Stock Market Updates: Stock market opened in selling, today’s top 5 shares on which investors will be eyeing
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The Sensex was trading at a level of 64,861.17 with a decline of 461.48 points while the Nifty was trading at a level of 19,274.20 with a weakness of 154.1 points.
The domestic stock market is witnessing a sell-off amid weak global cues. In today’s business, both the Sensex and the Nifty index are witnessing a decline. The Sensex was trading at a level of 64,861.17 with a decline of 461.48 points while the Nifty was trading at a level of 19,274.20 with a weakness of 154.1 points. In today’s business, pressure is being seen on most of the sectors. Most of the indices including Bank, Financial, Auto, IT, Pharma, Metal and Realty are in red mark on Nifty. The shares of HCLTECH, POWERGRID, APOLLOHOSP, TATAMOTORS, GRASIM are in green color i.e. in growth, while the shares of HINDALCO, JSWSTEEL, SUNPHARMA, HINDUNILVR, SBILIFE are seen in red color i.e. weak. Today i.e. 14 August 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.
ONGC
ONGC’s profit fell 34 per cent to Rs 10,015 crore in the June quarter, compared to Rs 15,206 crore in the same quarter last fiscal. Fall in oil prices and lower production resulted in lower profits. ONGC earned $ 76.49 per barrel on crude oil, compared to $ 108.55 per barrel in the same quarter last year. Revenue decreased by 20 percent to Rs 33,814 crore. Crude oil production declined by 3.2 percent to 4.6 million tonnes, while gas production fell by 3.3 percent to 5.04 billion cubic meters.
Tata Motors
Tata Motors said that by the end of this decade, the annual sales figure of electric vehicles (EV) in India could cross one million units. The company expects the share of electric vehicles to reach 50 per cent of its total sales during this period. The country’s leading vehicle company currently derives 14-15 per cent of its total sales from electric vehicles on a quarterly basis. The company has crossed the total sales figure of one lakh electric vehicles.
Tata steel
Tata Steel, a Tata group company, is not yet keen on any other new acquisition. Company’s CEO TV Narendran has given this statement at a time when Vedanta Limited is reviewing and evaluating its steel and steel making raw materials business. Vedanta Ltd said in June that it would immediately begin a review and evaluate a wide range of options, including a possible strategic sale of some or all of its steel businesses.
HDFC Bank
HDFC Bank chief Shashidhar Jagdishan said that HDFC Ltd. With the successful merger with K Bank, financing is now a risk. Apart from this, the net interest margin can also be affected. However, he expressed confidence that the bank would be able to overcome the financing challenge. Jagdishan said the bank has sought shareholders’ approval to raise up to Rs 50,000 crore by issuing bonds.
Patanjali Foods
Patanjali Foods Limited’s profit for the first quarter of the current financial year declined by 64 per cent to Rs 87.75 crore due to fall in edible oil prices. The edible oil company had earned a profit of Rs 241.25 crore in the same quarter of the previous financial year. Its total income rose to Rs 7,810.50 crore in the June quarter from Rs 7,370.07 crore in the same quarter last fiscal.
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