Stock Market Updates: Market booming, today’s top 5 shares on which investors will be eyeing
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In today’s trade, the Sensex opened at 62,151.29 points with a gain of 187.61 points, while the Nifty is trading at a level of 18,283.75 points with a gain of 69.35 points.
Today, the stock market is seeing a boom amid positive signals from the global market. In today’s trade, the Sensex opened at 62,151.29 points with a gain of 187.61 points, while the Nifty is trading at a level of 18,283.75 points with a gain of 69.35 points. ADANIENT, ADANIPORTS, BPCL, BRITANNIA, INFY are in green color i.e. in growth, while APOLLOHOSP, KOTAKBANK, TITAN, CIPLA, M&M are looking in red color i.e. weak. In today’s trade, only Bank, Financial, IT, Auto, Metal, Pharma and Realty indices are in green on Nifty. Today i.e. 23 May 2023, some stocks 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.
PB Fintech
The operator of Policybazaar and Paisabazaar has narrowed its loss to Rs 8.9 crore for the quarter ended March FY2023, from Rs 219.6 crore in the same period last year. The operational revenue grew by 61 per cent to Rs 869 crore as compared to the corresponding period of the previous financial year.
BPCL
The state-owned oil marketing company reported a 159 per cent rise in net profit at Rs 6,478 crore for the fourth quarter of the current year, as against Rs 2,501 crore in the same period a year ago. Consolidated revenue from operations increased by 8.1 per cent to Rs 1,34,000 crore from Rs 1,23,000 crore.
Adani Power
Adani Power will be contesting an order issued by the Registrar of Companies (ROC), Ahmedabad, imposing penalty on three senior executives for alleged violations related to transactions in the three years up to FY2020. The RoC, in an order issued on May 16, imposed the penalty on three senior officials of Adani Power, including Gautam Adani, chairman.
JSW Steel
The company has entered into an in-principle agreement with JFE Steel of Japan to set up a 50:50 Joint Venture (JV) for the manufacture of Cold Rolled Grain Oriented Electrical Steel (CRGO) in India.
Vedanta
The company’s board declared its first interim dividend of Rs 18.50 per share, amounting to Rs 6,877 crore for FY24. The company has fixed May 30 as the record date for payment of dividend.
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