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Stocks to Watch| Auto Stocks, Bank Stocks, Hindalco, IRCTC & much more

Stocks

Stocks to Watch: On Thursday, the share market ended in a positive note by 1.5 percent higher, making the investors rethink their investments made in different stocks.

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So, here is the list of some of the stocks to watch out for a good investment.

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Auto Stocks

Automobile dealers are expecting that the stocks of two-wheelers and passenger vehicles are expected to rise to at least 35-40 days by the festival in mid-October this year.

Bank Stocks

On Thursday the finance ministry announced that it has set up an expert committee to look after the impact of waiving interest payments on loans under moratorium. Meanwhile, the SC has extended an interim loan moratorium to 28 September and told banks not to tag any loans as non-performing until further orders.

Hindalco

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Aditya Birla Group chairman Kumar Mangalam Birla said at the company’s AGM on Thursday said that the company will be back to its pre-pandemic levels by the second half of FY21.

IRCTC

share market

The government has extended the date for bid submission to 14 September. The bid submission to be done by the merchant bankers for divestment of its stake in the company. Bids were earlier panned to be submitted between 4 September and 10.

Manufacturing

The country is planning to offer incentives worth Rs. 1.68 trillion ($23 billion) in order to attract companies to set up their manufacturing units in the country. The government will offer production-linked incentives to automobile manufacturers, solar panel makers, and specialty steel to consumer appliance companies.

Reliance Industries

On Thursday, the Reliance Industries became the country’s first company to surpass $200 billion market value due to which the shares of the company increased by 166 percent since mid-March. This was mainly accelerated by its retail and telecom operations.

Yes Bank

Stocks

On Thursday, Yes Bank announced that it has completely repaid the Reserve Bank of India (RBI) the entire Rs. 50,000 crores of Special Liquidity Facility it had availed.

Also, read Moody’s, Fitch sound alarm bell on NPAs, but fail to scare investors; bank stocks surg