Watch out for these hot stocks today

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Watch out for these hot stocks today
04 Mar 2022
7 min read

News Synopsis

The Indian Stock Market is trying to make a comeback after it plunged due to Russia’s invasion of Ukraine wiping out an enormous amount of wealth. In the last few days, the Indian Share Market is however is trying to recover from this fall. These are some of the hot stocks today that you should consider for investment. Vodafone Idea aims to raise Rs. 4500 crore by issuing preferential equity shares at a price of Rs. 13.3 per share. Cell and battery manufacturing company Evergreen’s chairman and managing director has resigned after an offer from the Burman group to acquire 26% stake in the company. Another company Wockhardt has announced to issue three shares for every ten shares possessed of the company. This issue will happen at a price of Rs.225 per share. Banking giant Axis Bank has partnered with IPE global to provide financial facilities to healthcare companies. HDFC Bank has collaborated with National Stock Exchange that will provide unsponsored depository receipts. UPL company’s promoters have decided to sell the company. SJVN aims to raise Rs. 1856 crores. The raised capital will be used to funds its Hydro power project in the state of Himachal Pradesh. Drug Controller General of India has granted its approval to Themis Medicare to use its drug Viralex in covid-19 treatment.

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