Stock Market Updates: Market started strong, today’s top 5 shares on which investors will be eyeing
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Sensex has a gain of 120 points. The Sensex was trading at a level of 63,511.05 with a gain of 124.50 points, or 0.20 per cent. At the same time, the Nifty was trading at a level of 18,873.30 with a gain of 47.30 points i.e. 0.25 per cent.
The domestic stock market started on a strong note amidst better global cues. In today’s business, both Sensex and Nifty are showing green mark in the index. Sensex has a gain of 120 points. The Sensex was trading at a level of 63,511.05 with a gain of 124.50 points, or 0.20 per cent. At the same time, the Nifty was trading at a level of 18,873.30 with a gain of 47.30 points i.e. 0.25 per cent. The shares of BAJAJFINSV, TITAN, BAJFINANCE, LT, HINDALCO are in green color i.e. in growth, while the shares of HEROMOTOCO, ADANIENT, ICICIBANK, INDUSBANK, ADANIPORTS are seen in red color i.e. weak. In today’s business, shopping is being seen in almost every sector of the business. Most of the major indices including Bank, Financial, Auto, IT, Metal and Pharma are in green on Nifty. Today i.e. June 19, 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.
Reliance
Industrialist Mukesh Ambani’s Reliance Industries can earn $10-15 billion by 2030 from new energy business spanning from solar to hydrogen. However, it will have to compensate for its limited expertise in technology through new acquisitions or partnerships. This is stated in a report by Sanford C. Bernstein. Clean energy (solar, batteries, electrolysers and fuel cells) is the new growth pillar for Reliance in India with an investment of $2,000 billion in India by 2050.
Tata steel
Tata Group company Tata Steel is planning to make an integrated capital investment of Rs 16,000 crore on its domestic and global operations in the current financial year (2023-24). The top management of the company gave this information. The company says that out of this amount, Rs 10,000 crore will be spent on standalone operations and Rs 2,000 crore will be spent on Tata Steel’s subsidiaries in India.
SBI
Public sector State Bank of India (SBI) has given a dividend of Rs 5,740 crore to the government for the financial year 2022-23, which is the highest ever. The finance minister’s office said in a tweet that for the financial year 2022-23, the finance minister received a dividend check of Rs 5,740 crore from SBI, which is the highest dividend given in any financial year.
Patanjali Foods
Patanjali Foods Limited plans to invest Rs 1,500 crore in the next 5 years. Giving this information, the company’s Chief Executive Officer (CEO) Sanjeev Asthana said that most of this investment will be done on the palm oil business. The company is expanding its product offering and distribution reach. The company (formerly Ruchi Soya) is targeting a turnover of Rs 45,000-50,000 crore in the next 5 years.
Adani Green
Fitch Ratings has affirmed the stable outlook for the USD 362.5 million bond issue of Adani Green Energy Limited Restricted Group-2 (RG2). This date has got ‘BBB-‘ rating. This means that the risk of default in repayment of this loan is less. The rating agency said the company’s 570 MW solar projects in two Indian states and long-term fixed price power purchase agreements support the company’s credit rating.
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