Due to the positive trigger, some stocks may remain in focus in the business of today i.e. July 7, 2022. 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 7th July 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. Today’s list includes Dr Reddy’s, City Union Bank, Titan Company, Equitas Small Finance Bank, IndusInd Bank, Titagarh Wagons, Shriram Transport Finance, Canara Bank, PNB, Zydus Wellness, Veljan Denson, Deep Industries, PBA Infra, East West Holdings Like shares are included. Positive activities have been seen in many of these companies. Some have got permission to raise funds, while some have entered into agreements with other firms to increase business. At the same time, due to some other activities, today will be in discussion.
Dr Reddy’s Laboratories
According to Dr Reddy’s Chairman K Satheesh Reddy and Co Chairman-cum-Chairman and Managing Director GV Prasad, the company aims to reach 150 million patients by 2030 as part of its sustainability goal, ie 3 times the current reach.
City Union Bank
City Union Bank has said that the Board of Directors has approved raising an additional capital of Rs 500 crore through the QIP route subject to the approval of the shareholder.
Tata Group’s Titan Company said that its sales in the April-June quarter have increased almost 3 times on a year-on-year basis. Due to the low base of the Kovid-19 affected quarter last year, such strong growth has been seen. The company’s network expansion and campaign have progressed well throughout Q1FY23.
Equitas Small Finance Bank
Equitas Small Finance Bank’s Gross Advances grew by 22 per cent on a yearly basis during Q1FY23 to Rs 21,699 crore. It grew 5 percent on a quarterly basis. Whereas during this period the deposit growth was 19 percent on a yearly basis and 8 percent on a quarterly basis and it increased to Rs 20,386 crore.
IndusInd Bank has announced a strategic partnership with MoEngage. The Bank will leverage MoEngage’s technology platform to offer a ‘Gen Z’ digital banking experience to its customers.
HDFC AMC has sold 2.15 per cent stake or 25.7 lakh shares in Titagarh Wagons through an open market transaction on July 4. With this, HDFC AMC reduced its stake in the company to 7.02 per cent, from 9.17 per cent earlier.
Shriram Transport Finance
NBFC company Shriram Transport Finance said that it has received approval from its equity shareholders and creditors for merger with Shriram City Union Finance.
Canara Bank has increased the funds based lending rate marginal cost by 10 basis points with effect from Thursday. The benchmark one-year MCLR has been increased to 7.50 per cent, which will be applicable from today.