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 6, 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 Ujjivan Small Finance Bank, Adani Transmission, Sun Pharma, Coal India, Vedanta, V-Guard Industries, SBI, Poonawala Fincorp, JSW Steel. 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.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank says that the company board will consider a proposal to raise funds by issuing debt securities on the basis of private placement in one or more phases on June 8.
Adani Transmission has signed a share purchase agreement with Essar Power to acquire its 100% stake in Essar Power Transmission Company (EPTCL). This acquisition is in line with the company’s value added growth strategy through organic and inorganic development opportunities. The cost of acquisition is Rs 1913 crore.
Sun Pharma plans to increase its field force in the domestic market by 10 per cent in the current financial year to meet the twin objectives of brand focus and geographic expansion. The Mumbai-based pharmaceutical company is the fourth largest specialty generic drug maker in the world.
Coal dispatches by Coal India to sectors such as captive power plants and cement registered a decline in May as compared to a year ago. Fuel supply by Coal India to captive power plants declined by 39.74 per cent in May 2022 as compared to the year-ago period, while dispatches to the cement sector declined by 16.74 per cent.
Metal sector company Vedanta has said that a committee of directors has approved raising up to Rs 4089 crore through debentures on private placement basis. The company will issue 40,890 secured, rated, listed, redeemable, non convertible debentures (NCDs) of face value of Rs 10,00,000.
SBI Mutual Fund through its multiple schemes has acquired 59,171 equity shares in V-Guard Industries through open market transactions on June 2. With this, its stake in the company increased to 9.04 per cent, from 9.027 per cent earlier.
SEBI has revoked the securities market ban imposed on Poonawalla Finance Managing Director Abhay Bhutada in a case related to alleged insider trading activities in the shares of Magma Fincorp (now known as Poonawalla Fincorp).