CNBC-TV18’s top stocks to watch out for on August 31


Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, announced that it is acquiring the Kishore Biyani-promoted Future Group’s retail, wholesale, logistics, and warehousing businesses on a slump sale basis for Rs 24,713 crore. (Image: Reuters)

Banks: Lenders, both private and public, will be in focus as loan moratorium allowed by the RBI ends today. The sector would likely see stress rising given NPAs could go up. (Image: Reuters)

Suzlon debt resolution plan

Suzlon Energy: The company reported a widening of its consolidated net loss to Rs 398.86 crore in the April-June quarter compared to the year-ago period mainly due to lower revenues. (Company Image)

Research house Citi has kept a buy call on Jubilant FoodWorks with a target at Rs 1,655 per share. According to Citi, the company is well placed in attractive Indian food services market. The strategic tweaks in the last 2 years and good execution are the positives, while impact of slow macro seems less of a concern. Valuation looks reasonable. (LTP: Rs 1,562 | Return: 6 percent).

Jubilant Foodworks: CLSA remains bullish on the company for its medium-term benefits and new launches. Five-pillar growth strategy will aid share gains as the industry consolidates, said the brokerage. (Stock Image)

Phoenix Mills: For the first time since March, malls across Tamil Nadu will be allowed to reopen starting September 1. As part of a new list of ‘unlock’ measures released by the government, clubs and hotels will also be allowed to resume business. (Stock Image)

Real estate, commercial real estate Real Estate stocks: Housing and Urban Affairs Secretary Durga Shanker Mishra on Friday hailed the Maharashtra government’s decision to reduce stamp duty on registration of properties and advised other states to do the same to boost demand in the real estate sector. (Stock Image)

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