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: On Tuesday, the stock markets closed weakly. Even today, the global sentiments for the market are looking weak. Due to geopolitical tensions, inflation and rate hike cycles, the stock market continues to be volatile. This trend may continue for a few days. 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 Tata Steel, Tata Power Company, NCL Industries, TVS Motor Company, Marico, Bandhan Bank, TCS and Yes Bank.
Tata Steel
Tata Steel India has achieved the highest crude steel production of 19.06 million tonnes in the financial year despite the challenges of COVID 19, a growth of 13 percent on a yearly basis. Tata Steel’s deliveries grew by 6 per cent in FY22 and has surpassed the FY21 base.
Tata Power Company
Resurgent Power Ventures, sponsored by Tata Power Company and ICICI Bank, has completed the acquisition of NRSS XXXVI Transmission. Resurgent Power Ventures was set up to acquire stressed assets in the Indian power sector.
NCL Industries
NCL Industries has said in the BSE filing that in the financial year 2021, there was an increase of 8 percent in cement production. Cement dispatches grew by 7 per cent in FY22. RMC production and sales grew by 13 percent in the same period.
TVS Motor Company
TVS Motor Company and Jio-bp have agreed to explore the creation of a robust Public Electric Vehicle (EV) charging infrastructure for electric two-wheelers and three-wheelers in the country. Under this partnership, customers of TVS Electric Vehicles are expected to get access to Jio-bp’s extensive charging network.
marico
FMCG company Marico said in a BSE filing that revenue growth in Q4FY22 has been in low single digits. While the volume has been positive. Volume grew in double digits on 2-year CAGR basis. International trade has shown constant double digit currency growth on a strong footing.
Bandhan Bank
Bandhan Bank has informed in a BSE filing that by March 2022, loan and advance growth grew by 16 per cent year-on-year to Rs 1.01 lakh crore. While the total deposits increased by 24 per cent to Rs 96,331 crore. CASA deposits grew by 18 per cent annually to Rs 40,072 crore in the same period. The collection efficiency stood at 96 per cent in March 2022, which was 93 per cent in December 2021.
TCS
The Kansas Department of Labor (KDOL) has selected TCS to create a modern, secure, web-based system for the state’s unemployment insurance program. This will help convert an old mainframe platform from the 1970s into a cloud-based system.
Yes Bank
Yes Bank has said that its net advance has increased by 8.8 percent to Rs 181,508 crore in the financial year ended March 31, 2022. The bank’s net advance in the financial year ended March 2021 was Rs 166,893 crore.
