Stocks that Attract Investors This Week
As per the Economic Times, the following stocks are likely to be successful today. They can continue attracting investors in this week. The reasons for this speculation are mentioned here.
ONGC, OIL: This is a committee of secretaries comprised of four members. It is setup by the government to review the gas pricing formula will on Monday.
Reliance Industries Ltd: As a secretaries’ panel is set up last week to discuss the tiresome issue of gas pricing, Reliance Industries has chosen to not withdraw an arbitration notice sent to the center.
Jet Airways Ltd: ICRA, the credit rating agency has downgrade Jet Airways’s debt from “BB” to “D”.
This was after ICRA has apparently received information on payments by the airline. Financial Technologies Ltd: Financial Technologies which is promoted by Jignesh Shah, was asked by Securities Appellate Tribunal (SAT) to approach Sebi for seeking extension of time for divesting existing holdings in MCX-SX and four other entities.
GAIL India Ltd: A budget of Rs. 10,000 crore has been pulled from the cold storage by the Narendra Modi government for a pipeline project which will make it possible to provide CNG and PNG services in cties and revive sick fertilizer plants in the region.
TCS & ITC Ltd: Tobacco to FMCH Corporation ITC has now replaced Tata group’s IT giant TCS as the most admired company of the country.
Jindal Steel Ltd: It has been stated by Naveen Jindal’s JSPL that its stand against the Bolivian government has been vindicated by Paris.
Asian Paints Ltd: On Friday, the paint company has stated that its subsidiary Berger International Ltd has filed for an investment approval with the regulatory authorities for setting up a paint manufacturing facility in Indonesia.