Stock Market Updates: Flat open market, today’s top 5 shares on which investors will be eyeing
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BSE Sensex was trading at a level of 60,818.77 points, down 39.66 points, or 0.07 per cent. Similarly, NSE Nifty was trading at a level of 18,093.35 points with a loss of 14.50 points i.e. 0.08 per cent.
The domestic stock market is showing gains amid mixed global signals. Following the cues from the global market, the domestic stock markets were trading at a flat level in early trade today. BSE Sensex was trading at a level of 60,818.77 points, down 39.66 points, or 0.07 per cent. Similarly, NSE Nifty was trading at a level of 18,093.35 points with a loss of 14.50 points i.e. 0.08 per cent. The color of POWERGRID, INDUSINDBK, HDFCBANK, HDFC, TATAMOTARS is green on Nifty i.e. positive reaction is being seen in these stocks.
On the other hand, big stocks like HINDUNILVR, SUNPHARMA, NESTLEIND, TITAN, ASIANPAINT are seen in red color, which means they are showing signs of decline. Today i.e. on January 20, 2023, some shares are ready to show action in a volatile market. 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 these.
Sun Pharmaceuticals
Sun Pharmaceutical Industries and Concert Pharmaceuticals Inc. have executed a definitive agreement under which Sun Pharma will acquire all outstanding shares of Concert through an upfront payment of $8.00 per share or a tender offer for $576 million in equity value. Concerta is a late-stage biotechnology company developing an oral inhibitor of the Janus kinases JAK1 and JAK2 for the treatment of alopecia areata, an autoimmune skin disease.
Hindustan Unilever
FMCG major Hindustan Unilever’s profit rose 11.7 per cent to Rs 2,505 crore in the December quarter. There was 16.3 percent growth in revenue and it stood at Rs 15,228 crore. EBITDA grew 7.9% to Rs 3,537 crore, but margin declined 180 bps YoY to 23.2 per cent in Q3FY23, impacted by higher raw material costs.
Hindustan Zinc
Hindustan Zinc’s third quarter profit fell 20 per cent to Rs 2,156 crore due to weaker revenue and operating income. Revenue decreased by 1.6 percent to Rs 7,866 crore. EBITDA fell 15.2 per cent to Rs 3,707 crore and margin contracted 760 bps to 47.1 per cent. The company will pay an interim dividend of Rs 13 per share for FY23.
PVR
The country’s largest multiplex chain reported a consolidated net profit of Rs 16.2 crore for the December quarter, as against a loss of Rs 10.2 crore in the same period last fiscal. PVR’s consolidated revenue from operations grew 53 per cent year-on-year (YoY) to Rs 941 crore from Rs 614.2 crore a year ago.
TCS
Canadian business jet maker, Bombardier has selected TCS as a strategic IT partner. To accelerate its digital transformation and drive innovation.
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