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Stocks to Watch| Reliance Industries, Tata Motors, Infosys, ITC, Coal India & much more

Share market

Stocks to Watch: On Friday, the Share market ended on a negative note, making investors rethink their investments in different stocks. Here is the list of the stocks from today’s session that must be watched by the investors.

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A list of the trending stocks in the Share market during Friday’s session

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Reliance Industries

Silver Lake Partners is in the process to invest $1 billion in Reliance Retail, taking RIL’s retail at about $57 billion.

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Tata Motors

Energy Efficiency Service Ltd, a joint venture between public sector units under the Ministry of Power, has announced the procurement of 250 long-range electric vehicles (EVs) from the company and also Hyundai Motor India, to be used by the government officials. The shares of the company ended 5 percent higher during the last trading day.

IndusInd Bank

IndusInd Bank has approved the allotment of 47 million shares to marquee investors in order to raise Rs. 2,495.79 crores. Also, the shares on the bank ended 2.10 percent higher on Friday.

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Infosys

Infosys this week shared its plan that the company has acquired Kaleidoscope Innovation, a US-based product designing company.  Infosys is looking to expand its engineering service.

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ITC

ITC Limited, a Multinational conglomerate company, is planning for amalgamation of Sunrise Foods, Hobbits International Foods, and Sunrise Sheetgrah, these companies are subsidiaries of ITC.

PNB Housing Finance

PNB Housing Finance is planning to lay off nearly 5 percent to 7 percent of its employees in order to maintain its business and related cost amid this ongoing pandemic.

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Trident

The company is getting back on track in terms of its operations manufacturing activities mainly at Madhya Pradesh’s Budni.

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Coal India

The state-run firm, Coal India, recorded a net fall of 55 percent in its net profit as the revenue generation for the first quarter of the year fell by 26 percent. The coronavirus induced disruption is the main cause behind this fall.

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Also, read India has third highest death toll: Ban on international flights till 30th September