Wed. Sep 30th, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Stocks to keep an eye on: Cipla, IndusInd Bank, DBC Bank, Eveready Industries, ONCG

1 min read

Here is the list of stocks to look up for:

  1. Cipla: The pharma company reported a 26.58% rise in its consolidated net profit to 566.04 crore for the quarter ended June on the back of robust sales. Cipla had posted a net profit of 447.15 crore for the corresponding period of the previous fiscal.
  2. IndusInd Bank: Private sector lender IndusInd Bank has acquired 7.82% stake in battery maker Eveready Industries by invoking pledged shares following loan default. The bank invoked pledge on 56,83,320 shares forming 7.82% of paid-up equity share capital of Eveready Industries.
  3. DCB Bank: The private sector lender posted a marginal decline of 2.5% in net profit at 79 crore for the first quarter of the current financial year. DCB Bank had registered a net profit of 81 crore in April-June, 2019-20.
  4. Eveready Industries: Promoter group Khaitan family’s stake in Eveready Industries has slipped below 10% after IndusInd Bank acquired nearly 8% stake by invoking pledged shares of the battery maker.
  5. ONGC: The company has approved the offer and issuance of up to 10,000 unsecured, listed, redeemable, non-cumulative, taxable, non-convertible debentures of face value of 10,00,000 at par aggregating to a total issue size of up to 1,000 crore on a private placement basis to identified investors at the interest rate of 6.40% per annum, it said in a regulatory filing.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.