8 Stocks To Watch Today: Bharat Forge, Suven Life Sciences Ltd. & Others
There are 8 stocks including Bharat Forge & Suven Life Sciences Ltd. will be the focus of the investors & traders today. Here are the 8 main stocks to watch today.
Following a recovery in Asian and European counterparts following the previous sell-off, the domestic indexes, the BSE Sensex and the NSE Nifty, are expected to open higher on Tuesday.
Monday was a holiday, therefore the American markets were closed. The SGX Nifty futures were trading 46 points, or 0.3 percent, up at 15,408 on the Singapore Stock Exchange at 8:05 AM, indicating that the domestic bourses will start with a disparity.
The Indian stock market ended Monday’s tumultuous trading session higher after a six-day losing streak, following encouraging signs from its European counterparts.
The BSE Sensex increased by 237 points to end the see-saw trade at 51,598, while the NSE Nifty finished up 57 points at 15,350.
Hindustan Unilever Ltd (HUL), HDFC, Wipro, UltraTech Cement, Asian Paints, and HDFC Bank were the top gainers on the BSE Sensex pack.
The BSE smallcap and midcap indices closed lower, down 2.95 percent and 1.39 percent, respectively, outperforming the standard indices, the overall market.
Metal had the lowest sector performance, and it was trailed by oil and gas, energy, basic commodities, and capital goods.
Stocks To Watch Today (21st June, 2022)
1. Bharat Forge
The company has authorized the transition of its interest in the joint venture (JV) entity Refu Drive GmbH (Refu) to its fully-owned subsidiary Kalyani Powertrain in an effort to streamline its electric car business (KPL).
2. Suven Life Sciences
The pharmaceutical business announced in an exchange filing that its board will convene on June 24 to discuss raising money through the issuance of shares on rights, based on the company’s current shareholders.
3. Oil and Natural Gas Corporation (ONGC)
Alka Mittal has been assigned extra responsibility for the position of chairman and managing director at Oil and Natural Gas Corporation (ONGC) by the Ministry of Petroleum and Natural Gas for a period of two months.
4. Adani Power
Support Properties (SPPL) & Eternus Real Estate (EREPL) have been fully acquired by the Adani Group company from their separate owners for a total cost of roughly ₹609 crore.
5. Ashok Leyland
With the introduction of the ecomet STAR 1115 truck, the Hinduja Group’s company has expanded its line of CNG-powered Intermediate Commercial Vehicles (ICV).
HUDCO Fitch, a global credit rating agency, upgraded Housing & Urban Development Corporation’s outlook to “stable” with a “BBB-” rating.
7. Engineers India
Vartika Shukla, CMD and extra charge director, has been replaced as the company’s chief financial officer by Sanjay Jindal, director (finance) (technical).
8. Fineotex Chemical
On June 24, the company’s board will meet to discuss raising money through the issuance of shares, relating to shareholder and other legal approvals.