STOCKS ON RADAR:
REC and PFC: Until last week the merger deal between PFC and REC, two sound Navratnas in the otherwise ailing power sector was shaping in the direction of taken over of PFC by REC, as this would fetch more money to the Government since it has a larger stake in PFC. But in a surprising reversal move now Government has proposed to acquire REC by PFC in a Rs 14,000-crore deal.
Ashok Leyland: Ashok Leyland has lost more than 3 percent in the early trade on Wednesday amid the below expected sales numbers reported by country’s second largest commercial vehicle maker for the month of November 2018. Ashok Leyland sold 13,121 units in November 2018, lower by 9 percent compared to 14,457 units sold in same month last year. The stock price can see a up move, if the company is able to show a better performance in the coming months as the overall auto sector is on recovery and expected to give a better show in the near future after the subdued performance in past couple of months.
Disclaimer: The Stocks mentioned are not an advice to buy or sell. It is only for information purpose. The information is collected from various published sources. You are advised to consult your financial advisors before any decision to be taken on the stocks. In no case Wealth Discovery Securities or Ezwealth will be responsible or cannot be liable for any loss on your action taken on the stocks.