Ajanta Pharma, IOCL, Jio Financial Services, Balaji Amines, RVNL: Stocks to watch out for on Thursday
Stocks to watch: Ajanta Pharma said that it had received approval from the USFDA to market Topiramate extended-release Capsules. A report said that bumper earnings in the first five months of the current fiscal and international benchmark coming off its highs will help state-owned oil companies absorb the Rs 200 per cylinder cut in cooking gas LPG prices.
Stocks to watch: GIFT Nifty futures, an early indicator of the Nifty index, were up 7.5 points at 19,486 at 8:09 am on Thursday, August 31, having gyrated in a range of 51 points around the flatline earlier in the day, suggesting a flat to positive opening in the stock market.
On Wednesday, the Sensex and the Nifty gave up nearly all of their intraday gains amid fag-end weakness in financial stocks amid mixed global cues. The Sensex ended 11.4 points higher at 65,087.3 points and the Nifty settled with a gain of 4.8 points at 19,347.5.
ZeeBiz takes you through the list of shares that can hit the headlines on Thursday:
Gas stocks
News agency PTI reported on Wednesday, citing sources, said that bumper earnings in the first five months of the current fiscal year and international oil rates coming off their highs will help state-owned oil companies absorb the Rs 200 per cylinder cut in cooking gas LPG prices, and that there may be no government compensation for that. Gas stocks such as IOCL, HPCL, Bharat Petroleum, Mahanagar Gas, Indraprastha Gas and Gujarat Gas will be in focus.
NMDC
State-run iron ore producer NMDC's shares will trade ex-dividend on Thursday. Earlier, the company had declared a dividend of Rs 2.85 per share.
Jio Financial Services
Shares of Jio Financial Services Ltd (JFSL) touched their upper circuit limit for the third consecutive day on Wednesday. The stock is recovering fast after a lacklustre show in the first week.
The Jio Financial Services stock gained five per cent to end at Rs 232.7 apiece and Rs 231.3 apiece on BSE and NSE, respectively.
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