In the ups and downs of the market today i.e. on February 16, some stocks may see strong action. These stocks can show a jump today due to positive news or better quarterly results.
Stocks in Focus Today: Due to geopolitical tension in the stock market, the ups and downs continue. Due to the crisis in Russia and Ukraine, there is upheaval in the markets around the world, which has an impact on the domestic market as well. However, in this ups and downs of the market today i.e. on February 16, some stocks may see strong action. These stocks can show a jump today due to positive news or better quarterly results. If you are looking for a better stock in intraday or for very short term, then you can keep an eye on them. Here we have listed some such stocks which include Vedant Fashions, CSB Bank, Wheels India, Burger King India, Torrent Power, Tech Mahindra, Redington India, Bharat Dynamics among others. If you are looking to earn money by investing in intraday, then you can keep an eye on these stocks.
Vedant Fashions
Today the stock of Manyavar’s parent company Vedant Fashions will be listed in the market. The issue price for the IPO was Rs 866, while the issue got 2.57 times the subscription. However, the retail portion has not been filled completely. Today the stock is expected to have a flat listing.
CSB Bank Ltd.
CSB Bank Ltd. FIIs have increased their share to 5.72 per cent. While the share of mutual funds has increased to 9.23 percent.
Wheels India
Rating agency ICRA has kept the outlook for Wheels India stable. But downgrading its long term rating for Bank Lines from ‘A’ to ‘A-‘. The rating agency has downgraded its short term rating for Bank Lines to ‘A2+’ from the earlier ‘A1’.
Burger King India
There may also be a stir in the shares of Burget King. The company has closed the Qualified Institutional Placement issue and has fixed the issue price of Rs 129.25 per share to raise funds through QIB. This floor price is at 5 percent discount from Rs 136.05.
Torrent Power
The company has completed the transaction of acquisition of 100% stake in Special Purpose Vehicle Visual Percept Solar Projects. The acquisition was made as per the share purchase agreement between Torrent Power and Blue Diamond Properties and Balrampur Chini Mills.
Tech Mahindra
Action can also be seen in the shares of IT giant Tech Mahindra. The company has got approval to buy 80 percent stake in Geomatic. This stake will be bought through a subsidiary.
Redington India
Investor Marina IV (Singapore) Pte Ltd has sold 2.14 per cent equity stake in the company through an open market transaction on February 11. Now its stake in the company has come down from 5.36 per cent to 3.22 per cent.
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