Top Stocks in Focus Today: Airtel, HUL, JSW Steel, Tech Mahindra, and More
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Investors and traders are keeping a close watch on the stock market as certain stocks are expected to grab attention and show potential for intraday trading. In this article, we will discuss the top stocks that are in focus today, including Bharti Airtel, Hindustan Unilever (HUL), JSW Steel, Tech Mahindra, and others. These stocks have witnessed recent developments, management changes, and positive triggers, making them worth considering for intraday trading. Let’s dive into the details and explore the opportunities these stocks offer.
Stocks in Focus Today: Positive Triggers and Volatility
Today, on June 27, 2023, the stock market is expected to be volatile, offering opportunities for traders and investors. Some stocks have the potential to remain in focus due to positive triggers and recent developments. If you are searching for lucrative stocks for intraday trading, the following stocks should be on your radar:
1. Bharti Airtel
-Bharti Airtel, a prominent telecommunications company, has recently revealed a significant alteration in its leadership team operating within the Airtel business.
– Ajay Chitkara, the CEO, has resigned and will continue to serve until the third week of August.
– The Airtel business will now operate as three separate business and channel segments.
– Vani Venkatesh will lead the Global business segment, Ganesh Lakshminarayanan will head the domestic business segment, and Ashish Arora will be in charge of Nextra Data Center.
2. Hindustan Unilever (HUL)
– HUL has decided to increase the royalty paid to its parent company, Unilever, from 2.65% to 3.45% of turnover.
– This decision has been made after thorough discussions and due diligence.
– The royalty increment will be implemented in a phased manner over the next three years.
3. JSW Steel
– Following the approval from the NCLT (National Company Law Tribunal), the scheme of amalgamation involving JSW Vallabh Tinplate, Vardhman Industries, and JSW Steel Coated Products has been successfully concluded.
– JSW Vallabh Tinplate and Vardhman Industries have merged with JSW Steel Coated Products, a subsidiary under the umbrella of JSW Steel, consolidating their operations and ceasing to exist as independent entities.
– Consequently, the merged entities ceased to exist as separate entities from the effective date of the merger, which is June 26.
4. Tech Mahindra
– Tech Mahindra’s step-down subsidiary, LCC France SARL, and its wholly owned subsidiary, EURL LCCUK Algeria, have approved the sale of their 49% stake in SARL Djazatech.
– The stake sale transaction is anticipated to be completed by July 10, 2023.
5. City Union Bank
– City Union Bank’s board of directors has given approval to raise additional capital of Rs 500 crore through Qualified Institutional Placement (QIP).
6. SBI Life Insurance
– Swaminathan Janakiraman has resigned as director of SBI Life Insurance, effective from June 26.
– This decision comes after his appointment as deputy governor by the Reserve Bank of India.
– Swaminathan was the nominee director representing the State Bank of India.
These stocks, including Bharti Airtel, HUL, JSW Steel, Tech Mahindra, City Union Bank, and SBI Life Insurance, are expected to be in focus today due to recent developments and positive triggers. Traders and investors looking for opportunities in the stock market should keep an eye
on these stocks for potential intraday trading. However, it’s important to conduct thorough research, analyze market conditions, and consider your investment goals and risk appetite before making any trading decisions. Stay updated with the latest market news and trends to make informed investment choices and maximize your chances of success in the stock market.
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