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.
ONGC/OIL INDIA/HOEC in focus
There is a boil in crude oil. Brent’s price has again crossed $117/barrel. Meanwhile, petroleum companies increased prices after November 2. Petrol and diesel prices have increased by 80 paise per liter from today. In Mumbai, the price of petrol has reached Rs 110 82 paise and diesel at Rs 95 per liter.
HUL in focus
According to media reports, the company can buy spice company MDH. HUL is in talks with MDH. The valuation of MDH could be Rs 10,000-15,000 crore. In FY21, the revenue of MDH stood at Rs 1191 crore and EBITDA of Rs 507 crore.
FOCUS ON ZOMATO
Online food delivery service provider Zomato has followed in the footsteps of grocery delivery companies to deliver food to its customers in a record 10 minutes. The company’s founder Deepinder Goyal has given this information in a blog on March 21. The pilot project will start from 4 stations of Gurugram next month. The restaurant items will be delivered from the finishing station to the customers. The new service is expected to reduce costs by 50%. There will be no change in the margin, income of the restaurant and delivery partner.
Also read – Share Market Live Update: Flat opening for Indian markets amid mixed global cues, REC, L&T, Wipro in focus
FOCUS ON EQUITAS HOLDINGS
The merger with Equitas Small Fin Bk has got the approval of the Board. For 100 shares of Equitas, 231 shares of Equitas SFB will be available.
FOCUS ON GR INFRAPROJECTS
The company has bid for Rs 900 crore for NHAI’s road project.
GODAWARI POWER IN FOCUS
Bought 19.21% stake in Hira Ferro Alloys for Rs 99.78 crore.
Sun Pharma in focus
Bought 11.28% stake in Zenotech Laboratories for Rs 5.34 crore.
IDBI Bank in focus
Roadshow has been started for the privatization of IDBI Bank. The EoI will be issued after discussions with the investors. In May last year, the privatization of IDBI Bank was given in-principle approval.
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