Aviation Stocks

The aviation stocks may get dragged as customers are not coming in good numbers. So, the airline companies may not rush to utilize up to 60 percent of their capacity.

CG Power

CG Power

The market regulator, Securities, and Exchange Board of India (Sebi) have sent notices to CG Power and Industrial Solutions Ltd. This notice was sent after a forensic audit nodded that funds were diverted from the company.

Edelweiss Financial Services

market

Edelweiss Financial Services’ extension, Edelweiss Broking, is looking for various alternatives to increase its client base. The company has entered into a non-disclosure agreement with its target entities.

Jindal Steel and Power (JSPL)

market

The company official said in a statement that the company is expecting to produce around 7-7.5 million tons in fiscal 2021. Long products may witness strong demand in the second half of 2020 with lockdown easing and government spends rising.

Pharma Stocks

 

Pharma Stocks stands to be the most-watched stocks as the Indian government is planning to facilitate a phase 3 trial for Russia’s Sputnik V vaccine. To facilitate this phase 3 trial several Indian pharma companies are in touch to manufacture the vaccine in masses, NITI Aayog member (health) V.K. Paul said on Tuesday.

Power Grid Corp

On Tuesday, the Cabinet Committee on Economic Affairs (CCEA) gave a green signal to monetize state-run Power Grid Corp. of India Ltd’s (PGCIL) transmission projects that were won through a bidding process.

Wipro

Wipro

Wipro is planning to set up a digital innovation hub in Dusseldorf, Germany. The hub is expected to provide service to the companies in Europe and it will also offer digital transformation expertise to other companies working in Germany.

Also, read Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove