Stocks In News Today: By keeping a close watch on every movement of the stocks, your investment can be protected. Here we are telling such stocks which will remain in the news today and on which the market will be eyeing.
TATA STEEL IN FOCUS
Tata Steel’s crude steel production reached a new peak in the fourth quarter. It has increased by 13%. At the same time, the company has also registered a growth of 6% in deliveries in the country while automotive and special products growth was 27% in FY22. Tata Steel Europe production up 6% in FY22.
Marico in focus
MARICO has provided a cautious update in the fourth quarter. According to which the company’s revenue growth can be 2 to 3 percent in this period. Demand has been sluggish. Margins have not been affected even by increasing the prices of many products. There is a slight increase in the profit of the company. The company has increased the prices of hair oil, edible oil. There was a slight increase in volume. There has been double digit volume growth on 2-year CAGR basis. The Saffola franchise has shown more than 10% growth in value terms.
SOUTH INDIAN BANK IN FOCUS
On a year-on-year basis, total deposits grew by 8% at Rs 89142 crore while gross loans grew by 4% at Rs 61815 crore. The CASA ratio has increased by 12% to 33.21%.
POONAWALA FINCORP IN FOCUS
The bank has disbursed loans worth about Rs 3,330 crore. AUM increased by 17% to Rs 16,575 crore. Collection efficiency stood at 108.4%.
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expensive gas
MGL has increased the price of CNG by 7/kg to 67/kg. MGL has increased the price of domestic PNG by 5/scm to 41/scm. IGL has increased the price of CNG by 2.5/kg to 66.61/kg in Delhi.
GUJARAT GAS IN FOCUS
The company has tied up with NTPC.
INDIGO IN FOCUS
Rakesh Gangwal may sell 5-7% holding this year. Will discuss Rakesh Gangwal with 4 investment banks. The Gangwal family holds 36.6% stake in the company. The share of the Gangwal family is valued at Rs 28,097 crore.
TVS MOTOR in focus
TVS Motor has tied up with Jio-BP. This agreement has been done for Public Charger Solutions.
BARBEQUE NATION IN FOCUS
CX Partners will sell the shares in the block deal. Deals are possible at 5-7% discount.
RAIN INDUSTRIES IN FOCUS
Visakhapatnam plant partially closed. The company has taken this decision due to shortage of raw material.
TCS in focus
Has an agreement with the Labor Department of Kansas. An agreement has been signed to digitize the insurance system.