By Admin 
Stocks to Watch on Monday: There was a rise in the Indian stock market on the last day of last week, Friday, 6th February. Both the major benchmark indices BSE Sensex and NSE Nifty 50 ended the day trading in the green.
A new week is starting from today. In such a situation, investors may keep an eye on the shares of some companies. Let us know about some such selected stocks…
Kalyan Jewelers Share
Kalyan Jewelers has attracted the attention of investors with its strong performance in the recent quarterly results. There has been a good increase in the sales and profits of the company as compared to last year. Which shows the increasing demand for its products. Talking about the figures, the company’s net profit in the third quarter has increased by almost 90 percent to Rs 416.2 crore.
Whereas the revenue has increased by 42 percent to Rs 10,343 crore. Similarly, there has been a jump of 74 percent in EBITDA and it has reached Rs 750 crore. Due to quarterly results and excellent data, investors may keep an eye on these shares today.
tata chemicals share
Tata Chemicals has taken a big step towards increasing its production capacity. The company has planned to invest in setting up a new manufacturing unit in Tamil Nadu. Due to which the supply chain will be further strengthened.
Under this project the company will invest about Rs 515 crore. The new plant will be set up at Valinokkam in Ramanathapuram district. Where iodine-rich vacuum salt dried (IVSD) will be produced. After this news, movement is expected in the company shares today.
Bosch Share
The third quarter results of auto sector giant Bosch have been tremendous. The direct impact of increase in demand in passenger car and off-highway segments has been seen on the company’s earnings.
During this period, the company’s income from operations has increased by 9.4 percent to Rs 4,885.6 crore. Whereas net profit has also increased by 16.1 percent to Rs 532 crore.
IREDA Share
IREDA has taken a big decision to raise capital to strengthen its financial position. The company’s board has approved the issuance of new shares to big investors through qualified institutional placement.
Under this process, IREDA can raise a maximum of Rs 2,994 crore in one or more phases. The company has also clarified that even after the issue of shares, the government’s stake will not reduce by more than 3.76 percent.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
Also read: keep fingers crossed! From Eicher Motors to Bata India… more than one company will announce Q3 results next week.