Overnight Digest: Stocks to look out on July 8
The stock to watch out on July 8 include Mangalore Refinery and Petrochemicals, PC Jeweller, ONGC, Oberoi Realty and Canara Bank.
Mangalore Refinery & Petrochemicals: The company placed its first order for the US produced Thunder Horse crude oil to buy one million barrels of the sour oil, according to the company’s managing director.
PC Jeweller: The customs duty on gold and other precious metals has been increased from 10 per cent to 12.5 per cent.
Oil and Gas Corporation (ONGC): The finance minister announced an additional cess of Re. 1 per litre for petrol and diesel in the budget.
Oberoi Realty Ltd: The Union Budget has given importance to affordable housing and infrastructural development.
Canara Bank: Multiple structural and provisional changes have been made towards the banking sector in the budget, including capital infusion to state-owned banks, credit improvement, etc.