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 10, 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 stocks like Bajaj Auto, Kotak Mahindra Bank, HDFC, Tata Motors, Butterfly Gandhimathi Appliances, Sona BLW Precision Forgings, Dr Reddy’s, HFCL, Kiri Industries, Oriental Aromatics, Asian Granito India and Indian Overseas Bank. 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.
Two wheeler maker Bajaj Auto said in its BSE filing that the board of directors will consider the proposal for buyback of fully paid-up equity shares of the company on June 14. After which there could be the first buyback announcement by the company since 2000.
Kotak Mahindra Bank
Kotak Mahindra Bank has announced a 0.50 percent increase in savings account interest rate for deposits above Rs 50 lakh. Now it has become 4 percent. The term deposit rate has also been increased by up to 0.25 percent.
HDFC has announced an increase in its retail prime lending rate. HDFC has taken this decision after RBI increased the repo rate by 50 basis points.
SEBI has asked Tata Motors to be “more careful” in its future dealings in the security market.
Butterfly Gandhimathi Appliances
After acquiring 26 per cent stake through an open offer on June 8, Crompton Greaves Consumer Electricals now holds 81 per cent stake in Butterfly Gandhimathi, up from 55 per cent earlier.
Sona BLW Precision Forgings
Sona BLW has informed the Stock Exchange that the Board of the Company has re-appointed Vivek Vikram Singh as the Managing Director and Grouph CEO of the Company for a period of 5 years from 5th July 2022 to 4th July 2027. This is subject to the approval of the shareholders.
Nasdaq listed company Olema Pharmaceuticals, Inc. has signed an exclusive collaboration and licensing agreement with Origin Discovery Technologies, a subsidiary of Dr Reddy’s, for the discovery and development of cancer therapy.
HFCL has received orders worth Rs 73.39 crore for the supply of UBRs (Unlicensed Band Radio) and accessories. At the same time, an order worth Rs 22.30 crore has been received from one of India’s leading EPC players for the supply of optical fiber cables.