Top stocks in focus on Dalal Street Today. ONGC, Nykaa, Blue Dart, and Vedanta, among them

Hot stocks for the last trading day of the week

Hot stocks for the last trading day of the week

18th November 2022 is the last trading day of the current week. The day is expected to be profitable for the stock market as the major indices are expected to open and close in the green. Experts believe that the current market scenario hints at profit booking or consolidation. Nifty is expected to maintain its level within the 17800-18100 bracket.

As the markets are expected to perform well, experts have picked out the top stocks that might be in focus on the last trading day –

Related - Check out the top 5 gaming stocks

  • Aditya Birla Fashion and Retail

The leading retailer and e-tailer is in the news for establishing a partnership with Galeries Lafayette. Under the partnership, the company is set to open an ecommerce platform and dedicated departmental stores throughout the country, thus poised for growth.

  • Blue Dart Express

The company is expanding and announced opening 25 additional outlets in Tier I and II cities.

  • Nykaa

The cosmetic and fashion retailer Nykaa might experience volatility in its scrip as Citigroup has introduced a block deal to sell off $125 million worth of shares aggregating Rs.1000 crores. TPG Capital is the seller in the deal.

  • Bajaj Auto

Bajaj Auto is in the news because LICI (Life Insurance Corporation of India) sold off a part of its stake in the company through open market operations. LIC diluted its shareholding by 2% by selling 56.68 lakh shares. Now, LIC holds a 5.2% stake in Bajaj Auto.

  • ONGC

Arun Kumar Singh, the former Chairman of BPCL, is poised to become the new Chairman of ONGC. As the top management position is up for grabs, ONGC is making headlines, and its shares have become popular in the stock market.

  • Bharat Electronics

The company has recently signed two important MOUs with leading defense PSUs, bringing its shares into focus. The first MOU is with Armoured Vehicles Nigam Limited to explore opportunities in MBTs, IFVs, AFVs, and combat vehicles. The second MOU is with Advanced Weapons and Equipment India.

  • NDTV

The company got financial relief when the Income Tax Department stayed a tax demand worth Rs.59.98 crores for the Assessment Year 2008-2009.

  • Vedanta 

The Board of Directors is expected to meet on 22nd November 2022 to finalize the payment of the third interim dividend for the financial year 2022-2023.

  • Fortis Healthcare

IHH Healthcare, based out of Malaysia, has received SEBI’s nod to complete the formalities of its open offer, which sought to acquire an additional 26.1% stake in Fortis Healthcare.

  • Ultratech Cement

The third plant manufacturing operation, Birla White Wall Care Putty, has commenced. Costing Rs.187 crores, the plant has a capacity of manufacturing 4 LMT per annum increasing the company’s aggregate manufacturing capacity to 13 LMT per annum.

  • Mahindra Lifespace Developers

A new residential project, Mahindra Citadel Phase 1, started in Pune’s Pimpri-Chinchwad area.

  • CSB Bank

The bank received the necessary approval from RBI (Reserve Bank of India) for Bhama Krishnamurthy’s appointment as the part-time Chairperson. Her appointment will be effective from 17thb November 2022, and she will serve the bank till 28th September 2024.

With these stocks in focus, you can make profitable trading decisions and close your week on a high.

Related - Smart investing tips from Warren Buffet.

Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.

18th November 2022 is the last trading day of the current week. The day is expected to be profitable for the stock market as the major indices are expected to open and close in the green. Experts believe that the current market scenario hints at profit booking or consolidation. Nifty is expected to maintain its level within the 17800-18100 bracket.

As the markets are expected to perform well, experts have picked out the top stocks that might be in focus on the last trading day –

Related - Check out the top 5 gaming stocks

  • Aditya Birla Fashion and Retail

The leading retailer and e-tailer is in the news for establishing a partnership with Galeries Lafayette. Under the partnership, the company is set to open an ecommerce platform and dedicated departmental stores throughout the country, thus poised for growth.

  • Blue Dart Express

The company is expanding and announced opening 25 additional outlets in Tier I and II cities.

  • Nykaa

The cosmetic and fashion retailer Nykaa might experience volatility in its scrip as Citigroup has introduced a block deal to sell off $125 million worth of shares aggregating Rs.1000 crores. TPG Capital is the seller in the deal.

  • Bajaj Auto

Bajaj Auto is in the news because LICI (Life Insurance Corporation of India) sold off a part of its stake in the company through open market operations. LIC diluted its shareholding by 2% by selling 56.68 lakh shares. Now, LIC holds a 5.2% stake in Bajaj Auto.

  • ONGC

Arun Kumar Singh, the former Chairman of BPCL, is poised to become the new Chairman of ONGC. As the top management position is up for grabs, ONGC is making headlines, and its shares have become popular in the stock market.

  • Bharat Electronics

The company has recently signed two important MOUs with leading defense PSUs, bringing its shares into focus. The first MOU is with Armoured Vehicles Nigam Limited to explore opportunities in MBTs, IFVs, AFVs, and combat vehicles. The second MOU is with Advanced Weapons and Equipment India.

  • NDTV

The company got financial relief when the Income Tax Department stayed a tax demand worth Rs.59.98 crores for the Assessment Year 2008-2009.

  • Vedanta 

The Board of Directors is expected to meet on 22nd November 2022 to finalize the payment of the third interim dividend for the financial year 2022-2023.

  • Fortis Healthcare

IHH Healthcare, based out of Malaysia, has received SEBI’s nod to complete the formalities of its open offer, which sought to acquire an additional 26.1% stake in Fortis Healthcare.

  • Ultratech Cement

The third plant manufacturing operation, Birla White Wall Care Putty, has commenced. Costing Rs.187 crores, the plant has a capacity of manufacturing 4 LMT per annum increasing the company’s aggregate manufacturing capacity to 13 LMT per annum.

  • Mahindra Lifespace Developers

A new residential project, Mahindra Citadel Phase 1, started in Pune’s Pimpri-Chinchwad area.

  • CSB Bank

The bank received the necessary approval from RBI (Reserve Bank of India) for Bhama Krishnamurthy’s appointment as the part-time Chairperson. Her appointment will be effective from 17thb November 2022, and she will serve the bank till 28th September 2024.

With these stocks in focus, you can make profitable trading decisions and close your week on a high.

Related - Smart investing tips from Warren Buffet.

Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.

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