In the near term, volatility can be seen in the market. Because of this, experts are advising investors to be cautious and invest.
Stocks in Focus Today: Due to news or any positive sentiment, some stocks can see a lot of action in today’s trading. If you are also looking for some stocks for intraday, then you can keep an eye on them. At present, there is uncertainty in the stock market. There does not seem to be any solution to the Russia and Ukraine crisis. Crude has softened, but it is still close to $ 100 per barrel. Globally inflation is increasing. Central banks are in a strict mood regarding interest rates. In such a situation, volatility can be seen in the market in the near term. Because of this, experts are advising investors to be cautious. In such a situation, it is better to keep an eye on those stocks for the short term, which are showing any positive trigger.
Zomato
App-based food delivery company Zomato has acquired 16.66 per cent stake in Mukunda Foods Private Limited, a food robotics company, for a cash consideration of $5 million. The board has also approved loans up to $150 million to Grofers in one or more tranches.
Paytm
Munish Ravinder Verma has resigned as the non-executive, non-independent director of One 97 Communications (Paytm) due to personal reasons.
Infibeam Avenues
The board of Infibeam Avenues has approved the appointment of Sunil Bhagat as the company’s chief financial officer in place of Hiren Padhya.
Shyam Metalics and Energy
Shyam Metalics and Energy has announced a fresh round of Rs 990 crore capital expenditure plan to increase its capacity to 2.85 MTPA. This capital expenditure will be in addition to the existing capital expenditure plan of Rs 3000 crore.
ITC
FMCG company ITC has acquired 1040 compulsorily convertible preference shares of Rs 10 each in Mother Sparsh Baby Care. With this, the company’s stake in Mother Sparsh has increased to 16 percent.
IL&FS Transportation Networks
IL&FS Transportation Networks has entered into a Share Purchase Agreement (SPA) with Axis Trustee Services (as a trustee of Roadstar Infra Investment Trust and others) for sale of 100% stake in subsidiary Sikar Bikaner Highway. The sale consideration is Rs 375.5 crore which will be received as a unit of the trust.
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