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 the news today and on which the market will be eyeing.
GLENMARK LIFE SCI listing today
Today there will be a listing of GLENMARK LIFE SCIENCES. Its issue price is Rs 720. This issue was filled more than 44 times.
Big relief to Vodafone, Cairn
Vodafone and Cairn have got a big relief. The government will withdraw the tax demand sent after the law change in 2012. There is also a proposal to refund the tax deposited. A bill has been introduced in the Lok Sabha for necessary changes in the Income Tax Act. The issue of RETROSPECTIVE TAX will end forever.
RBI credit policy announced today
RBI’s credit policy will come today at 10 am. Bankers and economists in Awaaz MPC do not expect interest rates to change. The policy may focus on inflation and growth. Banking, financial and infra stocks may see movement.
Change the circuit filter of 489 shares
The circuit filters of around 490 stocks of midcap and smallcap have been changed. The circuit limit of NIIT, GM BREWERIES, JAI CORP has increased from 10 to 20%. On the other hand, RUCHI SOYA, FUTURE RETAIL, MTNL will have a circuit limit of 10% instead of 5.
Investors kind on IPO
Investors remain kind to the IPO. Issues of WINDLAS BIOTECH and DEVYANI INTL are filled up to 7 times. The same IPO of EXXARO TILES is subscribed 10 times and KRSNAA DIAGNOSTICS 5 TIMES. Today is the last day of all these IPOs.
Big day in terms of results
Today is a big day in terms of results. Two Nifty companies M&M and HINDALCO will present their Q1 numbers. Results of 10 companies involved in F&O including TATA POWER, NALCO, BERGER PAINTS will also come out.
Cipla produced great results
In the first quarter, Cipla’s profit grew 23.67 per cent year-on-year and stood at Rs 715 crore. The company’s profit in the same period last year was Rs 577.91 crore. The company’s income has also grown by 26.64 per cent year-on-year during this period and has increased from Rs 4,346.16 crore to Rs 5,504.35 crore.
Brokerage Bullish on Gujarat Gas
The results of Gujarat Gas have come out well. The company’s margins have been strong. On a quarter-on-quarter basis, the company’s profit in the first quarter of FY 2021-22 increased by 36 percent to Rs 476 crore as compared to Rs 350 crore in the fourth quarter of the previous year. However, profit in the first quarter was estimated at Rs 476 crore.
On a quarter-on-quarter basis, the company’s income declined by 13 per cent to Rs 3010 crore in the first quarter of FY 2021-22 as against Rs 344 crore in the fourth quarter of the previous year. However, the income in the first quarter was estimated to be Rs 2968 crore.
Jefferies’ opinion on Gujarat Gas
Jefferies has given buy rating on Gujarat Gas and has set a target of Rs 920 for the stock. He says that 21% EBITDA growth has been shown by better margins. The volume has recovered to the level of the fourth quarter.
Brokerage houses see good potential for Orient Cement, which is owned by Rakesh Jhunjhunwala, who is considered an expert investor in the stock market. As per the shareholding pattern of Orient Cement in the June quarter, Jhunjhunwala holds around 1.22 per cent stake in it.
HDFC Securities has retained the buy rating on the company. It said Orient Cement looks promising due to high demand, strong balance sheet and expansion plans. The company’s margins have increased in the first quarter.
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