3 trending stocks to watch out for today – 3 trending stocks to watch out for today
This article is published by Dalal Street Investment Journal, India’s No. 1 investment magazine. Click here and subscribe to receive regular shares and recommendations from Teji.
Even in a relatively stable capital market environment, investors should keep an eye on selected stocks. Let us discuss some such shares here –
Patel Engineering : The company announced that it has received the Contracts (LOAs) from the Government of Maharashtra with its joint venture partners for the Krishna Marathwada Irrigation Project. The joint venture was earlier designated as L1 (lowest bidder). The company is a partner in two joint ventures. One is at the rate of 51% and the other scheme is at 60%. The combined share for these two projects is Rs.451.28 crore.
RVNL : The company stock has also been in the news ever since RVNL won as the lowest bidder (L1) for MMRDA’s Mumbai Metro Line 2B. 378 crores will be spent on this project. Additionally, the company received funding from the North Western Railway this month. The cost of this demand was Rs.63 crores. The company stock has returned 38% in the last one month. Because per share Rs. Dealing at 101.
Bajaj Auto: The number of transactions of this share of the Pune-based company has increased. As the share price increased by 0.04%. Bajaj Auto’s standalone net profit fell 2% to Rs 1,433 crore for the three months ended March. It was Rs 1,469 crore in the same period last year. A dividend of Rs.140 per share has also been approved and advised by the Board of Directors. The company stock has hit annual highs over the past five trading sessions.
Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in any manner whatsoever.The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified.
