There is uncertainty in the market, it is going to be volatile for the next few days. However, in the meantime, on the basis of news, some stocks are ready to show a stir in the market today.
Stocks in News Today: Russia has intensified attacks on Ukraine. Apart from Kyiv, the capital of Ukraine, Kharkiv city is on the target of Russia. At present, due to geopolitical risk, pressure is being seen on the markets around the world. There is uncertainty in the market, it is going to be volatile for the next few days. However, in the meantime, on the basis of news, some stocks are ready to show a stir in the market today. These include stocks like Tata Motors, Route Mobile, HUL, NMDC, Panacea Biotech, DB Realty, Vedant Fashions, Huhtamaki India, Vipul Organics, Lemon Tree Hotels. You too can bet on these for better returns in intraday.
Tata Motors
Tata Motors has sold 73,875 units domestically in February 2022. Sales have grown by 27% on a yearly basis. Tata Motors sold 58,366 units in February 2021. Tata Motors said sales of passenger vehicles in the domestic market last month grew by 47 per cent to 39,981 units as against 27,225 units in the same month last year.
HUL
Action can be seen in HUL’s stock today. The company has increased the prices of some of its products. The company’s stock has seen a decline of more than 6 percent in the last 1 month.
Route Mobile
Routesms Solutions FZE (RSL FZE), a subsidiary of Route Mobile, has successfully completed the acquisition of MR Messaging FZE based in UAE. With this, MR Messaging has become a wholly owned subsidiary of RSL FZE and a stepdown subsidiary of Route Mobile.
Panacea Biotec
The company will sell the pharmaceutical formulations brand of its subsidiary to Mankind Pharma. The total value of the transaction is Rs 1872 crore. The company and its material subsidiary Panacea Biotec Pharma (PBPL) have entered into an agreement for the transaction.
DB Realty
The Supreme Court has allowed the real estate company to develop land in Mumbai. With this decision, 22,000 square meters of freehold in the commercial zone in Mumbai will be made available to the company’s subsidiary Esteem Properties for development. The company intends to develop the land into 2 million sq ft (leaseable area) grade A office space in the next 3 years.
Vedant Fashions
Vedant Fashions, the parent company of ethnic wear brand Manyavar, has had a good financial standing. The company’s profit in the December quarter grew by 24.1 percent year-on-year to Rs 127.8 crore. The company’s profits have increased due to strong sales and operating income. At the same time, the company’s revenue has increased by 28 percent on an annual basis to Rs 384.8 crore. The EBITDA of the company grew at 24.5 per cent on a yearly basis and stood at Rs 191.5 crore.
Huhtamaki India
Packaging solutions firm Huhtamaki India has reported a loss of Rs 13.52 crore for the December 2021 quarter. Whereas in the corresponding period of last financial year, there was a profit of Rs 5.08 crore. But in the December quarter, the company’s topline growth has increased by 19 per cent year-on-year to Rs 661.6 crore.
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