Stocks in Focus: Today the focus will be on companies like PNB, Zee Entertainment, Adani Power and Titan.
Stocks in Focus Today: The market is showing weakness in early trading today on the day of weekly F&O expiry. Earlier, the market showed a bullish trend on the day of the presentation of the budget and the next day, but today the rally has stopped due to mixed global cues. Selling pressure is visible in the IT stocks on the market. Talking about individual stocks, the focus will be on companies like MapmyIndia, PNB, Zee Entertainment Enterprises, Tata Consumer Products, AGS Transact Tech, HP Adhesives, Adani Total Gas, Bharat Dynamics, Adani Power, Titan, ITC, Adani Transmission and Torrent Power.
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Today focus will be on these stocks
- MapmyIndia: CE Infosystems, which operates digital map maker MapmyIndia, on Wednesday informed about plans to buy 9.9 per cent stake in Geospatial company Pupilmesh Private Limited for Rs 49 lakh. This acquisition will support MapmyIndia’s business opportunities in navigation.
- Punjab National Bank (PNB): HSBC Insurance (Asia Pacific) Holdings Limited has proposed to buy PNB’s stake in Canara HSBC OBC Life Insurance. The bank informed in a regulatory filing on Wednesday that HSBC Insurance (Asia Pacific), a shareholder of Canara HSBC OBC Life Insurance, has made a proposal regarding this, which is yet to be discussed.
- Zee Entertainment Enterprises: Zee Entertainment Enterprises consolidated profit declined in the December 2021 quarter. According to the results announced by the company, the consolidated profit of the company declined to Rs 298.98 crore from Rs 398.01 crore year-on-year in October-December 2021. The company’s revenue also declined to Rs 2130.44 crore from Rs 2756.93 crore on an annual basis during this period.
- Tata Consumer Products: The profit of the consumer unit of Tata Group has increased in the third quarter of the current financial year 2021-22. In October-December 2021, the company had a consolidated profit of Rs 265.05 crore as compared to Rs 218.17 crore in the same quarter a year ago. The company’s revenue also declined from Rs 3069.56 crore to Rs 3208.38 crore during this period.
- AGS Transact Technologies: As per the Bulk Deals data, Plutus Wealth Management LLP has bought 6,51,543 equity shares of AGS Transact Technologies at a price of Rs 160.10 on NSE.
- HP Adhesives: According to the Bulk Deals data, AG Dynamic Funds has sold 1,02,780 equity shares of the company at a price of Rs 410.27 on NSE.
- Sigachi Industries: Nexus Global Opportunities has sold 1.75 lakh shares of Sigati Industries at a price of Rs 388.02. This has been disclosed from the bulk deals data of NSE.
- Adani Total Gas: Adani Total Gas’s profit of Adani Group declined in December 2021 quarter. According to the results announced by the company, the consolidated profit of Adani Total Gas declined from Rs 145.87 crore to Rs 127.61 crore in October-December 2021 on a year-on-year basis. However, the company’s revenue during this period increased from Rs 522.27 crore to Rs 931.81 crore on a yearly basis.
- Bharat Dynamics: Bharat Dynamics has signed a contract of Rs 3131.82 crore to supply Konkurs-M anti-tank missile to the Indian Army.
- The results of these companies will come today: Today ITC, Titan. Lupine, Aditya Birla Capital, Adani Power, Adani Transmission, Cadila Healthcare, Emami, GAIL, Godrej Properties, India Pesticides, JK Tire & Industries, Jubilant Industries, Kalyan Jewellers, Lux, Pfizer, PI, Sigachi Industries and Torrent Power, among others The results will come.
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