Stocks to Watch: BCG, Radico Khaitan, Jio Financial Services, Linde India, Rites, BEML, Vodafone Idea and Indus Towers
Indian markets are expected to open lower today and we could see selling pressure in certain counters. US markets closed mixed on Tuesday with Dow Jones down by .5 percent while Nasdaq closed almost flat. Indian markets will be looking to take support from lower levels for NSE Nifty. Stocks to watch in today’s session include BCG, Angel One, BCL Ind, Radico Khaitan, NBCC, Linde India, Rites, BEML, Vodafone Idea and Indus Towers.
Jio Financial Services got listed on Monday and the stock witnessed two days of lower circuits. BSE has decided to postpone the removal of Jio Financial Services from all BSE S&P indices to August 29.
Vodafone Idea stock could see action in today’s trade after PTI report that the company is planning to clear Rs 2400 crore dues to the government. "Vodafone Idea will clear dues for the June 2023 quarter and spectrum installment with applicable interest by September," the source informed PTI.
Angel One could see selling as the company has received SEBI warning in a case of negligence in client verification.
Radico Khaitan stock could see action today as CAG (Comptroller and Auditor General of India) gave information in its latest report that Rs 1,075 crore excise duty is not paid to the Uttar Pradesh government.
Apollo Tyres received a downgrade from investment banking major UBS. In its latest report, UBS has double downgraded the stock from 'BUY' to 'NEUTRAL' with a target of Rs 430 per share.