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Stocks in News: These stocks, including Infosys, NTPC, LT, Tata Steel, will remain in focus, keep an eye out 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 is volatility in the stock market. Even today, the global sentiments are looking weak for the market. 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 Sonata Software, Cholamandalam Investment and Finance Company, Infosys, Sobha and Rail Vikas Nigam.

NTPC

Maharashtra State Power Generation Company will form an Equal Joint Venture with NTPC to set up an Ultra Mega Solar Park in Maharashtra with a generating capacity of 2500 MW. The joint venture will develop 2500 MW Ultramega Renewable Solar Park in Maharashtra.

Larsen & Toubro

Larsen & Toubro has informed the stock exchange that it has received a letter from the Ministry of Corporate Affairs (MCA) seeking information and documents for the period 2003 to 2008. The company said that this letter does not mention any governance lapses related to the company.

Sterling and Wilson Renewable Energy

Sterling and Wilson Renewable Energy reported a loss of Rs 126.61 crore for the quarter ended March 2022, lower than a loss of Rs 344.80 crore in the same period last year. Revenue declined from Rs 1,364.5 crore to Rs 1,071 crore during the same period. The loss in FY22 stood at Rs 916 crore, while revenue stood at Rs 5,081 crore during this period.

Tata Steel

Tata Steel Mining Limited, a wholly owned subsidiary of Tata Steel, will now acquire debt-ridden Rohit Ferro-Tech after the NCLT approves the resolution plan.

Sonata Software

The company’s board has approved the appointment of Sameer Dhir as the company’s CEO with effect from 8 April 2022. Sreekar Reddy is voluntarily stepping down as CEO, although he will continue as the Managing Director of the company.

Cholamandalam Investment and Finance Company

Cholamandalam Investment and Finance Company has informed in a BSE filing that the disbursement for Q4FY22 was around Rs 12,718 crore, as against Rs 8,071 crore in the same period last fiscal. That is, there was a growth of 58 percent in it. Collection efficiency on billing improved and stood at 138 per cent in Q4FY22. It was 120 per cent in the same period a year ago.

Infosys

IT company Infosys and Rolls-Royce have enhanced strategic collaboration with the launch of the joint ‘Aerospace Engineering and Digital Innovation Centre’ in Bengaluru. The center will provide integrated high end Research and Development (R&D) services with advanced digital capabilities for Rolls-Royce’s engineering and group business services from India.

Sobha

The company has achieved a sales volume of 1.34 million sq ft for the super built-up area for the quarter ended March 2022. At the same time, the highest ever realization has been achieved at 110.9.6 crores in this quarter. Average realization per sq ft stood at Rs 8265 crore during Q4FY22 as compared to Rs 8014 crore in Q4FY21.

Rail Vikas Nigam

Rail Vikas Nigam has signed a contract with ICF. This contract has been done for the construction and acquisition of metro coaches as per the Communication Based Train Control System for the Kolkata Metro Railway project.

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