Some stocks are ready to show action in the market due to positive trigger. If you are looking for better stocks in intraday, then you can keep an eye on them.
Stocks in Focus Today: Due to geopolitical tensions, inflation and rate hike cycles, the stock market continues to be volatile. This may continue for some more days. Even today, the global sentiments for the market are seen mixed. Uncertainty continues over the Russia and Ukraine crisis. Energy prices are sky high. 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 HDFC Bank, Lupine, Tata Power, Dr Reddy’s Laboratories, Wipro, TVS Motor Company, Maruti Suzuki and INOX Leisure.
HDFC Bank
HDFC Bank has released its updates for Q4, which look strong. Bank deposits have increased by about 17 per cent. There has been a 21 percent jump in loan growth. The CASA ratio has reached a record high with 48.2 percent.
Lupine
Lupine has signed a definitive agreement with Anglo-French Drugs and Industries to acquire a portfolio of brands. It will strengthen the presence of vitamins, minerals, supplements and central nervous system.
Tata Power
Tata Power on Friday said it has received approval for the merger of Coastal Gujarat Power (CGPL), a wholly owned subsidiary of the National Company Law Tribunal (NCLT), with itself.
Dr Reddy’s Laboratories
Dr Reddy’s Laboratories has entered into an agreement with Novartis AG to acquire Cardiovascular brand Sidmus in India. The cost of acquisition is $61 million.
Wipro
Wipro has collaborated with the University of South Carolina and the Indian Institute of Technology, Patna to advance Artificial Intelligence (AI)-led innovation.
TVS Motor Company
TVS Motor (Singapore) Pte Ltd, a subsidiary of TVS Motor, has acquired 70 per cent stake in United Kingdom-based EBCO for £1,163,070.
Maruti Suzuki
Maruti Suzuki aims to sell 4-6 lakh CNG units in the current financial year. However, this will be based on the supply position of the required components.
INOX Leisure
Rating agency CRISIL has revised its rating outlook on long-term bank features of INOX Leisure from ‘A+/Stable’ to ‘A+/Watch Positive’. At the same time, the short term rating has been revised from ‘A1’ to ‘A1/Watch Positive’.
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