Some stocks are ready to show action in the market due to positive trigger. If you are looking for better stocks in intraday, then you can keep an eye on them.
Stocks in Focus Today: There has been a great rally in the stock market on Monday. However, due to geopolitical tension, inflation and rate hike cycle, further volatility in the market cannot be ruled out. Even today, the global sentiments for the market are seen mixed. Uncertainty continues over the Russia and Ukraine crisis. Energy prices are continuously increasing. However, in the meantime, some stocks are ready to show action in the market due to positive triggers. If you are looking for better stocks in intraday, then you can keep an eye on them. Today’s list includes names like Zomato, Federal Bank, Bank of Maharashtra, 3i Infotech, IndusInd Bank, Max Healthcare Institute, Hindustan Zinc.
Zomato
The Competition Commission of India has ordered an inquiry against online food delivery platforms Zomato and Bundl Technologies. A complaint filed by the National Restaurant Association of India alleged violation of rules by both the companies.
Federal Bank
Federal Bank’s total deposits grew by 5.3 per cent year-on-year to Rs 1,81,712 crore as of March 31. The bank has given this information in a regulatory filing on Monday. The gross advance of the bank increased by 9.5 per cent to Rs 1,47,644 crore from Rs 1,34,877 crore as on March 31, 2021.
Bank of Maharashtra
Public sector Bank of Maharashtra has informed that during the financial year 2021-22, there was an increase of more than 27 percent in gross advance and it has increased to Rs 1,36,733 crore. Whereas deposits have increased by 16 per cent to Rs 2,02,641.
3i Infotech
3i Infotech has secured a cloud transformation deal for its NuRe platform from one of the largest commercial banks in the Asia-Pacific region. The deal size is around Rs 6.04 crore.
IndusInd Bank
Private sector IndusInd Bank said that the net advance of Rs 2.39 lakh crore at the end of March 2022 quarter has increased by 13 per cent over the same period a year ago and by 5 per cent over the previous quarter. Deposits grew 15 per cent year-on-year and 3 per cent quarterly to Rs 2.93 lakh crore in Q4FY22.
Max Healthcare Institute
SBI Funds Management has acquired more than 1 crore equity shares in Max Healthcare Institute through open market transaction as on 31st March. With this, its shareholding in the company has increased from 8.19 per cent to 9.22 per cent.
Hindustan Zinc
The company has announced the highest ever mined metal production of 2.95 lakh tonnes for Q4FY22 since the UG transition. It is 17 per cent higher than Q3FY22 and 3 per cent higher than Q4FY21.
