Major Stocks on December 7 2022: Some stocks are prime in a volatile market. These stocks may remain in focus in the market today due to positive triggers. You can keep an eye on them if you’re looking for better intraday stocks. Shares such as Jindal Stainless, NDTV, Vedanta, J&K Bank, IDBI Bank, HDFC AMC, Bikaji Foods International, Craftsman Automation, Sapphire Foods India, Siemens, Ircon International, Ugro Capital, Veritas (India), and Dynacons Systems and Solutions are included in today’s list. Some have taken steps to expand their business, while others have received large orders. At the same time, someone has declared a dividend. Here are major Stocks on December 7 2022:
1. Jindal Stainless
Quant Mutual Fund purchased a 5% stake in the company in an open market transaction. Quant Mutual Fund purchased 26.3 lakh shares of the company at an average price of Rs 182.97 per share through its small cap fund.
Vikas India EIF I Fund sold a stake in NDTV on the open market. It sold 4.71 lakh shares (0.7% stake) at Rs 375.39 per share on average.
Vedanta, led by Anil Agarwal, has announced plans to raise up to Rs 500 crore through debentures. The amount will be raised in one or more tranches by the oil-to-metal group.
4. Jammu & Kashmir Bank
Jammu and Kashmir Bank announced a partnership with Maruti Suzuki India to make car loans more accessible to its customers.
5. IDBI Bank
Even if a foreign bank acquires a majority stake and management control in a private sector bank, IDBI Bank will continue to operate as a primary dealer. IDBI Bank participates in market making activities for G-Secs, including T-Bills, as part of its Primary Dealer activity.
6. HDFC AMC
On Wednesday, the UK-based investment firm and promoter abrdn investment management plans to sell its entire 10.21% stake in the mutual fund player in a block deal.
7. Bikaji Foods International
The ethnic snacks company’s overall profit increased by 43.5% year on year to Rs 40.92 crore. Revenue rose 32% to Rs 577 crore. During the same time period, the EBITDA margin increased from 10.4% to 11.1%.