M&M, Kotak Bank, other stocks to watch on March 23, 2023

Produced by: Harshita Tyagi
Designed by: Mohsin

Indian share market on March 23, Thursday, will react to the US Fed meeting outcome. Hindustan Zinc, M&M, Kotak Mahindra Bank, Sobha, Adani Group shares are among the stocks to watch

Stocks to watch on March 23

Adani Airports, part of the Adani Group, will bid for more airports in India, revealed Adani Airports Chief Executive Arun Bansal. The company won bids to operate 6 airports in the last round of airport privatisation

Adani Group stocks

Hindustan Zinc has announced the fourth interim dividend for FY23. The dividend of Rs 26 for each share of face value Rs 2 will lead to an outgo of Rs 10,986 crore

Hindustan Zinc shares

International Finance Corporation (IFC), a member of the World Bank Group, will invest Rs 600 crore in Mahindra and Mahindra’s wholly-owned subsidiary, a newly incorporated last mile mobility company

Mahindra and
Mahindra (M&M)

Kotak Mahindra Bank has sought approval from its shareholders for appointing Uday Kotak as a non-executive director at the bank for five years after his term as MD & CEO ends on December 31, 2023

Kotak Mahindra Bank

The Income Tax department carried out a search at its registered office and other premises. The company said, "As a responsible company, all the concerned employees/staff of the company are extending their full cooperation to the officials.” 

Sobha Ltd

The short term trend of Nifty is positive. “Unless the immediate resistance of 17,200 is taken out decisively on the upside, the chances of sharp upmove could be less," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty trend positive

Bank Nifty has found resistance at the 14DMA. “A decisive breakout above 40,000 may induce a rally in the index, above which the index may move up towards 41,000," said Rupak De, Senior Technical Analyst at LKP Securities

Bank Nifty technical outlook

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