There is still a possibility of volatility in the market due to the Russia and Ukraine crisis. Any negative news can lead to a fall in the market.
Stocks in Focus Today: In today’s trading, some stocks can show strong action due to some positive trigger. The stocks that can remain in focus today include names like Axis Bank, Bharti Airtel, ONGC, Nazara Technologies, Tata Steel, Godrej Properties, Pidilite Industries. If you are looking for a better stock for intraday, then you can keep an eye on them. There is still a possibility of volatility in the market due to the Russia and Ukraine crisis. Any negative news can lead to a fall in the market. In such a situation, experts are also advising short term investors to be cautious and choose only stocks with strong fundamentals.
Axis Bank
Axis Bank will acquire Citibank’s India consumer business for $1.6 billion. Citigroup has given this information on 30 March. The transaction includes the sale of Citibank India’s consumer banking businesses. This includes credit cards, retail banking, wealth management and consumer loans.
Bharti Airtel
In the latest data released by TRAI on Wednesday, it has been said that the telecom subscriber base in the country has come down to 116.94 crore in January this year. However, Bharti Airtel has added 7.14 lakh users of its mobile services to its mobile service during this period. Vodafone Idea has lost 3.89 lakh wireless subscribers during this period.
ONGC
ONGC’s 2-day offer for sale issue will close today i.e. on March 31. The Government of India has decided to exercise the oversubscription option to the extent of an additional 9.4 crore equity shares in addition to the 9.4 crore equity shares of the Company. The total offer size for sale will be up to 188 million shares or 1.5 per cent of the total paid up equity. So far, ONGC’s offer for sale has received bids for 303.53 million shares against a base offer size of 84.92 million shares.
Nazara Technologies
Nazara Technologies’ subsidiary company Nazara Pte Ltd (Nazara Singapore) will invest 2.5 million dollars in the Bitcraft Fund. Bitcraft Fund is one such firm that likes to invest in gaming, esports and interactive media.
Tata Steel
Tata Steel has transferred its entire stake in Tata Steel Special Economic Zone Limited to Tata Steel Utilities and Infrastructure Services for consideration other than cash. The company has executed an asset transfer agreement for acquisition of itemized assets from Stork Ferro and Mineral Industries Pvt Ltd for production of ferro alloys.
Godrej Properties
The real estate developer company has acquired a 9-acre land parcel in the residential micro market of Pimpri-Chinchwad in Pune. The development here will be mainly for a group housing project.
Pidilite Industries
The National Company Law Tribunal has approved the amalgamation of subsidiary Pidilite Adhesives with Pidilite Industries.
,
