By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will be in news today and on which the market will be eyeing
FOCUS ON RELIANCE
Has signed an agreement with ADNOC for the chemical project. World class chemical plant will be set up in Abu Dhabi. Agreement has been signed for Chlor-Alkali, EDC and PVC plants.
FOCUS ON BHARTI AIRTEL
Bharti Airtel will further invest Rs 3700 crore in England’s Satellite Communications Company company OneWeb. After the new investment, the company’s stake will increase to 38.6 percent. Last year Bharti, in collaboration with the UK government, saved the company from bankruptcy.
focus on steel stocks
Anti-dumping duty on steel has increased. Anti-dumping duty on steel will continue till December 15. Duty on steel of China, Japan, Korea, Ukraine has increased.
focus on tire companies
Anti-dumping duty on China’s Tire Vulcanisers has extended.
Ruchi Soya, Godrej Agrovet, Focus on AdaniEnterprise
India has reduced the duty on palm oil to 10 per cent. Duty cut on palm oil will come into effect today.
FOCUS ON CIPLA, DRL, SUN PHARMA
Molnupiravir’s clinical trial has been signed. Molnupiravir is a potential drug for corona. Molnupiravir will be trialed between June and September.
FOCUS ON SPICEJET
The company will consider raising funds today.
IRCTC in focus
The business of IRCTC, the catering and tourism arm of Indian Railways, has been affected due to reduced movement of people due to the corona virus epidemic. IRCTC’s net profit declined by 23% to Rs 103.78 crore in the last quarter of the financial year 2020-21, as against Rs 135.14 crore a year ago.
However, in Q4 of FY21, net profit grew by 33% over the December quarter. IRCTC’s net profit in Q3 was only Rs 78.08 crore. IRCTC’s revenue from operations fell 41% to Rs 340 crore in the March quarter, from Rs 576 crore in the same quarter last year. Whereas in the December quarter it was only Rs 224.37 crore.