Stock trading is gaining more attention these days, and many investors are investing in stocks. So it’s important to assess the stocks to know where to invest.
Pay Attention to These Stocks
Here are the stocks that you need to keep an eye on.
1. RIL
After days of ending the partnership with Future Group, 7-Eleven Inc (SEI), which is Dallas-based, signed an agreement with Reliance Retail Ventures to launch various convenience stores in India. The first store of 7-Eleven will be inaugurated on Saturday in Andheri, Mumbai. RRL said in a statement that it will establish 7-Eleven stores in the key neighborhoods and commercial areas, starting with Greater Mumbai Cluster.
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2. MACROTECH DEVELOPERS
The company recorded an 88 percent growth to Rs 2,003 crore (as reported by the company) in its sales bookings for the quarter of September 2021. In London business, Macrotech Developers accomplished a sales booking of Rs 1,450 crore in the quarter of September.
3. ZEEL
The present chairman of Zee, Subhash Chandra asked minority shareholder Invesco to make an open offer and take over the whole company if it wants on Wednesday. It said that the investment firm was way too confidential.
4. TITAN
Titan, which is a firm of the Tata Group, said on Wednesday that it has noticed a strong recovery in demand in the quarter of July-September, and the sales in most of the divisions have either reached greater than or near to pre-pandemic levels. About the revenue, in the segment of Jewelry, which provides a larger portion of its turnover, it has reported 78 percent growth in Q2 FY22 as compared to Q2 FY21. In the segment of watches and wearables, the revenue was up by 73 percent compared to the quarter of July-September of the previous fiscal.
5. INOX WIND
The board of Inox Wind has approved the issuance of preference shares worth Rs 1,100 crore to its promoters. The decisions in this concern were taken in a board meeting which was held on October 6 this year, according to a BSE filing.
6. ROSSARI BIOTECH
Rossari Biotech, the largest textile specialty chemical manufacturer, which had a successful and profitable IPO in the first wave of the pandemic, is now expecting to close FY’22 with at least 50 percent growth in both the top line and bottom line thanks to soaring demand and a significant price hike that will help boost margins.
7. NAZARA TECHNOLOGIES
The board of Nazara Technologies has accepted a preferential allotment of new equity shares worth Rs 315.30 crore to institutional investors.
8. SOBHA
Sobha Ltd, a Bengaluru-based real estate firm, stated on Wednesday that it has got a growth of 49 percent at Rs 1,030.2 crore in bookings of sales during the second quarter of this fiscal due to better housing demand. The company had sold properties which are worth Rs 689.9 crore in the year-ago period.
9. TELECOM STOCKS
The Government has lowered the bank guarantee requirements for telecom operators by eighty percent.
10. LUPIN
The company has got uncertain nods from the US health regulator to market generic Brexpiprazole tablets in the American market, which are used in anti-depressant medicines for treating major depressive disorders.
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11. BALAJI AMINES
The dimethylformamide plant of the company will be shut for two to four weeks. An incident happened at the company’s unit III dimethylformamide plant which made leakages/breakdown happen. While regulating this, the company extended some debottlenecking activities to increase the capacity.
12. SREI INFRA
SREI Group’s promoters have shifted to Bombay High Court against Reserve Bank of India’s action on SREI Infrastructure Finance Ltd. and SREI Equipment Finance Ltd. SREI Group promoters want a stay on any insolvency proceedings against the two companies. SREI Group promoters, Adisri Commercial Private Ltd. has filed a written petition in Bombay high court against the RBI action.
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13. BANKS
Global rating agency Moody’s has altered the rating viewpoint of nine Indian banks to “stable” from “negative”. These lenders include Axis Bank, Bank of Baroda, HDFC Bank, ICICI Bank, Canara Bank, Punjab National Bank, HDFC Bank, State Bank of India (SBI), Export-Import Bank of India, and Union Bank of India.
14. RAIL VIKAS NIGAM
The company has signed a memorandum of understanding with Braithwaite & Co. Limited. The consortium will be utilizing the credentials of each other and enforce the same utilizing the expertise of each other. This consortium will intend to generate business of at least Rs 1,000 crore per year.
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Conclusion
These stocks are the latest ones to keep an eye on. Active investors must keep tabs on these stocks as they have great potential.
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