Instead of reducing the geopolitical risk, it is deepening. In such a situation, there is an atmosphere of uncertainty for the stock market. The market may remain volatile for the next few days as well.
Stocks in Focus Today: Between Russia and Ukraine crisis, today again trading is being done in cautious mode in the markets around the world. The rhetoric of NATO countries against Russia continues. Instead of reducing the geopolitical risk, it is deepening. In such a situation, there is an atmosphere of uncertainty for the stock market. The market may remain volatile for the next few days as well. However, in the meantime, on the basis of some positive news, some stocks are ready to show action in the market. The news which has positive triggers can be monitored for returns in intraday trading today. These stocks today include shares like Airtel, Metro Brands, Adani Power, Hindalco Industries, Fortis Healthcare, Rain Industries, Mahindra Lifespace Developers, SJVN.
Bharti Airtel
Bharti Airtel has agreed to buy a stake in Indus Tower. The company will buy 4.7 percent stake in Indus Towers from Vodafone. It has entered into an agreement with Euro Pacific Securities Limited, an affiliate of Vodafone Group Plc, for the purchase of stake in Tower Infrastructure Company.
Metro Brands
The meeting of the board of Metro Brands will be held on March 7. The Rakesh Jhunjhunwala-invested company has said that the board will meet on March 7 to consider giving interim dividend for the financial year 2021-22. The record date for dividend payment will be March 19.
Hindalco Industries
Hindalco has tied up with a Brazilian company. The aluminum company has entered into a share purchase agreement with Brazilian firm Terabel Empredimentos Limited to sell its entire equity stake in Hindalco do Brazil Industria Comercia de Alumina Limiteda (HDB).
Fortis Healthcare
Rating agency Crisil has upgraded the rating of Fortis Healthcare. Crisil has downgraded the long-term rating for the private hospital chain from ‘A+’ to ‘AA-‘. At the same time, the rating has been kept under observation with developing effects. In addition, the short term rating has been upgraded from ‘A1’ to A1+ and the rating has been kept under watch with developing impacts.
Rain Industries
Rain Industries has incurred a loss in the December quarter. The company has incurred a conso loss of Rs 72.3 crore for the quarter ended December 2021. Whereas in the same period a year ago, the company had a profit of Rs 322 crore. However, the company’s revenue has increased by 52 per cent year-on-year to Rs 4,026 crore.
Mahindra Lifespace Developers
Kotak Mahindra Mutual Fund has bought an additional 2.19 lakh equity shares in Mahindra Lifespace Developers through open market transactions on 23 February. With this, its stake in the company has increased from 4.98 per cent to 5.13 per cent.
SJVN
The government has given in-principle approval for the development of 400 MW solar park in Kinnaur by SJVN. The projects will help the company achieve its share vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW by 2040.
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