The stock market continues to decline. The beginning of March was also not good for the market. On Monday, March 3, the market opened rapidly in the beginning, but could not retain it. However, during this time, there was a strength in the shares of some companies, whose business activities had revealed a lot of information. For example Mahindra and TVS Motors. Even today some such stocks can live in focus.
IRCTC and IRFC
Indian Railway Catering and Tourism Corporation i.e. IRCTC and Indian Railway Finance Corporation (IRFC) have the status of Navratna. Companies that have achieved the status of Navratna get additional benefits from government policies. In addition, they get more autonomy and financial freedom, with which they can increase their business. Therefore, shares of these two companies can remain in focus today. IRCTC is currently available at a price of Rs 677.80 and IRFC at Rs 111.60.
UNO Minda
The company has said in the exchange filing that it has started a new research and development (R&D) center in the Czech Republic. This center will focus on upgrading lighting technology to meet the growing needs of the global automotive industry. Yesterday the company’s stock closed at Rs 828 with an increase. However, so far this year it has decreased by 21.80%.
Vedanta
The share of Anil Aggarwal’s company Vedanta can also remain in focus today. Actually, brokerage house MK Global Financial Services has started coverage on Vedanta and recommended to buy it. Brokerage has set a target price of Rs 600 for this. On Monday, the company’s shares closed over three percent to close at Rs 409.40.
Sudarshan Chemical
Sudarshan Chemical has informed about the completion of the acquisition of Hubac Group. The company has said that it has completed the acquisition of German -based Hubac Group. The company’s stock closed at Rs 820.90 on Monday at Rs 820.90. So far this year it has fallen by 27.87%.
Indian energy exchange
Indian Energy Exchange Limited (IEX) has reported in the exchange filing that its power business in February has reached 9,622 MUs with an annual growth of 9 percent. IEX shares closed at Rs 154.90 yesterday and so far this year it has fallen by 14.05%.
