Stocks to Watch on 22 July 2019

Our Researchers have brought to you the prime stocks in focus today, July 22, 2019. These stocks have good potential and should be monitored closely.

SAIL:

Public procurement portal Government eMarketplace (GeM) and SAIL Thursday signed a pact to set up a project management unit (PMU) here, in the presence of Steel Secretary Binoy Kumar. Hence, there is an expectation of good movement in the stock.

Vodafone Idea:

The company has hired Bank of America and Morgan Stanley to help sell its fibre assets as India’s largest mobile carrier by users seeks to bolster its finances, indicating a bright near future movement expectation.

Jet Airways:

The resolution professional overseeing Jet Airways has received claims worth close to Rs 25,000 crore, and has so far accepted only about onethird of the claims that came from financial creditors.

REC:

State-owned Rural Electrification Corporation raised about $650 million via offshore bonds, which are seen as a proxy for the government’s first sovereign overseas borrowings.

ACC:

Cement maker ACC reported 38.61 per cent rise in consolidated net profit at Rs 455.68 crore for the quarter ended June 30, 2019 helped by improvement in operating performance and sales.

Sterlite Technologies:

The company posted 17.5 per cent rise in consolidated net profit at Rs 141 crore for June quarter 2019-20 mainly on account of growth in exports and sales of value-added products.

IndiGo:

Under the cloud of sparring promoters, InterGlobe Aviation board is scheduled to meet on Friday to consider quarterly financial results and is also likely to discuss differences between the promoters over corporate governance matters.

Reliance Industries:

The oil-to-telecom may deliver muted profit growth when it unveils June quarter earnings on Friday due to challenges in the refining and petchem segment. However, telecom arm Jio and retail business may drive performance.

Mindtree:

The founders of Mindtree will stay on to stabilise and grow the business at the mid-tier IT services firm that has been rocked by the acrimonious takeover by engineering major Larsen & Toubro (L&T), according to a top company executive.

YES Bank:

Brokerages have slashed target prices on Yes Bank by as much as 60% after the private sector lender reported weak asset quality for the June quarter.

So, keep an eye out! These are the stocks which will be in focus today according to our research experts.

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