Stocks to watch out for: SBI, PNB to Wipro - Follow these shares today; heres why
There are series of events taking place into the government and corporate circles that may have its impact on the particular stocks. Zee Business TV makes a bunch of those stocks.
After the topsy-turvy trend being shown by the Indian indices since yesterday, the stock market investors are in catch-22 situation as they are getting mixed response from the global and domestic sentiments. While the US-Mexico tariff war seems to have eased, domestic investors are in limbo as to which direction the DHFL crisis is heading for. To solve this puzzle the Zee Business TV research team has come out with some scrips that a stock market investor can think of while making any investment decision.
See Zee Business video below:
Here are the stocks to watch out for on Friday, as per the team -
SBI/PNB and other banking stocks: The commerce minister Piyush Goyal is meeting with Indian bankers today and he would be meeting with Exim bank representatives for export discussion. So, the outcome of these two meeting holds key to the performance of banking stocks.
IndiaBulls Real Estate: The promoters of the company are planning to sell out their 14 per cent share in the real estate concern as the company is planning to focus more on its financial services arm. Currently, promoters have around 39 per cent shares in the company out of which 14 per cent shares would be sold to the third party. If reports are to be believed, Black Stone is the leading name that can buy 14 per cent promoter's share in the IB real estate.
Wipro: Executive Chairman of the IT company Azim Premji is retiring on July 30 this year. His son Rashid Premji would take charge from him as Executive Chairman. But, it doesnt's mean Azim Premji's service won't be available for the company. He would continue in the company as Non-Executive Chairman for next five years.
DHFL: This stock is in news today for generating Rs 900 crore by selling its loan portfolio via 'pass through certificate' tool. The NBFC firm is facing loan default but the custodian of the company have come forward and said that they are trying to payout the loan interest by Monday to Tuesday.
Auto stocks: Auto stocks have shifted their focus on the e-vehicle segment. The government of India has directed the commercial vehicle companies like Ola and Uber to have at least 40 per cent electric vehicles in their fleet by April 2026, which may spark some positive sentiment into the auto stocks.
Fortis Healthcare: This stocks needs focus today as three PEs of its subsidiary SRL Diagnostics are planning to sell out their 31.5 per cent shares. This sell out is aimed at generating Rs 12,050 crore for the company.
NTPC, SAIL, BEE: There are reports that the Niti Aayog has recommended the Indian government to sell out its shares in around 50 government owned companies. This 50 company list includes NTPC, SAIL and BEE. So, stock investors needs to keep their focus on these government companies.
Sneider Electric: The Competition Commission of India (CCI) has allowed the company to buy L&T automation business with some conditions. Net worth of the deal is Rs 14,000 crore while the condition is to reserve third party services of the L&T automation business to be continued for next five years.
Adani Ports: Adani Ports have cleared the payments for its 3.25 lakh mortgaged shares. Apart from that, the promoter group company Bluefield has sold out around 14 lakh shares to the JSW Steel company.
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