Stock In News Today: By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will remain in the news today and on which the market will be eyeing.
boil in crude
The sharp rise in crude may worsen the mood of the market. Crude oil is at an 11-year high. Brent has crossed $115. The Ukraine crisis and OPEC’s lack of supply led to the rise in prices. Action can still be seen in exploration companies like ONGC, HOEC, SELAN.
UPL buyback
The board has approved buyback up to Rs 875 per share. The share will be buyback at a premium of 26.99%. Shares will be bought from the open market. The company will buyback 1.26 crore shares. Up to Rs 1100 crore will be spent on share buyback. Promoter will not participate in share buyback.
Also read- Trade setup for today: Take a look at these figures before the market opens, it will be easy to catch profitable deals
VEDANTA IN FOCUS
The board of Vedanta Ltd on Wednesday announced a third interim dividend of Rs 13 per share. According to a communication sent to the stock exchanges, for the financial year 2021-22 (FY22), the interim dividend on each share having a face value of Re 1 will be 1300%.
The metal sector giant will spend around Rs 4,832 crore for the payment of this dividend. The record date for dividend has been fixed as March 10, which means that till this date every shareholder of the company will be entitled to receive the dividend.
Maharashtra: Relief in COVID restrictions
The Maharashtra government ended the shackles of COVID. Malls will open with 100% capacity from tomorrow. Today action can be seen in the stocks related to cinema halls and restaurants, food and theater. Stocks like VR, INOX Leisure, Specialty restaurants, Devyani intl, barbeque nation, Burger King, Jubilant food can see action.
MUKAND IN FOCUS
The deal has been done to sell 47 acres of land in Kalve and Dighe. An agreement has been signed to sell the land for Rs 806 crore.
FOCUS ON ABB INDIA
Turbocharger business sold to subsidiary. The company sold the business to Turbocharging Ind & Svcs for Rs 310 crore.
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