The stock market remains volatile due to geopolitical tension, inflation and rate hike cycles. However, in the meantime, some stocks are ready to show action in the market due to positive triggers.
Stock in Focus Today: Due to geopolitical tensions, inflation and rate hike cycles, the stock market continues to be volatile. Markets closed weak on Thursday. Even today global sentiments are weak for the market. Thus, volatility cannot be ruled out. 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 Ruchi Soya, Vedanta, Nuvoco Vistas Corporation, Sterlite Technologies, NCC, HG Infra Engineering, HDFC Asset Management Company, ONGC.
Ruchi Soya
Ruchi Soya has fixed the final issue price of its FPO at Rs 650, which was the upper price band of the issue. About 97 lakh investors have withdrawn their bids from the follow-on offer (FPO) of Ruchi Soya Industries after market regulator SEBI gave investors the option of withdrawal. The company’s FPO has been completed.
Vedant
Vedanta, owned by businessman Anil Agarwal, has entered into certain long-term power security agreements for green and renewable energy for Hindustan Zinc, Bharat Aluminum Company and Vedanta (Jharsuguda Aluminum Operations) through captive power projects. These projects will be made for each entity through Dedicated Space Purpose Vehicle (SPV).
Nuvoco Vistas Corporation
The company has made timely payment of redemption amount and interest for its non-convertible debentures of Rs 400 crore.
Sterlite Technologies
Sterlite Technologies has signed a definitive agreement to sell its 64.98 per cent stake in Maharashtra Transmission Communication Infrastructure (MTCIL).
NCC
NCC has entered into a Share Purchase Agreement with GRPL Housing Private Limited (Gardencity Realty Group, Bengaluru) along with other shareholders of NCC Vizag Urban Infrastructure (NCCVUL) for sale of its entire stake in NCCVUL to GRPL.
HG Infra Engineering
Gurgaon Sohna Highway Private Limited, a subsidiary of HG Infra Engineering, has received a provisional certificate for the project in Haryana.
HDFC Asset Management Company
Life Insurance Corporation of India (LIC) has acquired 2.02 per cent stake in HDFC Asset Management Company through open market transactions. With this, its stake in the company has increased to 7.02 per cent from the earlier 5 per cent.
ONGC
ONGC says that it is on the way to commercialize the Vindhya basin. This will be India’s 9th and Vibration’s 8th producing basin.
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