Stocks to Watch| Apollo Stocks, Bank Stocks, RIL & much more

Stocks

Stocks to Watch: On Monday, the share market ended in a negative after the financial sector slipped during the trade. Moreover, S&P Global expects that now India’s GDP will shrink by 9 percent this fiscal which was earlier expected to shrink by 5 percent 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.

Apollo Hospitals Enterprise

Stocks

Apollo Hospitals Enterprise has recorded a total loss of Rs. 226.2 crores in Q1FY21 as against a profit of Rs 49.2 crore, YoY.

The company’s revenue collection went down by 15.6 percent to stand at Rs. 2,171.5 crores as against Rs. 2,571.9 crores, YoY.

Banking sector stocks

Under the banking sector, mainly public sector banks are poised to get Rs. 20,000 crores through recapitalization bonds during this fiscal. This step will help the banking sector to gain their momentum back after being severely hit by the pandemic.

Also on Monday, the Reserve Bank of India (RBI) asked the other banks to upgrade their systems in order to ensure automation of non-performing asset (NPA) identification.

ICICI on Monday said it has been exempt from provisions of the Banking Regulation Act relating to its investments in its insurance companies. While the bank has no immediate plans of divesting stake to less than 50% in the life insurance company, it is looking to bring down its shareholding in the general insurance.

Reliance Industries Ltd.

share market

After becoming the country’s first company to surpass $200 billion market value Reliance Industries Ltd. (RIL) is ready to sell about a 10 percent stake to financial investors.

According to the reports, $5.7 billion worth of shares has been taken up.

Tata Motors

share market

The country’s major car manufacturer, after being severely hit by the coronavirus pandemic, Tata Motors has increased up to its monthly production to 16,000-18,000 cars for the coming months.

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