Due to the positive trigger, some stocks may remain in focus in today’s trading. If you are looking for better stocks in intraday, then you can keep an eye on them.
Stocks in Focus Today: In the volatile market today i.e. on June 20, 2022, some stocks are ready to show action. Due to the positive trigger, these stocks can remain in focus in the market today. If you are looking for better stocks in intraday, then you can keep an eye on them. In today’s list, Engineers India, Aurobindo Pharma, ICICI Bank, Axis Bank, Cipla, Alkem Laboratories, Adani Wilmar, Dilip Buildcon, Nazara Technologies, Zydus Wellness, PTC India, Aster DM Healthcare, South Indian Bank, Indian Hume Pipe Company, Shares like Vadilal Industries, Galaxy Surfactants, Union Bank of India, Nazara Technologies are included. Positive activities have been seen in many of these companies. While the rating of some has improved, some have entered into an agreement with another firm to increase the business.
Engineers India
Engineers India has bagged three separate projects from the Specialized Chemicals, Sunrise and Infrastructure sectors. It will provide consulting services. The estimated order value of these projects is around Rs 80 crore.
Aurobindo Pharma
Aurobindo Pharma has acquired 51 per cent stake in GLS Pharma, which operates in the oncology business. The cost of acquisition of 51 per cent stake is Rs 28.05 crore.
ICICI Bank, Axis Bank
Global rating agency Moody’s Investors Service has upgraded the baseline credit assessments of ICICI Bank and Axis Bank, reflecting an improvement in credit fundamentals, especially asset quality. The agency has upgraded the Baseline Credit Assessment (BCA) from ba1 to baa3.
Cipla
Cipla has said that it will acquire 21.05 per cent stake in Acira Labs Pvt Ltd for Rs 25 crore. Achira Labs is engaged in the development and commercialization of Point of Care (PoC) medical test kits in India. The company has signed a Definitive Agreement with Acira Labs.
Alkem Laboratories
Alkem Laboratories has received Form 483 with 3 observations after an inspection of its US unit. The US Food and Drug Administration inspected the company’s manufacturing facility in St. Louis from June 6 to June 17, 2022.
Adani Wilmar
Recently listed FMCG firm Adani Wilmar has reduced the prices of its edible oils by Rs 10 after the government’s move to reduce import duty on the commodity.
Dilip Buildcon
Dilip Buildcon’s Joint Venture Company RBL-DBL has been declared as L-1 bidder for Surat Metro Rail Project in Gujarat. This order is worth Rs 1061 crore. The company has also received completion certificate for 2 road projects in Karnataka.
Nazara Technologies
The company has decided to make a strategic investment of up to Rs 20.1 crore in content subsidiary Absolute Sports and up to Rs 10 crore in Brandscale Innovations by subscribing to optionally convertible debentures in one or more tranches, acquiring shares of promoter Porush Jain.
