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: The volatility in the stock market continues. The stock market closed weak on Monday. At the same time, the global market sentiments are looking weak for the market even today. Uncertainty continues over the Russia and Ukraine crisis. Due to geopolitical tension, inflation and rate hike cycle, volatility is expected to continue in the stock market. Energy prices are sky high. 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. Names like TCS, UltraTech Cement, Delta Corp, GM Breweries, Anand Rathi Wealth, Hathway Cable & Datacom, Tinplate Company of India, Evexia Lifecare, Gayatri Bioorganics, JSW Steel, Nestle India, GSFC, LIC, Veranda Learning Solutions in today’s list Are included.
IT services company TCS has posted a profit of Rs 9,926 crore for the quarter ended March 2022. This is an increase of 7.4 per cent from the same period a year ago. At the same time, the company’s revenue has increased by about 16 percent on an annual basis to Rs 50,591 crore during this period. Revenue in constant currency terms has grown by 14.3 per cent. The company recorded the highest ever order book TCV (Total Contract Value) of $11.3 billion in Q4FY22. The full year order book stood at $34.6 billion.
UltraTech Cement has been declared as the preferred bidder for Diggaon Limestone Block. The company had participated in the e-auction by the Government of Karnataka. This block is adjacent to the company’s Rajshree unit. It has cement grade geological resources of limestone of 530 million tonnes in an area of 7.86 sq km.
Gaming and hospitality company Delta Corp has reported a profit of Rs 48.11 crore for the quarter ended March 2022, compared to a profit of Rs 57.77 crore in the year-ago period. The company’s revenue during this period has been Rs 218.32 crore. The company has also approved the merger of Daman Entertainment and Daman Hospitality.
Today’s results including GM Breweries
Today on April 12, some companies are going to release their quarterly results. These include Anand Rathi Wealth, GM Breweries, Hathway Cable & Datacom, Tinplate Company of India, Evexia Lifecare and Gayatri Bioorganics.
JSW Steel’s subsidiary JSW Utkal Steel has received environment clearance from the government to set up a Greenfield Integrated Steel Plant (ISP) with a capacity of 13.2 million tonnes per annum (MTPA) of crude steel. The capital expenditure for this steel plant project is expected to be Rs 65,000 crore.
Nestle India has declared an interim dividend of Rs 25 per equity share for the financial year 2022. The record date for determining the eligibility of shareholders for dividend has been fixed as April 22.
LIC has sold 2.01 percent stake in the company through an open market transaction. With this, its stake in the company has come down from 8.07 per cent earlier to 6.06 per cent.
Veranda Learning Solutions
Nomura Singapore has sold 9,78,581 equity shares in the company through open market transactions at an average price of Rs 160.97 per share on BSE.