Due to positive news, some stocks may see strong movement in today’s trading. You can keep an eye on them for intraday.
Trending Stock Today: The stock market has been under selling pressure for the past several days. The rising inflation at the global level along with geopolitical risk and crude prices is the main reason behind this. Even today the global market sentiments are looking weak. Experts believe that there will be an atmosphere of uncertainty in the market for the next few days. The move of the US Fed will also be important for the market. But in the meantime, due to positive news, some stocks may see a strong movement in today’s trading. If you are looking for some better stocks for intraday, then you can keep an eye on them.
HDFC Bank
The Reserve Bank of India (RBI) has removed the restrictions on the activities of HDFC Bank for doing new digital business. According to the information given in the stock exchange filing, restrictions on activities under Digital 2.0 of the bank have been removed. On Friday, HDFC Bank shares closed at Rs 1396 with a slight increase.
Gail (India)
The board of Gail (India) has approved the payment of second interim dividend of Rs 5 per share for the financial year FY21-22. The record date for eligibility of shareholders for payment of dividend has been fixed as March 22.
Anupam Rasayan India
The company has acquired 24.96 per cent stake in the company through an off-market transaction on March 11. Anupam Rasayan India has acquired stake from sellers at Rs 595 per share. With this, Anupam Chemicals has become the promoter of Tanfac in association with Tamil Nadu Industrial Development Corporation (TIDCO).
Lupine
Pharma company Lupine has received approval from the US FDA for the oral solution USP of the new drug Vigabatrin. This drug is manufactured by Lundbeck Pharmaceuticals, LLC. Sabril is a proprietary generic of Vigabatrin. According to IQVIA MAT data for December 2021, Vigabatrin had estimated annual sales of $275 million in the US.
Jubilant FoodWorks
Prateek Rashmikant Pota, CEO and Whole Time Director of Jubilant FoodWorks has resigned from his position.
CESC
The company said that the transaction for sale and transfer of 100% shareholding in Surya Vidyut to Torrent Power has been completed. The company and its 6 subsidiaries entered into a share purchase agreement with Torrent Power in September 2021 for the sale of 156 MW power plants operated by Surya Vidyut in Gujarat, Rajasthan and Madhya Pradesh. Talking about Surya Vidyut, it was a wholly owned subsidiary of CESC.
Hindalco Industries
ICICI Prudential MF has sold 11.81 lakh equity shares of Hindalco Industries through open market transaction on 9 March. With this, the stake in Hindalco has now come down from 3.07 per cent to 3.01 per cent.
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