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 for the market are mixed. Uncertainty continues over the Russia and Ukraine crisis. Due to geopolitical tension, inflation and rate hike cycle, the volatility in the stock market is expected to continue. 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. Today’s list includes names like Tata Motors, TCS, Indian Bank, Axis Bank, Bandhan Bank, Tata Steel, SMS Lifesciences India, GTPL Hathway.
Luxury car maker Jaguar Land Rover continues to face the risk of semiconductor shortages. JLR’s retail sales fell by 36 per cent year-on-year to 79,008 units in Q4FY22. However, the decline on a quarterly basis was only 1.4 per cent. For the March 2022 quarter, the Jaguar brand sold 14,574 units, a decline of 37.9 per cent. While Land Rover registered sales of 64,434 units, which is 35.6 per cent lower than the year-ago period.
Today, on Monday, April 11, the quarterly results of Tata Consultancy Services, the country’s largest IT company, will come. The company’s results will indicate the outlook for the IT sector. Apart from TCS, Birla Tyres, Delta Corp, Elnet Technologies, Kesoram Industries and Lasa Supergenerics will also report quarterly results.
Indian Bank has entered into a share purchase agreement to sell its entire 4 per cent stake in India SME Asset Reconstruction Company (ISARC) at Rs 9.8 per share. The stock has gained 6 per cent in the last one week and 17.5 per cent in the last one month.
The Reserve Bank of India has imposed a penalty of Rs 93 lakh on private sector Axis Bank for non-compliance with guidelines related to KYC, loans and advances. The bank’s shares have gained 18.5 per cent in the last one month.
European financial services group Societe Generale has acquired over 19 million equity shares (1.18 per cent stake) in Bandhan Bank through an open market transaction. These shares were bought at an average price of Rs 306.55 per share. Housing Development Finance Corporation (HDFC) was the seller.
The National Company Law Tribunal has approved the resolution plan submitted by Tata Steel Mining, a wholly owned subsidiary of Tata Steel, for the acquisition of Rohit Ferro-Tech.
SMS Lifesciences India
The United States Food and Drug Administration (USFDA) has completed the inspection of the company’s API manufacturing facility located in Sangareddy district, Telangana (Unit I) without any observation. The inspection started on 4 April and ended on 8 April.
Digital cable TV and broadband services provider GTPL Hathway’s PAT declined 4.3 per cent to Rs 54.5 crore and revenue fell 17.5 per cent to Rs 617.3 crore in the March 2022 quarter. During this period, there was a growth of 1 percent in the ex-EPC profit of the company. The stock has gained 7 per cent in the last one month.