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Stocks in News: Action in these stocks including Tata Steel, Tata Elxsi, ACC, L&T Infotech, keep an eye for intraday

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: There has been a huge fall in the stock market in the last 2 days. The Sensex has weakened by about 2000 points in 2 days. Even today, the global sentiments for the market are mixed. Volatility is expected to continue further due to corporate earnings, geopolitical tensions, inflation and rate hike cycles. In such a situation, experts are advising investors to trade cautiously. However, in the meantime 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. Tata Steel, Tata Elxsi, Angel One, ICICI Securities, Glenmark Life Sciences, JTL Infra, Reliance Industrial Infrastructure, Future Retail, ACC, Larsen & Toubro Infotech, HBL Power Systems, Insecticides (India), Punjab & Sind Bank in today’s list , Mahindra Lifespace Developers.

Tata Steel

Tata Steel has entered into an agreement with Australia based mining services provider Thiess to provide mine technical services in areas such as exploration, resource evaluation and mine planning in India and abroad.

Results of these companies including Tata Elxsi

Today i.e. on April 20, some companies are going to release their quarterly results. Among these, Tata Elxsi, Angel One, ICICI Securities, Glenmark Life Sciences, JTL Infra and Reliance Industrial Infrastructure are prominent.

Future Retail

The electronic voting process for the debt-ridden firm’s shareholders ended on Tuesday evening ahead of the shareholders and creditors’ meeting. In which the sale of the company’s retail assets to billionaire Mukesh Ambani’s Reliance Retail was approved, despite opposition from e-commerce major Amazon.

ACC

Cement company ACC’s profit declined by 30 percent to Rs 396 crore in the March quarter. The operating income of the company declined by 26 per cent to Rs 635 crore due to increase in fuel cost. Revenue grew 2.6 per cent year-on-year to Rs 4,322 crore in the March 2022 quarter. While the cement sales volume declined to 7.71 million tonnes from 7.97 million tonnes.

Larsen & Toubro Infotech

Larsen & Toubro Infotech’s profit increased by 4 percent to Rs 637.5 crore on a quarterly basis due to higher other income. At the same time, the company’s revenue has increased by 4 percent on a quarterly basis to Rs 4301.6 crore. The company has secured 4 major deals with a net new TCV (Total Contract Value) of more than $80 million.

HBL Power Systems

Banyantree Growth Capital, LLC has sold 2.55 per cent equity stake in HBL Power Systems through an open market transaction during the month of April. With this, its stake in the company came down to 5.9 per cent, from 8.45 per cent earlier.

Insecticides (India)

Insecticides (India) has received a patent from the Patent Office, Government of India for an invention named ‘Novel Granules and its pesticidal composition’. It is valid for 20 years.

Punjab & Sind Bank

Punjab & Sind Bank said in a BSE filing that SREI Infrastructure Finance with outstanding NPA accounts of Rs 510.16 crore and SREI Equipment Finance with outstanding outstanding of Rs 724.18 crore have been declared as frauds. The bank has informed the RBI about this.

Mahindra Lifespace Developers

The company’s subsidiary Mahindra World City Developers has received an income tax notice of Rs 102 crore. This amount also includes interest of Rs 43.1 crore against the return of income filed by Mahindra World for the assessment year 2016-17.

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